09:37 AM EST - Allied Corp. : Allied’s wholly owned subsidiary Tactical Relief, LLC has signed a 25-year land lease in the Las Vegas area. This land has ample space to install Allied’s building and further space for future expansion. Allied has completed the construction of an approximate $3.5 million, 9,000 square foot, GMP-complaint facility that is ready to be deployed from the Las Vegas construction factory to this land location. In addition to this, Allied’s wholly owned subsidiary, Allied US Products LLC, a Nevada limited liability company has entered into an asset purchase agreement for the purchase of a Nevada State US-based cannabis license. As Nevada is not issuing any new licenses this asset is a key piece of Allied’s business plan and International Vertically Integrated Supply Chain. Lastly, Allied US Products LLC, has signed a master services agreement with a Nevada registered company that has the required licenses to operate the facility and will manage all activities that involve touching the plant. This includes all activities and actions needed to operate and manage the facility and equipment, as well as, perform all cannabis cultivation, production, sales and distribution activities. Allied Corp has sought expert legal opinion regarding corporate structuring in order to structure these agreements such that Allied Corp, as a publicly traded company, will not directly engage in any activities that involve touching the plant. Allied Corp.
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