Company Overview

Company name: Sun Valley Certification Clinics
Description: Operator of medical marijuana clinics in the United States. The company operates a network of professional medical cannabis, pain management practices and a fully developed franchise business model, enabling customers to to legally obtain a medical marijuana card.
Year founded: 2013
Parent company:
Industry: Healthcare | Group: | Code:
Website: www.svmmjcc.com
Employees: 52
City: Las Vegas
State: Nevada
Country: United States
Region: Americas

Financial Highlights

Start up capital raised (USD Million):
Business status: Generating Revenue
Ownership: Privately Held (no backing)
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Financing Status: The company reached a definitive agreement to be acquired by Empower Clinics for $3.775 million on January 28, 2019. Under the proposed terms, Empower Clinics will pay $625,000 USD cash at closing and a $150,000 USD performance holdback. In addition, Empower Clinics will issue common shares having an aggregate value of $1,000,000 USD, and, subject to the satisfaction of defined performance metrics, additional shares having an aggregate value of $2,000,000 USD, which will vest in quarterly installments over 36 months following the closing. The acquisition of the company is expected to change the direction and growth prospects for Empower Clinics and begin to reposition itself as a vertically integrated global health and wellness company, helping consumers access products and specialized medical care for serious qualifying conditions. The company is being actively tracked by Cannapany.
Number of active investors:
Profile last updated: 2/20/19
Last known valuation: 3.78
Last known valuation date: 1/28/19