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International Merchant Advisors Reaches Agreement in Principal to Acquire First Medical Marijuana Clinic Operations
Date:3/2/2010

KINGWOOD, Texas, March 2 /PRNewswire-FirstCall/ -- International Merchant Advisors, Inc. (PK: IMAI) www.imaiinc.com announced today that the company has reached an agreement in principal to acquire its first operating business in the clinical medical marijuana space. IMAI has agreed to acquire Organic Science, Inc. for $15 million in the restricted common stock of IMAI.  Organic Science, Inc. is in the business of managing medical marijuana operations and dispensaries. The purchase price is subject to the completion of a valuation opinion by an independent third party and may be adjusted upward or downward based on the valuation received.  IMAI intends to simultaneously pursue further acquisitions and licensing and development in a number of states where medical marijuana is legalized, and is allowed to be
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SOURCE International Merchant Advisors, Inc.
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