UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): June 9, 2014
BLUE LINE PROTECTION GROUP, INC.
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(Exact name of Registrant as specified in its charter)
Nevada 000-52942 20-5543728
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
1350 Independence St.
Denver, CO 80215
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code:
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(Former name or former address if changed since last report)
Check appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-14(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On June 9, 2014 the Company issued a press release announcing that it has
entered into Letters of Intent with applicants of medical marijuana dispensaries
in Clark County, Nevada to provide security, compliance and transportation
services upon their license approval.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Number Description
99.1 Press Release dated June 9, 2014.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: June 9, 2014
BLUE LINE PROTECTION GROUP, INC.
By: /s/ Sean Campbell
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Sean Campbell, Chief Executive Officer
Blue Line 8-K Item 8.01 Press Release re LOIs 6-9-14
EXHIBIT 99.1
BLUE LINE PROTECTION GROUP ANNOUNCES LOI's WITH FIVE NEW MEDICAL MARIJUANA
DISPENSARIES IN NEVADA
Company will Provide Security, Compliance and Transportation Services to Five
Medical Marijuana Dispensaries that will Receive Licenses to Begin Operations
Later this Year
TYSONS CORNER, VA - June 9, 2014, Blue Line Protection Group (OTCBB: EGRVD)
(OTCQB: EGRVD), a leading provider of security, compliance and logistics
management for the legal cannabis industry, today announced that the Company has
entered into Letters of Intent (LOI) with five medical marijuana dispensaries in
Clark County, Nevada to provide security, compliance and transportation services
upon their license approval.
These five dispensarie belong to a group of 18 companies recommended by Clark
County to the state as the best candidates to open medical marijuana
dispensaries following a three day hearing held by commissioners that ended on
Friday, June 6, 2014.
Additionally, Blue Line Protection Group expects to sign LOI's with an
additional seven dispensaries that were endorsed by Clark County in the coming
weeks, in which case the Company would provide security, compliance and
transportation services for a full two thirds of all the dispensaries initially
approved to sell medical marijuana in Nevada.
The state is expected to issue final license approval for these dispensaries
late this summer, according to a recent news story by Channel 3 News Las Vegas.
Nevada requires that any entity applying for a license to open a medical
marijuana dispensary provide proof of procedures to ensure adequate security and
planning for its product, building and transportation, all services, which Blue
Line Protection Group currently provides to 52 dispensaries in the state of
Colorado.
Each of the newly endorsed dispensaries that the Company will work with has
signed an LOI to utilize the Company's services for one year. Blue Line is
scheduled to begin providing services for some of these new clients beginning
next month.
Clark County is home to Las Vegas, which hosts over 57 million visitors each
year. Nevada's laws will allow holders of medical licenses from other states to
legally purchase marijuana. Additionally, dispensaries will allow non-residents
of Nevada who are visiting to obtain a medical card to legally purchase medical
marijuana.
As a result, the legal cannabis industry is expected to generate tremendous
revenues, which could benefit not only dispensaries but also stimulate the local
economy and provide tax revenue for the state. A recent article by Marijuana
Business Daily claims that "Marijuana Could Become Nevada's Top Cash Crop."
Sean Campbell, CEO of Blue Line Protection Group, commented, "Clark County's
recent license approval for five medical marijuana dispensaries that will
utilize Blue Line represents a significant milestone for the Company for several
reasons.
"Blue Line expects to generate considerable revenue from these security and
compliance contracts upon their final execution, increasing shareholder value.
Additionally, the fact that on the first day these licenses were issued at the
county level, one third of the eighteen approved dispensaries have chosen to
work with Blue Line further establishes our company as the clear leader in armed
protection, asset management and transportation logistics for the legal
marijuana industry nationwide."
"Prior to their being granted county licenses, these dispensaries chose Blue
Line to provide comprehensive security and compliance services because of our
success and expertise in this field in the states of Colorado and Washington.
The Company anticipates entering LOI's with seven more of these dispensaries in
the very near future."
"We are very confident that the Company will expand its client base in Nevada as
the state's medical marijuana industry continues its growth. Blue Line
Protection Group truly providesthe only "Seed to Sale" provider of vertically
integrated solutions that span from initial business licensing to cash vaulting
and financial solutions and everything in between for legal cannabis grow
operations and dispensaries."
About Blue Line Protection Group, Inc.
Blue Line Protection Group provides armed protection, asset management,
logistics, and compliance services for businesses engaged in the legal cannabis
industry. The Company's security personnel are highly trained professionals with
significant experience in the U.S.
Armed Forces, Special Forces, Central Intelligence Agency, and law enforcement.
Blue Line provides top-tier asset protection from "seed to sale," currently
serving marijuana dispensaries in Colorado with operations in Washington and
Nevada.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain
assumptions and reflects management's current expectations. These
forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results or events to differ materially from current
expectations. Some of these factors include: general global economic conditions;
general industry and market conditions, sector changes and growth rates;
uncertainty as to whether our strategies and business plans will yield the
expected benefits; increasing competition; availability and cost of capital; the
ability to identify and develop and achieve commercial success; the level of
expenditures necessary to maintain and improve the quality of services; changes
in the economy; changes in laws and regulations, including codes and standards,
intellectual property rights, and tax matters; or other matters not anticipated;
our ability to secure and maintain strategic relationships and distribution
agreements. The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new information,
future events or otherwise.
Contact:
Seal Point Consulting
888-959-7095
ir@sealpointconsulting.com