NOTE 13 - SUBSEQUENT EVENT |
3 Months Ended |
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Mar. 31, 2016 | |
| Subsequent Events [Abstract] | |
| NOTE 13 - SUBSEQUENT EVENT |
NOTE 13 - SUBSEQUENT EVENT On April 14, 2016, the Company issued 31,954,237 shares of the Company’s common stock to the members of Sigal Consulting LLC as part of the May 19, 2014 Membership Interest Purchase Agreement between MariMed and Sigal. In May 2016, Mari Holdings IL LLC issued a 10 year note payable to Du Quoin State Bank in the amount of $900,000 at 6.5% interest per annum. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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