Marijuana Sector Stabilizes as Industry Pioneers Forge Ahead - Company Secures Foundation by Acquiring National Security Firm for Cannabis Dispensary Facilities
CORAL SPRINGS, Florida, April 8, 2014 /PRNewswire/ --
A report on acquisitions, joint ventures and developments in the active Marijuana industry as companies continue to ramp up operations: The CannaBusiness Group, Inc. (OTC: CBGI), Medical Marijuana, Inc. (OTC: MJNA), Growlife, Inc. (OTCBB: PHOT), Hemp, Inc. (OTC: HEMP) and Tranzbyte Corporation (OTC: ERBB)
The CannaBusiness Group, Inc (OTC Pink: CBGI) announced today that it has acquired an ownership in whose objective is independent security advice and implementation. Our security consultants specialize in security risk management, security optimization, and security design & engineering. Our goal is to develop solutions that protect your bottom line from preventable losses. The acquisition of ownership, consisting of restricted common shares and funding will be provided to hire sales staff, update marketing materials, increase customer base and attend upcoming trade shows in the dispensary and grow operation industry. NSS will focus primarily on the marijuana dispensaries and grow operations with the following plan: The Dispensary Security Plan is essential to show regulators how you the owner plan to protect your equipment, inventory, products, and more importantly, your employees. There are added security challenges that medical marijuana dispensaries and grow operations face, so this Dispensary Security Plan considers many policies, procedures, and systems that provide sufficient protection.
To read the full press release, please click here: http://www.fnmprofiles.com/profiles-cbgi.html
CBGI announces there are two main sections in The Dispensary Security Plan: Facility Security and Operational Security. Both categories are designed to minimize security exposure and prevent breaches before they even occur. However, in the event that preventative measures fail, the Operational Security Plan is designed to quickly observe, monitor, protect, counter and report any situations that do occur.
Medical Marijuana, Inc. (OTC Pink: MJNA) recently announced it completed the joint venture with LiveWire Ergogenics, Inc. (OTCQB: LVVV) under the name of HempWire, LLC ("HempWire"). The joint venture agreement stipulates that Medical Marijuana Inc. and LiveWire Ergogenics ("LiveWire") will equally split the net profits (50/50) from all cannabidiol (CBD)-rich hemp oil functional food sales distributed through HempWire. Market research indicates that the worldwide market for functional food is valued at $221.58bn in 2014. "Both companies are excited about the partnership," states Michelle Sides, Chief Operating Officer of Medical Marijuana Inc. "We chose LiveWire as an established manufacturer that can provide our customers with the same consistency and quality that they have come to expect from our company. To start, HempWire will bring the first-ever CBD-rich hemp oil energy square chew to the market, with more products to come."
Growlife, Inc. (OTCBB: PHOT) a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, announced it has been selected by Kyle Kushman and his companies to handle national distribution of the VegaMatrix line of nutrients and supplements. The VegaMatrix product line, particularly the organic formulations for which Kyle Kushman is world renowned, have contributed to a remarkable 18 different Cannabis Cup awards over the last several years. "Our partnership brings together two leaders in the legal cannabis industry to support organic growers in clean crop production and maximum yields," stated Sterling C. Scott, Chairman and CEO of GrowLife, Inc. "We share with Kyle Kushman a commitment to quality, organics and customer service that set the standard for the industry. Time and again, VegaMatrix products have proven best in class, as evidenced by the top industry awards and accolades from its loyal following of early stage customers. GrowLife is proud to be selected as the exclusive U.S. distributor, and is encouraged by the strong industry support for the VegaMatrix product line."
Hemp, Inc. (OTC Pink: HEMP) recently announced that the Financial Industry Regulatory Authority (FINRA) has approved the dividend payment to Hemp, Inc. common shareholders for the spin-off of Hemp, Inc. subsidiary, BioSwan, Inc. assets. All Hemp, Inc. shareholders of record, owning common stock, as of closing on January 13, 2014, are entitled to the dividend distribution. The dividend of BioAdaptives, Inc. common stock equates to one (1) share of BioAdaptives for every nine hundred twenty three (923) common shares of HEMP, Inc. held. According to executives, electronic shares of BioAdaptives, Inc. will be added to shareholder accounts if their Hemp, Inc. shares are currently held electronically. A paper certificate will be issued to shareholders who currently hold their Hemp, Inc. common shares in the form of a paper certificate. While BioAdaptives, Inc. has been approved by the Depository Trust and Clearing Company (DTCC) for electronic processing, the company is still awaiting a ticker symbol from FINRA. While a definite date can not be ascertained, company executives expect completion of the final step, of the ticker symbol issuance from FINRA, to be soon.
Tranzbyte Corporation (OTC Pink: ERBB) recently announced the arrival of American GreenZine (http://www.americangreenzine.com) as the masthead of the network it envisions tying together the industry, from the grower to the consumer, from seed to sale AND use. The online magazine, powered by Sociative (http://www.sociative.net), a content discovery platform, uses the real-time web activity of topical influencers to surface the best content on any subject. We will be celebrating the birth of the American GreenZine publication on Friday, April 4th at 8:20am (EDT). "With every passing day more news and articles come out about this industry, but they are located in 1000 or more different places, and many of the stories are musings by pundits who may know much or nothing at all about the industry. By aggregating and organizing the information, we provide a portal through which people can get all the news they want and filter it on their own," comments David Gwyther, Tranzbyte's president.
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