December 17, 2014

iMD Acquires Freedom Seed and Feed, First Federally Permitted Hemp Seed and Fiber Farm in the United States

Digital Journal
iMD Companies, Inc. (OTC:ICBU) is extremely excited to announce that it has acquired Freedom Seed and Feed, LLC of Lexington, KY., the first federally permitted hemp seed and fiber farm in the United States.

In accordance with the terms of the agreement, iMD has made the first $50,000 cash payment to Freedom Seed and Feed (FSF).  The purchase agreement also includes the subsidiary companies Freedom Seed & Feed, Healing Ground Farms, and Freedom Hemp. iMD will also make additional cash and securities payments for a total purchase price of $1.9 million for the acquisition.

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