Cannabis Kinetics Targets New Market Opportunities Following Oregon, Alaska, and Washington, D.C. Marijuana Legalization Votes
WESTMINSTER, Colo., Nov. 12, 2014 /PRNewswire/ -- Cannabis Kinetics Corp. (OTCQB: CANK) ("Cannabis Kinetics" or the "Company") an emerging fully integrated cannabis management company, is pleased to provide this update regarding the Company's business development plans in light of recent pro-marijuana legalization measures passed in Oregon, Alaska, and Washington, D.C.
Eric Hagen, CEO of Cannabis Kinetics Corp., commented, "The legalization of medical and recreational marijuana is like a wave that's sweeping across the nation state by state. Last week this trend continued when voters in Oregon, Alaska, and Washington, D.C., joined Washington state and Colorado to legalize recreational marijuana. This has effectively increased the size of the legal recreational marijuana market by over 40%, and opens the doors for Cannabis Kinetics to potential opportunities and expansion into these new markets."
Hagen continued, "Our planned strategy of establishing and building Cannabis Kinetics, Monarch, and The Big Tomato into nationally recognized brands will continue to ride this wave of legalization. As each new state comes online and adopt new laws legalizing marijuana, we as a company will look to see how best to penetrate this new market with our products, services, and retail outlets."
In addition to the recent passing of legislation in Oregon, Alaska, and Washington, D.C., pro-marijuana advocates anticipate strong legalization initiatives on 2016 ballots in numerous states, including California, Arizona, Maine, Massachusetts, and Nevada.
Hagen concluded, "Over the next few weeks, we plan to introduce several exciting new garden and hydroponics products to our Monarch brand that we feel have excellent wholesale and retail sales potential in every state. Expanding our lineup with these new high-demand products will increase our appeal as a complete national brand developer and distributor and should translate into immediate potential revenue for the Company."
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Additional information regarding the Company can also be found on its website at www.CannabisKinetics.com.
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.
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. 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.
SOURCE Cannabis Kinetics Corp.
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