Café Serendipity Holdings, Inc. announced that it has signed its fourth agreement for the branding of a medical marijuana dispensary in Lake Elsinore, California. The store will use brand and market proprietary products under the terms of the licensing agreement. The store is projected to produce revenues in excess of $1,000 per square foot.

The company is scheduled to begin to receive its monthly license fees beginning July 1, 2015. The store will benefit from brand name, systems, technology, products and growing network of vendors and growers.