December 20, 2010

General Cannabis Inc. Acquires Revyv, LLC and 11th Medical Marijuana Clinic

December 20, 2010
General Cannabis Inc

Today, General Cannabis, Inc., formerly LC Luxuries Limited, announces it has entered into a management agreement to manage its 11th marijuana medicine evaluation clinic in Victorville, CA. The 10 other clinics that General Cannabis manages are located throughout California. The ongoing expansion of clinic management is in step with the company’s long term goal of managing or owning at least 20 clinics by year end 2011.

Also, General Cannabis is moving forward with its acquisition of substantially all the assets of Revyv, LLC. Revyv, LLC is a marketing company that specializes in the healthcare arena. The acquisition also includes a verification system used by dispensaries and law enforcement officials to verify a medical marijuana patient’s status. Management believes the acquisition should be completed no later than December 31, 2010. The acquisition will increase the company’s healthcare marketing capabilities throughout states in which General Cannabis does not yet have a healthcare presence.

“We’re continuing to build on our healthcare model and Revyv is another important acquisition which will assist us in reaching our goals,” General Cannabis, Inc. President Douglas Francis stated. “We’re very excited to incorporate the talent and expertise of Revyv’s management team, and hope to be fully integrated by the middle of January.”

“The recent acquisition of Synergistic Resources’ business which now includes the management of eleven medical marijuana healthcare facilities combined with the outstanding marketing that’s been demonstrated by Revyv is a great recipe for solid, consistent growth,” stated General Cannabis, Inc. CEO James Pakulis.


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