Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Details 1)

v3.8.0.1
ACQUISITIONS (Details 1)
Dec. 31, 2016
USD ($)
Current Assets (Inclusive of Cash of $163,566) $ 792,447
Property, Plant and Equipment 681,896
Customer Relationships 7,860,000 [1]
Trade Name 5,320,000 [1]
Dispensary License 10,270,000 [1]
Liabilities (2,355,938)
Total Identifiable Net Assets 22,568,405
Goodwill 28,921,260
Net assets 51,489,665
Preliminary [Member]  
Current Assets (Inclusive of Cash of $163,566) 792,447
Property, Plant and Equipment 681,896
Customer Relationships 7,480,800
Trade Name 4,280,000
Dispensary License 8,214,700
Liabilities (2,355,938)
Total Identifiable Net Assets 19,093,905
Goodwill 32,395,760
Net assets 51,489,665
Adjustments [Member]  
Current Assets (Inclusive of Cash of $163,566)
Property, Plant and Equipment
Customer Relationships 379,200
Trade Name 1,040,000
Dispensary License 2,055,300
Liabilities
Total Identifiable Net Assets 3,474,500
Goodwill (3,474,500)
Net assets
[1] The Company received an independent third-party expert appraiser valuation report in valuing certain assets which included Customer Relationships, Trade Name and Dispensary License. Management is fully responsible for the valuation of the assets.