Cannabis-Rx Reports First Quarter Results
2014年5月22日 - 6:54AM
ビジネスワイヤ(英語)
Cannabis-Rx (OTCQB:CANA), a real estate company focused on
opportunistically acquiring, selling/leasing real estate, and
assisting in the growth of the licensed cannabis industry specific
to real estate and financing, yesterday reported its first quarter
2014 results. A copy of Cannabis-Rx’s Form 10-Q filing can be
viewed on The Securities and Exchange Commission’s website.
Llorn Kylo, Chief Executive Officer of Cannabis-Rx, commented,
“During the first quarter we began identifying and evaluating
potential investment opportunities in the regulated cannabis space.
We believe we are well positioned to capitalize on the sustained
strong demand for real estate and financing solutions among
licensed cannabis businesses. As we expand our business to deploy
capital in the cannabis industry, we will continue to make prudent
investments in distressed real estate, as highlighted by our recent
acquisition in Sarasota, Florida. Our near term focus is on
maximizing the value of the assets in our existing portfolio and
leveraging the funds generated through a sale or lease to build a
portfolio of investments tied to regulated cannabis space.”
Cannabis-Rx will host a conference call on May 22, 2014 at 8:00
a.m. ET to discuss first quarter 2014 results. The conference call
can be accessed by dialing 1-877-705-6003 (toll-free) or
1-201-493-6725 (toll/international) and asking for the Cannabis-Rx
Quarterly Investor Update. For those unable to listen to the live
broadcast, a replay will be available by dialing 1-877-870-5176
(toll-free) or 1-858-384-5517 (toll/international), pass code
13583355.
About Cannabis-Rx, Inc.
Cannabis-Rx (OTCQB: CANA) is a real estate company focused on
opportunistically acquiring, selling/leasing real estate, and
assisting in the growth of the cannabis industry specific to real
estate and financing in states where it is licensed or permitted
for medicinal and/or recreational purposes. In addition to
strategically purchasing properties at a significant discount to
replacement cost and rehabilitating the assets to enhance their
value, the Company provides licensed cannabis-based businesses with
capital and real estate opportunities to advance their growth
objectives. Cannabis-Rx also plans to offer consulting services to
licensed cannabis growers and operators. The Company does not, nor
does it intend to, grow, distribute or sell cannabis. For
additional information, please visit www.cannabis-rx.co
Forward-Looking Statements
Certain statements, other than purely historical information,
including estimates, projections, statements relating to our
business plans, objectives, and expected operating results, and the
assumptions upon which those statements are based, are
“forward-looking statements.” These forward-looking statements
generally are identified by the words “believes,” “project,”
“expects,” “anticipates,” “estimates,” “intends,” “strategy,”
“plan,” “may,” “will,” “would,” “will be,” “will continue,” “will
likely result,” and similar expressions. Forward-looking statements
are based on current expectations and assumptions that are subject
to risks and uncertainties which may cause actual results to differ
materially from the forward-looking statements. Our ability to
predict results or the actual effect of future plans or strategies
is inherently uncertain. Factors which could have a material
adverse effect on our operations and future prospects on a
consolidated basis include, but are not limited to: changes in
economic conditions, legislative/regulatory changes, availability
of capital, interest rates, competition, and generally accepted
accounting principles. These risks and uncertainties should also be
considered in evaluating forward-looking statements and undue
reliance should not be placed on such statements.
Media:Phil Denning and Jason Chudoba,
203-682-8200cannabisrx@icrinc.comcannabis-rx.co
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