MIAMI, February 23, 2017 /PRNewswire/ --
ML Capital Group, Inc. (USOTC: MLCG) today announced acquiring a twenty-five percent stake in Colorado Highlife Tours, a Colorado-based cannabis tourism company. MLCG recently announced a strategic plan in partnership with Puration, Inc. (USOTC: PURA) to enter Colorado's $19 billion tourism industry with a luxury cannabis tours product. The Colorado Highlife Tours acquisition announced today is intended to accelerate MLCG's Colorado luxury cannabis tourism strategy.
MLCG $1 Million 2017 Sales Forecast and Potential Upward Revision
MLCG recently released a preliminary $1 million 2017 sales forecast based on the Company's fourth quarter record sales and nearly $400,000 in historical annual revenue earned prior to its record fourth quarter sales. Given the existing revenue and ongoing business momentum that Colorado Highlife Tours brings to MLCG, the management anticipates revising the 2017 revenue forecast upwards after the close of the first fiscal quarter.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
SOURCE ML Capital Group, Inc.