SK3 Group, Inc. has made a title to the recent news by the announcement of its acquisition of Medical Cannabis Company, which triggered the stocks in preceding trading sessions. SKTO declared its acquisition on 11th March, in Medical Greens™ which currently engages in the provision of licensing, management and logistic services for Medical Marijuana communes all over California.
Medical Green™ has contracted in licensing and service agreements worth more than $12.5 million in 2013 only. SKTO also announced that the emphasis of its business has changed and medical marijuana space is entirely its center of attention.
The licensing expert and former Executive of King World Productions, Kevin Allyn, has been appointed as chairman of Board of Directors by SKTO, which was announced on 13th of March. CEO of SK3, A. Mayor remarked about the extensiveness of Kevin Allyn's experience as a senior executive and tycoon in entertainment, television, film, music, sports, licensing and talent management.
He also talked about Mr. Allyn formerly presiding one of the leading television companies King World Productions and also mentioned of him being an advisor to a number of both private and worth multi billion public companies. And he concluded by saying, "Mr. Allyn's legendary list of contacts, his ability to innovate and his management expertise allow us to form a team that can scale effectively into this lucrative market."
The company has been illiquid trading at $0.0002 in a short while and is not comparable, which sets thoughtfulness for investors, as for now it seems SKTO making explosive moves but that may be temporary.
For more information and insights on SK3 Group Inc please click here: SKTO
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.