CHICAGO, July 23, 2014 (GLOBE NEWSWIRE) -- ID Global Corp. (OTC:IDGC) is pleased to announce that it has signed a Letter of Intent (LOI) today to begin the due diligence process with an established Medical Marijuana grower in Vancouver BC, Canada. The company has been growing Medical Marijuana for 5 years. They currently own and operate multiple grow operations throughout British Columbia. They have production capabilities to service thousands of clients with the ability to expand rapidly. Management's knowledge and expertise in the Marijuana industry has shown steady growth in their operations since inception. Due to the covenants of the LOI the company's name cannot be released until the due diligence period is complete.
Sebastien DuFort, president and CEO stated "We have been carefully seeking a way to enter the industry. With legalization happening in multiple markets we wanted to partner with an established outfit to be part of this huge opportunity. The slated growth for Medical Marijuana is enormous and we feel this would position IDGC to become an industry leader."
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, minority positions as well controlling interests in established companies and special situation start-ups.
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of ID Global Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
ID Global Corporation Attn: Sebastien DuFort 230 W. Monroe St., Ste. 310 Chicago, Illinois 60606 6305323625