The Note holder was so impressed by the Las Vegas Lab, and more so by the amount of growers that have committed to exclusively test with Pazoo, Inc subsidiary MA & Associates, LLC, that he was comfortable to be paid back from the revenue and earnings that will be generated from the Lab. In fact, based on the commitments from growers, Pazoo management is confident that the lab will be at least break even within the first 30 days of operation, and will quickly transition to profitability.
Pazoo had made the decision to hold off on fully staffing the facility and having it fully operational until there would be enough grow to sustain operations. Several growers that we have commitments with have kept Pazoo updated and expect their first grow to be ready in December for testing. By waiting to open until this larger amount of grow was ready has saved MA and Associates a substantial amount of operational losses from occurring as the amount of grow currently available in Nevada cannot support any testing operation currently.
Pazoo expects to have the Colorado testing facility to officially be under the control of Harris Lee Colorado, LLC on or about October 14 and have the Las Vegas Facility operational and testing product in the latter part of the 4th quarter.
David Cunic, CEO, states, “The moment is finally upon us. This is going to be an watershed 4thquarter for Pazoo and hoping for an explosive 1st quarter of 2016. We are very excited for the ownership transition in Colorado. We have several growers in Colorado that are just waiting for Harris Lee Colorado, LLC to take over so they can begin testing with Harris Lee Colorado, LLC. Everyone can just feel the momentum and it has energized the team to see what’s in front of us.”
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as Pazoo, Inc. or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statement.
ABOUT PAZOO Inc.
Pazoo, Inc., is a company focused on health, wellness and safety. Our focus is to provide best-in-class laboratory testing of cannabis and cannabinoids to protect consumers from impurities, contaminants and other irregularities. Through our wholly-owned subsidiary, Harris Lee, and our partnership with MA & Associates, Pazoo provides industry-leading laboratory testing of cannabis. Harris Lee’s and MA’s license agreements with Steep Hill Labs, Inc. allows the Pazoo subsidiaries to use Steep Hill’s top-rated testing protocols in select markets as we expand throughout the USA. Pazoo’s subsidiaries are currently working to test cannabis in Nevada, Oregon and Colorado, with other states to come. Additionally, Pazoo delivers a comprehensive array of health and wellness information on its website www.pazoo.com.
To view the original version on PR Newswire, visit:https://www.prnewswire.com/news-releases/pazoo-inc-receives-200000-loan-to-make-las-vegas-testing-lab-fully-operational-in-november-of-this-year-300148401.html
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