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SOURCE CannaMed Corporation
LOS ANGELES, July 10, 2014 /PRNewswire/ -- CannaMed Corp. (OTCBB: MDMJ) is pleased to update shareholders on the nature of its operations and the continuance of the Company's business.
The Company launched its new website today, www.cannamedcorp.com, which outlines the Company's vision and ongoing business activities. The new website showcases both the Financial Solutions and the Service Solutions offered to the legal medical and legal recreational cannabis industries.
The Company's Financing Solutions include leasing growing space and related facilities (commercial real estate, agricultural properties, and equipment) to lawfully organized marijuana business operators for their production needs. CannaMed consultants customize the build-out with the business operators. In this manner, the Company assists clients increase memberships to their Collective, open up their marijuana retail dispensaries, design and finance cultivation and production facilities, and forge relationships with product manufacturers.
Turnkey Service Solutions
The Company offers a suite of turnkey Service Solutions for clients to design, develop, and maintain their dispensary, production and product businesses: from registration to establishing procedures, processing, tracking and reporting, and compliance with the ever changing state and federal laws.
Optimizing revenue in a continuing changing legal landscape
The Company's turnkey solutions (Financing + Service) generate revenue for CannaMed shareholders and provide a portfolio of diversified revenue streams. At this time, CannaMed does not grow, process, own, handle, or sell cannabis, but the company will consider changing this approach as the regulatory environment evolves.
The future of CannaMed
In addition to Financial and Service Solutions, the Company is pursuing ancillary business products and services including:
"Many smart investors are doing their homework; and we're thankful that they are considering us in their portfolio. Medical marijuana has been legal in California since 1996 and our experienced team, lead by Mr. Paul Shively, has helped over 500 dispensaries and production facilities over the last seven years. In April of this year, we decided to consolidate our efforts in CannaMed, creating a public vehicle to leverage a position inside this exciting industry. While anyone can now participate in our public market as investors, we advise that all potential investors consult with their financial advisors to determine whether an investment in our stock is appropriate for their circumstances." stated Mr. Jordan Shapiro, President of CannaMed.
"Twenty states now permit the use of medical marijuana, while recently both Colorado and Washington have legalized it for recreational use. In addition, half the states are currently considering decriminalization of the drug or legalizing it for medical or recreational use. It is no wonder then that the legal marijuana market in the US is estimated to grow 64% this year to $2.34 billion, and is estimated to be worth over $10.2 billion by 2018 according to ArcView Research. We are looking forward to realizing our business plan and growing our business fundamentals in this tremendous sector" concluded Mr. Shapiro.
For more information on CannaMed Corp visit www.CannaMedCorp.com
About CannaMed Corporation
CannaMed Corporation, through wholly-owned subsidiaries, provide turnkey support solutions to the rapidly evolving and growing legal cannabis industry. CannaMed's "seed to sale" key business services include:
CannaMed's team has over seven years of successful experience in the legal cannabis industry. CannaMed is excited to introduce its array of services to each new state that legalizes cannabis use.
Safe Harbor Statement
This release contains "forward-looking statements" that include information related to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the ability of CannaMed to secure appropriate funding to implement its business plan, the demand for CannaMed's services, CannaMed's ability to maintain customer and strategic business relationships, the regulation of legal cannabis on both state and federal levels, the impact of competitive products and pricing, growth in targeted markets, and other information that may be detailed from time-to- time in CannaMed's filings with the United States Securities and Exchange Commission. CannaMed undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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