U.S. health and wellness company Pazoo Inc. disclosed Dec. 5 that it has obtained the funding needed to start operations of MA & Associates LLC, a cannabis testing laboratory in Las Vegas.
Pazoo reached an agreement under which it will retain a 30% interest in the lab while injecting the final projected amount into the business to let it open its doors and begin generating revenue. The company has added a lab director and compliance officer to its staff in compliance with testing and procedural requirements set by the state of Nevada.
The company added that the transaction retires over US$1 million in debt, which was part of the purchase price for the sale of 70% of the membership interest in MA & Associates.
The Las Vegas facility is projected to open in the first quarter of 2018.
