DC Brands Plans to Provide Laboratory Testing Services to the Colorado Marijuana Industry
DENVER, April 22, 2014 /PRNewswire/ -- DC Brands International, Inc. (OTCQB: HRDN) ("DC Brands" or the "Company") is excited to announce that it is currently pursuing acquisition opportunities for the purpose of adding laboratory testing capabilities to its suite of services aimed at the rapidly expanding Colorado marijuana industry. It is expected that these lab services will have the capability to test all marijuana plant and derivative products, including edibles, waxes and oils, to determine the amount of THC and other elements in each sample. Recent national news reports have raised public concern over the level of THC found in edible marijuana products and whether two recent fatal incidents in Colorado were related to the use of such products. Colorado currently has no legal limit on THC content for medical marijuana edibles, but the Company anticipates that this will be changing in the near future.
Bob Armstrong, DC Brands' CEO and CFO stated, "We believe that the recent tragedies in Colorado related to the edibles market highlight the need for testing to ensure proper disclosure and consistency of THC levels in these products. We are currently in negotiations with a prominent Denver-based chemist to set up a laboratory for testing marijuana products and feel strongly that as this industry matures the need for accurate independent testing will be in high demand by growers and providers alike."
About DC Brands International, Inc.
DC Brands International, a publicly traded company under the ticker symbol (HRDN), formerly specialized in the manufacturing of its functional beverages and health products. The company also has a minority equity stake in Village Tea Company Distribution as well as a product development agreement for ready-to-drink tea based beverages. On April 4, 2014, the company announced that it intended to become a service provider to fully licensed Colorado medical and recreational marijuana businesses.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements are based on current expectations, estimates and projections made by management and include statements regarding the company's new corporate focus and future plans. All forward-looking statements in this press release are made as of the date of this press release, and the Company assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements, such as our ability to implement successfully our new corporate plan, attract clients and necessary capital, and the continued rapid growth of the local Colorado marijuana industry, and the risk factors discussed in the Business and Management's Discussion and Analysis sections in our Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
(720) 281-7143
SOURCE DC Brands International, Inc.
Share this article