QualityStocksNewsBreaks – ECGI Holdings Inc. (ECGI) Announces Creation of New Subsidiary, Plans to Enter Cannabis Delivery Business
ECGI Holdings (OTC: ECGI), which plans to operate as Elite Cannabis Group and has been reorganized as an acquisition-oriented corporation with California-based targets of distressed cannabis assets, properties zoned for cannabis cultivation and processing, today announced its second agreement within the fast-growing California regulated cannabis market. According to the update, the company has signed a definitive management services agreement to enter the cannabis delivery business in conjunction with a California cannabis license holder operating out of Lynwood, California. ECGI created Nug Avenue Inc., a wholly owned subsidiary that will hold the contract with the licensed party. “We are continuing to…
