Arizona's Governor Abandons Federal Lawsuit Blocking the Implementation of Medical Marijuana Dispensaries
Governor Orders Dispensary Process to Proceed
Jan 17, 2012, 07:15 ET
PHOENIX and DENVER, Jan. 17, 2012 /PRNewswire/ -- Altitude Organic Corporation, a division of Tranzbyte Corporation, ERBB (OTC:PK) announced today that Arizona Governor Jan Brewer officially announced late Friday afternoon that she will no longer pursue her federal lawsuit which, until Friday, was blocking the voter-approved medical marijuana act from proceeding. The Arizona Health Department had previously announced plans and guidelines to license 125 medical marijuana dispensaries throughout the State of Arizona. Those plans can now be implemented. For more information regarding the governor's decision and its effect, click the link below:
Dispensaries to Open in Arizona
Altitude Organic Corporation president Brian Cook stated, "We greatly thank Governor Brewer and her advisers for permitting the Arizona dispensary licensing process to proceed. This is a huge victory for needy patients throughout her state. Arizona should also experience tremendous economic benefits from licensed medical marijuana businesses including job creation, increased tax revenue, new state licensing revenue, commercial real estate use, and decreased enforcement budgets for state and local governments. Altitude Organix management will continue its efforts to solidify agreements with groups and entrepreneurs in Arizona looking to establish an experienced partner to help open their medical marijuana dispensaries. Potential partners or clients should contact our Phoenix office as soon as possible. Altitude Organix is well known for perfecting both growing and retailing strategies in multiple legal states. Altitude Organic management provides operators with proven turn-key commercial growing and retailing strategies. Partnering with us helps operators insure strict compliance with Arizona rules and laws. Our proprietary point-of-sale implementation not only can streamline dispensary operations but can track and guarantee adherence to state tax collection among Arizona dispensaries."
ABOUT ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California, and Arizona business support services, while also acting as a one-stop-shop for entrepreneurs seeking entry into the burgeoning, multi-billion dollar industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement. The company also sells horticulture equipment via its partnership in Sundance Hydroponics (www.sundancehydroponics.com/). Visit www.altitudeorganix.com/ today.
The Tranzbyte Corporation now becomes a driving force behind Altitude Organic Corporation. The company expects to continue its plan to acquire, hold, or spin out successful divisions in what has been described in previous news releases as "dividend farming," Companies that qualify and decide to become public on their own agree will agree to carve out shares for Tranzbyte and their ERBB shareholders.
Tranzbyte, which is also houses the company's 8-year-old technology division, is actively engaged in the sale of its optical media enhancement products to potential customers in the US and Asia . Products in the Tranzbyte division include FLASHAlbum™ and FlixStix™ -- technologies that enable distributors of optical media (CDs, DVDs, etc.) to consolidate the best features of each medium onto a single content-protected USB flash drive.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
Company and Contact:
Brian Cook, President
Altitude Organic Corporation
David G. Gwyther, President
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
SOURCE Altitude Organic Corporation
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