cannabisnews.com: First Publicly Traded Medical Marijuana Company 





First Publicly Traded Medical Marijuana Company 
Posted by CN Staff on March 15, 2004 at 10:01:23 PT
Press Release
Source: Business Wire 
Beverly Hills, Calif. -- Amigula Incorporated (OTC:AMJL), the world's first publicly traded medical marijuana company, today announced that several Hollywood agents and management groups have been working with their clients at the bequest of Amigula Inc., negotiating contracts with "Super Stars" willing to endorse medical marijuana as a viable medicinal therapy for a variety of extreme illnesses, including multiple sclerosis, epilepsy, arthritis, glaucoma, AIDS, nausea - chemotherapy, anxiety and stress, as well as for several other dysfunctions.
"We approached several well-known talent agents and managers to request that they approach their talent and present our cause and opportunity to them. Some of the stars wished us well and declined at first, then called their agents back after thinking things over and said 'Let's talk,'" said Warren Eugene, president, Amigula Inc. "We require a star who is well known and trusted by a geriatric and maturing population. We require someone to educate people with us. There is so much by way of misconception and myth surrounding marijuana; it needs a star to assist us in getting the message right. That message is a simple one -- that marijuana is an excellent alternative homeopic therapy for those truly suffering and requiring medications. We are an agricultural pharmaceutical company on a mission to do good for others. "So that's when it hit me, what about stars who have excelled at fighting for others with illness. These stars are heroes to millions of people the world over. "One star actually did a TV episode where she smoked marijuana. She is of the right age and high quality to endorse our company and products. We are pursuing her. There are several stars who would be naturals for us. "Some have had to personally battle major illness; they had to go through treatment for illness and could empathize with millions of other people requiring therapeutic relief. "There will be many stars, before too long, who will come to our side and join us in this important quest, of that I'm certain. It's still early; we just got started a few months ago. I'm confident that things will work out well for us. This is history in the making," said Eugene. About Amigula Inc. Amigula Inc. -- http://www.Amigula.com -- has recently completed the purchase of 51% of Medical Cannabis Inc. and has announced their plans to file as a reporting issuer. The company plans to list on a major exchange beginning with an application for a listing on the American Stock Exchange (AMEX) or Nasdaq, as well as several European exchanges. The company views the current prohibition of marijuana as similar to that of alcohol, beer and tobacco. Canada's marijuana crop alone is estimated at $4 billion to $7 billion. If a single company controlled it, it would be larger than Canada's oil and gas business and agricultural industries. On October 7, 2003, the Ontario Superior Court ruled that business and individuals be allowed to grow and supply medical marijuana, effectively relieving the Canadian government of its often criticized and fairly unsuccessful attempts. Health Canada "permitted persons" (exemptees) can now pay Amigula to grow marijuana for them. The ruling makes it easier for sick people to get marijuana by allowing them easier access -- more choice and fair prices. The company has a mandate to develop and improve the medical marijuana business worldwide and is on the acquisition and consolidation trail of other legal licensed marijuana operations with notable international brands. Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward- looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.Note: Announces Today that the Company Has Formulated a Plan to Have Well-Known Hollywood Celebrities -- Entertainers -- Endorse the Company and the Company's Products.Complete Title: Amigula Incorporated -- The World's First Publicly Traded Medical Marijuana Company Source: Business Wire (NY)Published: March 15, 2004 Copyright: 2004 Business Wire Website: http://www.businesswire.com/Related Articles:World's First Publicly Traded Marijuana Company http://cannabisnews.com/news/thread18289.shtmlPublic Pot Company's Pipe Dreams http://cannabisnews.com/news/thread17921.shtmlGambling Pioneer Goes To Pot http://cannabisnews.com/news/thread17910.shtml
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Comment #13 posted by FoM on April 26, 2004 at 19:26:53 PT
Related Article from Forbes
Joint Venture Quentin HardyApril 26, 2004Warren Eugene says he has made millions through an Internet gambling site he founded in 1995. His next play is to be a marijuana kingpin--through a publicly traded company. Eugene recently did a reverse takeover of a tiny U.S. public company, renamed it Amigula, and now proposes to supply marijuana to sick people in Canada. Canadian law allows sick people to legally smoke the drug, but it prohibits companies from selling it. Not that that detail seems to bother Eugene. "There are many investors out there who will take a gamble, figure I'll pull a monkey out of my hat again," says Eugene, 43, a Canadian native with a Bahamian passport. Amigula's headquarters are a hotel suite in Toronto. The company has zero revenues and no government licenses to supply marijuana, despite claims on Yahoo and Bloomberg Web sites to the contrary. Eugene figures he will sign up 60,000 medical patients, change Canadian law, learn to grow top-grade pot, sell to many countries and corner a market now occupied by one agricultural company and scores of furtive growers. Even weed-legalization fans think he is smoking something (the entrepreneur says he never touches the stuff) and have reported the company to the securities cops. Antidrug congressmen have asked the Food & Drug Administration to check it out. The SEC won't comment on any investigation. Wonder how long this high will last. Copyright: 2004 Forbes.com Inc.™   
http://www.forbes.com/business/forbes/2004/0426/044.html
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Comment #12 posted by FoM on March 22, 2004 at 12:10:28 PT
Related Press Release
Amigula Incorporated Will Soon Be Providing Canadian Pharmacies with Government Certified Marijuana NEW YORK--(BUSINESS WIRE)--March 22, 2004--The company has prepared for this news for the last 3 months and clearly has the first mover advantage. This is what Warren Eugene is terrific at. He recognizes and acts on opportunities. States, Peter Hilton Mijovick Secretary of Amigula Inc. (Other OTC: AMJL). The Canadian government has approved a pilot project in British Columbia today allowing local pharmacies in British Columbia the opportunity to sell marijuana to those with prescriptions. Officials are organizing a pilot project in British Columbia, modeled on a year old program in the Netherlands. Canada would be the second country in the world after the Netherlands to allow the direct sale of medical marijuana in pharmacies. A notice of the government-endorsed change will be distributed to drug store pharmacists this spring 2004. Medical marijuana is prescribed as a viable medicinal therapy for a variety of extreme illness, including Multiple Sclerosis, Epilepsy, Arthritis, Glaucoma, Aids, Nausea - Chemotherapy, Anxiety, Stress, as well as for several other dysfunctions. The company is investigating - nano drug -medicinal marijuana - therapy - technology. The company is in negotiations with well-known and trusted Hollywood Super Stars, who endorse and support medical marijuana. We require someone to educate "the people" with us. There is so much by way of misconception and myth surrounding marijuana; it needs a STAR to assist us in getting the message right. That message is a simple one - that marijuana is an excellent alternative therapy for those truly suffering and requiring medications. We are an agricultural pharmaceutical company on a mission to do good for others" Says Warren B. Eugene - President of Amigula Inc. Amigula Inc. -- http://www.Amigula.com -- has recently completed the purchase of 51% of Medical Cannabis Inc. and has announced their plans to file as a reporting issuer. The company plans to list on a major exchange beginning with an application for a listing on the American Stock Exchange (AMEX) or Nasdaq as well as several European exchanges. The company views the current prohibition of marijuana as similar to that of alcohol, beer and tobacco. Canada's marijuana crop alone is estimated at $4 billion to $7 billion. If a single company controlled it, it would be larger than Canada's oil and gas business and agricultural industries. On October 7, 2003 the Ontario Superior Court ruled that business and individuals be allowed to grow and supply medical marijuana, effectively relieving the Canadian government of its often criticized and fairly unsuccessful attempts. Health Canada "permitted persons" (exemptees) can now pay Amigula to grow marijuana for them. The ruling makes it easier for sick people to get marijuana by allowing them easier access -- more choice and fair prices. The company has a mandate to develop and improve the medical marijuana business worldwide and is on the acquisition and consolidation trail of other legal licensed marijuana operations with notable international brands. Statements in this press release that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward- looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing and access funds from our existing financing arrangements that will allow us to continue our current and future operations. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20040322005952&newsLang=en
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Comment #11 posted by Rev Jonathan Adler on March 20, 2004 at 16:30:46 PT:
Warren Eugene!?
I hope that the efforts to commercialize medical marijuana are focused more on quality medicine at reasonable rates than making a buck. I already have shown a legitimate religious pathway to offer healing, worship and prayer.Hopefully sacramedicine(TM) will prevail and not be considered malarky! Many sincere and legitimate patients are needing help daily. Warren Eugene is seeking to create opportunity in Canada and now the USA. I am so far still waiting for his follow through. Amen.
Hawaii Medical Marijuana Institute
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Comment #10 posted by Darwin on March 16, 2004 at 06:42:05 PT
Speaking of investment
Check out this post from the DEAWatch:"Last week someone wrote: "... now there is talk that John Walters and/or staff members are investing money in drug-testing kit companies while at the same time heavily promoting drug testing in schools." 
I asked my stock broker to look into drug-testing kit suppliers. I was told that this was a good investment.
Who says government work doesn't pay off... Thanks, ONDCP!
Geeez! Some people just can't be satisfied with their government paycheck..."
http://members.aol.com/deawatch/daily.htm
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Comment #9 posted by escapegoat on March 15, 2004 at 19:02:32 PT
Amigula - stay away
It's malarky. I've heard on good authority that this guy isn't serious, just trying to raise a couple of mil on hype. I'd steer clear. They're business address is a hotel - what does that tell you? :) (They also misrepersent themselves as already having a HC licence.)
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Comment #8 posted by afterburner on March 15, 2004 at 15:30:47 PT:
2nd However Is a Big One: States Rule on Medicine
"However, states have their own controlled substance schedules, which typically mirror the federal government's. But the states are free to place the substances in whatever schedules they see fit. However, the only significance for a state placing marijuana in a less restrictive schedule is that it simply recognizes the drug's supposed therapeutic use." Just enjoying the ride. Stand tall. Medical Freedom Amendment for 2004: MFA for 2004. Once a majority of states recognizes therapeutic value and deschedules cannabis, then the federal hegemony will fall.
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Comment #7 posted by Cannabis Enthusiast on March 15, 2004 at 15:09:55 PT
How long until they get raided by the DEA?
One has to wonder how long it will be until this company gets raided by the U.S. Drug Enforcement Administration (DEA).
Pulse Check: Drug Markets and Chronic Users in 25 of America's Largest Cities
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Comment #6 posted by FoM on March 15, 2004 at 14:11:22 PT
crank
Medicinal cannabis is a good thing. I really don't know about the company though.
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Comment #5 posted by crank on March 15, 2004 at 13:57:18 PT
Malarkey
... marijuana is an excellent alternative homeopic therapy ...There doesn't seem to be an English word "homeopic" - maybe it's an accidental or deliberate alteration of "homeopathic." If that's the case, the game is over. Homeopathic marijuana would be 100% legal (except for possible restrictions on alcohol content), as would be homeopathic heroin and LSD. Why? Because there are no forensic means of detecting its presence.Keep in mind that this is a corporate press release - not a 
journalistic slop job.
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Comment #4 posted by FoM on March 15, 2004 at 13:00:51 PT
Ron
I believe it's malarky.
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Comment #3 posted by Ron Bennett on March 15, 2004 at 12:56:51 PT
Stock price steadily downward...makes one wonder!
Stock quotes of OTC traded issues can sometimes be a bit flaky...with that said, looking at the charts, it appears AMJL has been going down, down, down!Makes one wonder if the company is for real or just a bunch of malarky...pump and dump comes to mind.Ron
AMJL Stock Chart for past month...
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Comment #2 posted by FoM on March 15, 2004 at 11:51:01 PT
Heads Up: Montel Williams at 3 Today
I just received a phone call that Montel is going to talk about Medical Marijuana again. I don't know if it's a repeat show or a new one but I thought I should mention it!
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Comment #1 posted by FoM on March 15, 2004 at 11:32:27 PT
News Brief from NBC30.com
State Medical Marijuana LawsMarch 15, 2004The issue of legalizing medical marijuana has pitted individual states against the federal government. Although federal law prohibits any use or possession of marijuana, more than half of the U.S. states have enacted favorable medical marijuana laws since 1978. However, most of the laws are ineffective because of their contradiction to the federal prohibition. Currently, 30 states and the District of Columbia have laws on the books that recognize the drug's medical value, according to a Marijuana Policy Project report from June 2001. Eight states have enacted effective laws allowing marijuana for medical purposes: Alaska, California, Colorado, Hawaii, Maine, Nevada, Oregon and Washington. Another 12 states have Therapeutic Research Program laws. These laws allow patients to legally use medical marijuana through a state-run research program. However, none of these programs have been in operation since 1985 because of an increasingly cumbersome federal approvals process. Ten states and the District of Columbia have laws that recognize marijuana's medical value, but don't protect users from arrest. Several allow patients to possess marijuana if obtained directly from a valid prescription -- but there isn't a legal supply of the drug to fill a prescription. Doctors are not allowed to prescribe marijuana, and pharmacies can't dispense it. The federal Controlled Substances Act of 1970 established five "schedules" into which all illicit and prescription drugs are placed. Marijuana is currently in Schedule 1, which defines it as having a high potential for abuse and no currently accepted medical use in treatment. The U.S. government doesn't allow Schedule 1 substances to be prescribed by doctors or sold in pharmacies. However, states have their own controlled substance schedules, which typically mirror the federal government's. But the states are free to place the substances in whatever schedules they see fit. However, the only significance for a state placing marijuana in a less restrictive schedule is that it simply recognizes the drug's supposed therapeutic use. Click on the states in the map below to see their medical marijuana policies, based on information from NORML and the Marijuana Policy Project. http://www.nbc30.com/health/2255025/detail.html
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