WOODLAND HILLS, Calif., Dec. 17, 2014 /PRNewswire/ -- Aquarius Cannabis, a U.S.-based branding company in the medical and recreational marijuana industries, today announced that it filed its Registration Statement on Form S-1 with the Securities and Exchange Commission, clearing the way for a listing on the OTCQB in 2015.
Officially launched in October, Aquarius Cannabis seeks to create consistency and long-term consumer loyalty to its branded marijuana products. Earlier this year, Aquarius Cannabis announced its turnkey production solution, AquariusPODs, which are fully equipped, turnkey production units that will ensure that all of Aquarius-licensed growers operate using a consistent growing process in a consistent environment. In addition to the Company's flagship brand, Aquarius Cannabis plans to launch a portfolio of micro-brands in the medical and recreational marijuana markets in 2015.
"In early 2014, we set out to take Aquarius Cannabis public to offer transparency, liquidity and investment opportunities to those wanting to invest in the emerging marijuana industry. Filing this S-1 marks a big step forward in that process and a great way for us to close out the year," said Davis Lawyer, CEO of Aquarius Cannabis. "The public market for marijuana stocks is a great way for companies with legitimate revenue potential to build a strong shareholder base and Aquarius Cannabis is confident in its ability to do that."
"Furthermore, Aquarius Cannabis' unique business model allows the investor the chance to reap the financial rewards of the cannabis industry without investing in a company that directly violates the Federal Controlled Substances Act," continued Lawyer. "Marijuana is a nascent industry, and federal marijuana prohibition is still in effect today. We are looking forward to opening public investment into the unique Aquarius Cannabis branding model in this burgeoning market."
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Aquarius Cannabis has retained John Donaldson of Donaldson CPA as its controller, Cutler & Co. as its accounting firm and Szaferman | Lakind as its SEC counsel.
For more information about Aquarius Cannabis, please visit www.AquariusCannabis.com.
About Aquarius Cannabis
Aquarius Cannabis is a U.S.-based branding company in the medical and recreational marijuana industries. The Company's mission is to create access to consistent and exceptional marijuana products. What differentiates the Company from other players in the medical and recreational marijuana space is that Aquarius Cannabis is the first company to build a national marijuana branding program. Aquarius Cannabis does not produce or sell marijuana.
All information presented herein with respect to the existing business and the historical operating results of Aquarius Cannabis and estimates and projections as to future operations are based on materials prepared by the management of Aquarius Cannabis and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, Aquarius Cannabis makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, Aquarius Cannabis reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future.
This information includes certain statements, estimates and projections provided by Aquarius Cannabis with respect to its anticipated future performance. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results to be materially different from those contemplated by the forward-looking statements. Aquarius Cannabis undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.
SOURCE Aquarius Cannabis