The MaryJane Group, Inc. Executes Contract to Purchase The Adagio

|
The MaryJane Group, Inc. Executes Contract to Purchase The Adagio
| Denver, CO – March 2015 / Newsmaker Alert / The MaryJane Group, Inc. (MJMJ) announced that it has signed the contract to purchase The Adagio Bed and Breakfast in Denver Colorado. The Adagio is the home of the Company’s first Bud and Breakfast™. The total purchase price is $1,500,000, of which $1,000,000 will be financed by the Seller. Upon execution of the contract, the Company made a deposit of $50,000. The Company expects the closing to take place on or before May 15, 2015.

Joel C. Schneider, the CEO of The MaryJane Group, Inc., stated, “We are pleased to move forward with the purchase of The Adagio. We have had tremendous success in our first year of operating our Bud and Breakfast and the purchase of The Adagio allows us to continue to build on that success. We are actively seeking additional lodging facilities to expand our business model.”

About The MaryJane Group, Inc.
The MaryJane Group is the preeminent hospitality group in the canna-lifestyle hospitality sector, committed to strengthening the recreational cannabis industry through a unique brand portfolio and trusted partnerships. The Company currently provides cannabis-friendly lodging and events at its two Bud and Breakfast locations. Reservations for both locations can be made online at www.budandbfast.com or by calling the following numbers. The Bud and Breakfast at The Adagio is located at 1430 Race Street, Denver, Colorado; phone 303-370-6911. The Bud and Breakfast at The Mountain Vista is located at 358 Lagoon Lane, Silverthorne, Colorado; phone 970-368-6757.

Corporate offices are located at 910 16th Street, Denver, CO 80202; phone 303-853-8603. For more information, please visit the Company’s websites at www.themaryjanegrp.com, www.adagiobb.com and www.budandbfast.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of The MaryJane Group, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are “forward looking statements” within the meaning of the federal securities laws. Statements regarding future acquisitions and business development, the upcoming name change approval and new trading symbol, and the business opportunity in the recreational marijuana industry in the future are forward-looking statements within the meaning of these laws. The forward looking statements are subject to a number of risks and uncertainties including market acceptance of the Company’s services and the Company’s continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

Contact:
The MaryJane Group, Inc.
Joel C. Schneider, 303-835-8603
President and CEO

|
Placement Dates: 03/05/15 – 05/05/15
|
Back To News/PR Index
|