WESTMINSTER, Colo.,
Nov. 7, 2014 /PRNewswire/
-- Cannabis Kinetics Corp. (OTCQB: CANK) ("Cannabis Kinetics"
or the "Company") an emerging fully integrated cannabis management
company, is pleased to announce that The Big Tomato has received an
additional purchase order to supply Monarch brand Coco Coir growing
medium to a retail and grow facility management company based in
Colorado.
As a result of the new purchase order, Cannabis Kinetics will
ship an additional 1,600 bags of Monarch Coco Coir to The Big
Tomato. This purchase order quantity is in excess of the
previously disclosed estimate of 1,000 - 1,500 bags per month for
this single user. Based on discussions with The Big Tomato,
Cannabis Kinetics anticipates futures orders from this purchaser to
be at the high end of that previous estimate. The purchaser
currently provides branding and fulfillment services to multiple
retail outlets and growing facilities in the Denver area with plans to expand into other
regions.
"This is a very positive event for Cannabis Kinetics because a
quick and larger reorder from an existing customer of our Monarch
brand Coco Coir clearly demonstrates the current demand for this
versatile and effective growing medium," commented Eric Hagen, CEO of Cannabis Kinetics Corp.
"The two recent large orders from this single customer through The
Big Tomato in Colorado have now
taken up most of our current Coco Coir inventory. To meet
demand, we have instructed our exclusive supplier and importer,
Ivory Coco International, to secure and ship additional
high-quality Coco Coir from Sri
Lanka to their processing and storage facility in
Colorado."
Coco Coir is an all-natural growing medium made from ground
coconut husks popular among commercial and home growers and other
indoor and outdoor gardening operations. Cannabis Kinetics
acquires, markets, and distributes the highest quality Coco Coir
from India and Sri Lanka under its national Monarch
brand.
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 sell Coco
Coir to the purchaser discussed in this press release or to
others. 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.