INDIANAPOLIS, IN–(Marketwired – Jun 10, 2014) – Union Equity, Inc. (OTC Pink: UNQT) (PINKSHEETS: UNQT), is pleased to announce shareholder updates.
Due to the abundant of inquiries on the status of Union Equity Inc. being involved in the medical marijuana business received by CEO, JT Thornburg, the Board of Directors and Mr. Thornburg have decided to move forward with this business opportunity. As stated in an earlier Press Release, Union Equity Inc. is still doing research in the U.S. to proceed forward with this idea. However, Union Equity Inc. has recently leased office space in Toronto, Canada for the primary purpose of launching its efforts to be licensed by the Canadian federal government. Mr. Thornburg states, “Union Equity Investments Inc. is currently working to retain the law firm of Baker and McKenzie to help in the legal process.”
All necessary filings have been completed for the acquisition of Bio-Medical Inc. The acquisition will be completed upon receiving the final documentation from the State of Montana.
“With the addition of Bio-Medical Inc.,” Mr. Thornburg states, “I am mindful of what is going on in the U.S., and I am looking forward to the day that the U.S. government makes it legal to grow, cultivate, and sell medical marijuana.” Until this happens, Union Equity Inc. will continue to pursue its efforts in Canada, as well as other countries.