Santa Clarita, CA -- September 19, 2017 -- InvestorsHub NewsWire
-- USEI CANNABIS Initiatives CORP, a wholly owned
subsidiary of US ENERGY INITIATIVES CORPORATION,
INC. (OTC PINK: USEI) is a California based company and
is pleased to announce that it has begun growing cannabis in
Southern California. This is one of the Company's 2017 goals that
it hoped to accomplish... that is now a reality. On January 1,
2018, California (the largest black market for cannabis in the
world) becomes the largest legal cannabis market in the world...
with an estimated market of $6.8 billion dollars; and USEI and its
management will be seeking to procure multiple licenses for this
marketplace.
According to Anthony Miller, CEO, "As I
have previously mentioned, we have officially started growing
cannabis along with our strategic partners in order to get a
jumpstart on the new legal cannabis market in California (now into
our second crop). When Washington State became legal, new growers
produced over 5,000 pounds of bad weed because of their
inexperience. Our goal has been to learn lessons from the best of
the best growers so that we can ensure our success... and that is
what we are doing. California has levelled the playing ground and
over 800 current growers and 1400 dispensary owners will have to
get in the same line as USEI to get licensed. Growing cannabis is
one of the licenses that we will be seeking, along with dispensary
and non-volatile manufacturing.
"In 2018, California will be issuing licenses to growers for
recreational cannabis growing and it's our goal to be ready for
that opportunity. I
have provided some beautiful images
and VIDEO of this project... and
they can be found on our website at http://www.useicannabis.com/web/ as
well as our Facebook page. Note: California will be issuing 20
different licenses for this new industry... and we have been
actively leveraging our relationships, partners, investors and
friends so that the company will have an opportunity to capitalize
on this new industry. We, like all Californians, are waiting for
the new rules and we feel confident that USEI will grab its piece
of this 'Gold Rush.'
"Alongside of this growing venture, the Company is actively
working behind the scenes to be manufacturing cannabis products in
2018, and we will disclose that plan at a later date....We are
quite excited about our future and we hope to provide investors
with more updates soon," commented Miller.
About U.S. Energy Initiatives: U.S. Energy
Initiatives Corporation (OTC PINK: USEI) is a diverse energy
firm. USEI, and its wholly owned
subsidiary, USEI
Cannabis, business' center on hemp
to energy, everything cannabis related and developing products and
services for the marketplace. Our Ultimate
Cure & Real McCoy Genuine
Products: we market vapor pens and accessories, topical
ointments, cannabis oils and tinctures all under these same names.
Our goal here is to become an environmentally responsible firm,
marketing our products to our audience to produce significant
revenue and add value for our shareholders. We have very ambitious
goals and objectives for USEI Cannabis and we believe that we will
have a very long presence in Washington, Oregon, California and
wherever cannabis is legal. Our objective is to create a foundation
that will be instrumental in our continued efforts to capture our
market-share and create viable products that meet our goals and
objectives for these markets. For more information regarding our
strategies it can be found on the company's website
@ www.useicannabis.com/web/.
DISCLOSURES: "Safe Harbor" This press
release contains forward-looking statements including statements
regarding the timing of the revenue from the partnership and the
partnership's success. The words "believe," "may," "estimate,"
"continue," "anticipate," "intend," "should," "plan," "could,"
"target," "potential," "is likely," "will," "expect" and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual
results to differ from those in the forward looking statements
include consumer reaction to our Cannabis products and new
regulations which affect the distribution of these products.
Further information on our risk factors is contained in our filings
with the OTC Markets. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.
