Boston, MA -- February 12, 2018 -- InvestorsHub NewsWire -- Digital Utilities Ventures, Inc. (OTC:DUTV), an emerging seed to sale player in the growing legal cannabis marketplace, today makes an investor disclosure concerning current negotiations and provides its investors with an outline for future business direction.  Digital plans to specialize in the cannabidiol (CBD) marketplace via the offering of various products to both distributors and end customers. 

The Company is currently in negotiations to acquire, or to acquire rights to, several unique and patented CBD products.  These products are now market ready, which should negotiations be successful allow Digital to offer these products to the marketplace over the very short-term.

Pat Scorzelli, CEO of Digital commented, “While we are not making definitive relationship announcements at this time, we believe it is important, considering the uniqueness and the strong patent protection already awarded to these products, to inform our investors that these negotiations are currently in the very late stages.  There are certainly other CBD products out on the marketplace, but very few with strong intellectual property and patent protections – we plan a very different and unique product approach compared to the competition.  In this regard, we believe Digital can emerge as a fast-growing player in the booming legal cannabis sector.”

Based on the 2017 study by the National Academy of Sciences, titled: Health Effects of Cannabis and Cannabinoids: The Current State of Evidence and Recommendations for Research, there is conclusive evidence that cannabis or cannabinoids are effective for the treatment of chronic pain and produce other health benefits.  While THC is the cannabinoid that is psychoactive, there are many other cannabinoids, which are non-psychoactive.  The non-psychoactive cannabinoid is that is most often discussed is cannabidiol, which is normally referred to simply as CBD.  Many other studies have paralleled the findings in the National Academy of Sciences report.  Based on the Academy’s findings and those of many other researchers, it is very clear cannabinoids offer considerable human benefit with very few side effects.

Mr. Scorzelli continued, “Through my experiences in the development of cannabis cultivation facilities and dispensaries, and via my time spent in the cultivation and extraction arenas, I have become more confident than ever about the strong benefits of cannabidiol.  I hope to bring these experiences to this growing marketplace in a unique way by linking the cultivation and extraction sectors directly to several unique and patented consumer CDB products.  We plan to provide more details to Digital investors as soon as negotiations are completed.”

Digital’s management team also indicated that the company is not looking to do a reverse split now or in the future. “Whenever a company moves in a new direction, talk naturally turns to questions about a reverse split,” says Scorzelli. “We simply don’t feel it will be necessary with the plans we have for DUTV. As we move forward, it is our hope shareholders feel confident in their position with the company both now and in the long run.”
 
About Digital Utilities Ventures, Inc.
Digital Utilities Ventures has targeted the medical and recreational segments of the marijuana market. Our core product line is CBD and its medical derivatives and line extensions. CBD (Cannabidiol) - is a cannabis non-hallucinatory compound that has significant medical benefits for the treatment of a wide range of conditions such arthritis, diabetes, alcoholism, MS, chronic pain, schizophrenia, depression, antibiotic-resistant infections, epilepsy, opioids and other neurological disorders. By following the lead of industry innovators and trailblazers, such as Terra Tech Corp. (TRTC), Marijuana Company of America (MCOA), Sugarmade, Inc. (SGMD), and mCig, Inc. (MCIG), Digital Utilities Ventures, Inc. is poised to become an industry innovator by developing an end-to-end supply chain approach to the legal cannabis and hemp markets. The Company's strategy is to develop through acquisitions and business development a vertically integrated business model that covers the entire spectrum of the CBD business from cultivation, through production, quality control and finally to distribution through dispensaries.

Contact Info:
https://www.duventures.com
Phone: 617-588-0068
Email: info@duventures.com
 
 

Forward Looking Statements
This press release includes statements that may constitute ''forward-looking'' statements, usually containing the words ''believe,'' ''estimate,'' ''project,'' ''expect'' or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
 

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