The Company is targeting a leadership role in product manufacturing and wholesale distribution in the legal cannabis marketplace in
“The industry has effectively over-verticalized and there’s rampant inefficiency that drives value destruction for smaller producers and for the whole retail side of the equation,” noted
Management notes that
Wong added, “There’s an enormous opportunity here to disrupt the big vertically integrated operations and bring in the smaller producers on an even playing field, which stands to offer huge value to retailers and consumers at the same time.”
In line with this vision, the Company is currently negotiating an exclusive licensing deal with a premier cannabis vape line that includes the former sales team of one of the most successful brands in the cannabis market. Additional details will be announced very soon.
“We also want to express our sense of urgency about getting caught up on every level now that things are moving,” concluded Wong, “To that end, we are working actively with our accountants to complete and file outstanding financials in the most timely manner possible. We have also engaged with OTCmarkets.com as we work to update our corporate information and online presence quickly and comprehensively.”
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Forward Looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to, economic conditions, changes in the laws or regulations, demand for products and services of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
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