 Old Bethpage, New York, June 11, 2021 GLOBE NEWSWIRE -- Millennium Investment Acquisition Co. Inc. US-OTC: MILC MILC or the Company today announced that it has agreed to invest in a newly formed cannabis operator - VinCann LLC VC. As part of the transaction, MILC has agreed to invest 750,000. The investment will take the form of a preferred equity interest that receives a full return of invested capital plus a preferred return of 12.5 after which MILC has a 77.5 ownership stake. The remaining subordinated ownership will be held by the management team of VC. 