Cannabis Kinetics Corp. Provides Additional Information Regarding The Big Tomato Acquisition and Expansion Strategy
WESTMINSTER, Colo., Oct. 23, 2014 /PRNewswire/ -- Cannabis Kinetics Corp. (OTCQB: CANK) ("Cannabis Kinetics" or the "Company") an emerging fully integrated cannabis management company, is pleased to provide additional information regarding its recently announced acquisition of The Big Tomato, an established Denver area store, warehouse distribution facility, and online hydroponics and indoor garden supplier.
"The acquisition of The Big Tomato hydroponics and indoor garden supply assets will give us a strong established business and brand foothold in a booming local industry that we envision can be leveraged as demand and access to legal marijuana and related products spreads across the country," stated Eric Hagen, CEO of Cannabis Kinetics Corp. "Like Cannabis Kinetics, The Big Tomato's equipment and supply business model doesn't include any actual growing, buying, or selling of marijuana, and so the business model and brand can easily and legally be expanded across state borders. This potential distribution network across multiple states will give Cannabis Kinetics significant advantages when marketing its own Monarch brand products like our Coco Coir that is currently in production and ready to be shipped in the very near future. It will also position Big Tomato's industry experts at the center of every marijuana friendly jurisdiction."
Hagen concluded, "The Big Tomato situation in Colorado is in many ways very similar to the equipment and supply businesses that served the prospectors and mining companies during the California Gold Rush in the 1800's. Now we are in the early stages of a 'Green Rush' that's building across North America and I have no doubt that well-managed equipment suppliers and industry experts like The Big Tomato can still establish themselves as leaders in the emerging legal marijuana industry. I look forward to announcing further news about our plans for The Big Tomato and our Monarch brand in the near future."
About The Big Tomato
The Big Tomato is leading supplier of hydroponics & indoor gardening supplies for Denver, Colorado and the surrounding communities since May of 2001. The Big Tomato provides thousands of indoor gardeners and commercial growers with top quality hydroponic supplies at the best prices. Every one of our sales staff members is an experienced grower that is happy to help service your needs and answer any questions that you might have. We sell various types of products to include indoor gardening products, grow boxes, grow lights, hydroponic systems, ballasts, bulbs, nutrients and additives, and other high end hydroponic and gardening items. The website storefront, www.TheBigTomato.com was created for the discriminating indoor gardener who is looking for reliable gardening help and customer service while at the same time enjoying the great savings on the products they want to purchase. The Big Tomato website is supported by a brick-and-mortar store and an additional warehouse location for large commercial orders located in Aurora, Colorado.
About Cannabis Kinetics Corp. (CANK)
Cannabis Kinetics is a fully integrated cannabis management company with an office location in the Westminster suburb of Denver, Colorado. Founded and managed by experienced marijuana industry professionals, the Company has targeted various opportunities in the Colorado marijuana marketplace with a focus on the management of recreational and medical marijuana retail dispensaries, the management of licensed marijuana cultivation facilities, production and distribution of hemp and marijuana infused food & beverage and ancillary products. Additionally, the Company will provide management of retail and wholesale operations for grow stores and intends to pursue additional business opportunities within manufacturing, equipment leasing, real estate, product licensing and distribution, and other strategic acquisitions. Cannabis Kinetics anticipates expanding this business model into other select marijuana friendly states.
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.
Additional information regarding the Company can also be found on its website at www.CannabisKinetics.com.
Contact:
Cannabis Kinetics Corp.
Toll-Free: (888) 668-2280
E-mail: [email protected]
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, including whether Cannabis Kinetics Corp. will have the necessary funds to close on the transaction described in this press release, which it does not have as of the date of this press release. 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.
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SOURCE Cannabis Kinetics Corp.
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