WESTMINSTER, Colo., Dec. 19, 2014 /PRNewswire/ -- Monarch America Inc. (OTCQB: CANK) ("Monarch America" or the "Company") (f/k/a Cannabis Kinetics Corp.) is pleased to provide this review of the Company's recent achievements and strategic outline for continued growth in 2015.
"Over this past year, we achieved many of our early stage corporate goals and I am extremely proud to say that Monarch America is in a stronger and more diversified position today than it has ever been," stated Eric Hagen, CEO of Monarch America Inc. "During the year, in addition to witnessing the incredible growth of the state legal cannabis sector across the United States, we successfully became a publicly traded company, launched the Monarch America national brand of products, established an import and distribution business for high demand coco coir growing medium in Colorado, and changed our name to better reflect our brand and expanded business model."
Hagen continued, "But the most significant milestones during the past year have been our agreement to acquire the multi-million dollar The Big Tomato hydroponics and indoor garden supply business, and our ability to attract over $1.9 million in new capital commitments. Both of these achievements have positioned Monarch America for continued growth and expansion potential beyond our original cannabis focused business model.
"Our strategy for 2015 is designed to take Monarch America, the company and the brand, to the next level. This includes establishing new The Big Tomato locations in select markets across the country, building scale to our coco coir operation, launching new products under the Monarch America brand, and leveraging our extensive industry knowledge and expertise through consulting with other businesses. We anticipate making significant progress on all these fronts in the near future."
Hagen concluded, "I would like to take this opportunity to personally thank the entire Monarch America team, our partners, our customers, and our incredible investors and shareholders for making 2014 so successful. Without their continued support this would not have been possible. I look forward to even more success in 2015 and beyond."
Monarch America Inc. (f/k/a Cannabis Kinetics Corp.) 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.
Additional information regarding the Company can also be found on its website at www.MonarchAmerica.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 Monarch America Inc.'s (f/k/a Cannabis Kinetics Corp.) filings with the Securities & Exchange Commission. As a reporting issuer with the Securities & Exchange Commission, Monarch America Inc. 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 Monarch America Inc.'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. Monarch America Inc. 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 Monarch America Inc. expectations and estimates. Information on Monarch America Inc.'s website does not constitute a part of this release.
SOURCE Monarch America Inc.