WESTMINSTER, Colo.,
Nov. 12, 2014 /PRNewswire/
-- Cannabis Kinetics Corp. (OTCQB: CANK) ("Cannabis Kinetics"
or the "Company") an emerging fully integrated cannabis management
company, is pleased to provide this update regarding the Company's
business development plans in light of recent pro-marijuana
legalization measures passed in Oregon, Alaska, and Washington, D.C.
Eric Hagen, CEO of Cannabis
Kinetics Corp., commented, "The legalization of medical and
recreational marijuana is like a wave that's sweeping across the
nation state by state. Last week this trend continued when
voters in Oregon, Alaska, and Washington, D.C., joined Washington state and Colorado to legalize recreational
marijuana. This has effectively increased the size of the
legal recreational marijuana market by over 40%, and opens the
doors for Cannabis Kinetics to potential opportunities and
expansion into these new markets."
Hagen continued, "Our planned strategy of establishing and
building Cannabis Kinetics, Monarch, and The Big Tomato into
nationally recognized brands will continue to ride this wave of
legalization. As each new state comes online and adopt new
laws legalizing marijuana, we as a company will look to see how
best to penetrate this new market with our products, services, and
retail outlets."
In addition to the recent passing of legislation in Oregon, Alaska, and Washington, D.C., pro-marijuana advocates
anticipate strong legalization initiatives on 2016 ballots in
numerous states, including California, Arizona, Maine, Massachusetts, and Nevada.
Hagen concluded, "Over the next few weeks, we plan to introduce
several exciting new garden and hydroponics products to our Monarch
brand that we feel have excellent wholesale and retail sales
potential in every state. Expanding our lineup with these new
high-demand products will increase our appeal as a complete
national brand developer and distributor and should translate into
immediate potential revenue for the Company."
Follow Cannabis Kinetics Corp. (OTCQB: CANK) on these popular
social media platforms.
Facebook: https://www.facebook.com/CannaKinetics
Twitter: https://twitter.com/CannaKinetics
LinkedIn:
http://www.linkedin.com/company/cannabis-kinetics-corporation
Google+: https://plus.google.com/+Cannabiskinetics/posts
Vimeo: https://vimeo.com/user31423572
Additional information regarding the Company can also be found
on its website at www.CannabisKinetics.com.
Cannabis Kinetics files reports with the Securities &
Exchange Commission on EDGAR and anticipates continuing to file
such reports. The Company's filings can be viewed at
www.sec.gov.
Contact:
Cannabis Kinetics Corp.
Toll-Free: (888) 668-2280
E-mail: media@CannabisKinetics.com
Website: www.CannabisKinetics.com
Cautionary Language Concerning Forward-Looking
Statements
Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as "anticipate", "believe",
"estimate", "expect", "intend", and similar expressions, as they
relate to the company or its management, identify forward-looking
statements. These statements are based on current
expectations, estimates and projections about the company's
business based, in part, on assumptions made by management.
These statements are not guarantees of future performance and
involve risks, uncertainties and assumptions that are difficult to
predict. Therefore, actual outcomes and results may, and
probably will, differ materially from what is expressed or
forecasted in such forward-looking statements due to numerous
factors, including those described above and those risks discussed
from time to time in Cannabis Kinetics Corp.'s filings with the
Securities & Exchange Commission. As a reporting issuer
with the Securities & Exchange Commission, Cannabis Kinetics
Corp. files Quarterly and Annual Reports and other documents on
EDGAR. We strongly urge all persons to read our filings at
www.sec.gov, which are publicly available, in conjunction with this
press release as we are in a highly regulated industry that
requires thorough research prior to making any decision regarding a
company, particularly an investment decision. In addition,
such statements could be affected by risks and uncertainties
related to Cannabis Kinetics Corp.'s (i) product demand, market and
customer acceptance of its equipment and other goods, (ii) ability
to obtain financing to expand its operations, (iii) ability to
attract qualified management representatives, (iv) competition,
pricing and development difficulties, (v) ability to fully
implement our business plan as a result of being a reporting issuer
with the Securities and Exchange Commission, and (vi) general
industry and market conditions and growth rates and general
economic conditions. Statements made herein are as of the
date of this press release and should not be relied upon as of any
subsequent date. The Company cautions readers not to place
undue reliance on such statements. Cannabis Kinetics Corp.
does not undertake, and specifically disclaims any obligation, to
update any forward-looking statements to reflect occurrences,
developments, unanticipated events or circumstances after the date
of such statement. Actual results may differ materially from
Cannabis Kinetics' expectations and estimates. Information on
Cannabis Kinetics Corp.'s website does not constitute a part of
this release.
SOURCE Cannabis Kinetics Corp.