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:
media@CannabisKinetics.com
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.