KINGWOOD, Texas, May 10, 2010 /PRNewswire via COMTEX/ -- International Merchant Advisors, Inc. (Pink Sheets: IMAI) www.imaiinc.com announced today that the company's client, Healing Arts Cooperative Medical Marijuana is opening a new location in San Diego. IMAI has previously signed a management agreement to operate all of the Healing Arts Cooperative Medical Marijuana dispensaries and to operate the cooperative as the manager of the facility on behalf of its non profit owners. Healing Arts is a cash flow generating non profit, fulfilling the needs of medical marijuana patients in California and planning further expansion in the state.
Organic Science CEO John Flinn said, "IMAI is swiftly becoming a leading medical marijuana clinic manager and future owner of non profit facilities in California and in for profit centers in other states. IMAI is generating actual revenues today from the operations of clinics and our 24-36 month plan is to see revenues that exceed $10,000,000 from facilities under management today, future acquisitions or new clinics projected for opening and operation." About International Merchant Advisors, Inc.
International Merchant Advisors, Inc. (IMAI) www.imaiinc.com is an international business banker and builder of companies focused on the development of Wellness Centers and Medical Marijuana clinics as a natural alternative for individuals suffering from chronic pain. IMAI intends to bring professional systems and controls to this highly fragmented mom and pop business, with medical supervision and legal compliance standards designed to raise the performance bar for those entering this highly regulated business segment. The company will acquire existing businesses, license and develop new clinics, and will act as an operations manager for non profit entities that dispense medical marijuana.
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SOURCE International Merchant Advisors, Inc.
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