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Ventura Cannabis Releases Updated Investor Presentation to Website; Provides Conference Call Details
LOS ANGELES, April 30, 2019 (GLOBE NEWSWIRE) — Ventura Cannabis and Wellness Corp. (CSE:VCAN) (“Ventura Cannabis” or the “Company”) is pleased to announce it has released its latest up-to-date investor presentation, posted on www.venturacanna.com, in advance of the conference call on May 1, 2019 at 4:30 PM (EST).
Participants can dial into the conference call using the following numbers:
US & Canada Toll-Free: 800-289-0438
Meeting ID Number: 7526392
The call will detail the Ventura Cannabis plan to become a vertically-integrated branded product cannabis company focusing on California as its initial market.
The management team will highlight the three most pressing milestones to achieve this goal:
- Securing, through acquisition or application, three separate state and city-issued licenses: a manufacturing license, a distribution license and a cultivation license in California.
- Closing the previously announced acquisitions which include dispensing licenses, totaling a projected $3 million per year in annual cannabis revenues.*
- Divesting the inpatient (detox) addiction treatment centers while retaining the rights to supply cannabis to patients in order to generate additional cash to invest in cannabis assets.
The management team will address the timeframes and financial targets associated with the plan on the call.
*Forward looking revenue estimates are based upon management’s due diligence of the acquisition targets.
For more information contact:
Ventura Cannabis and Wellness Corp.
CEO and Executive Director
Certain statements contained in this presentation constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “confident” and similar expressions as they relate to the Company. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. The forward-looking information included is made as of April 30, 2019 and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. VCAN holds or is acquiring marijuana assets in the United States. Previously disclosed acquisitions are still subject to closing. Marijuana is legal in each state VCAN is looking to operate, however marijuana remains illegal under US federal law and the approach to enforcement of US federal law against marijuana is subject to change. Shareholders and investors need to be aware that adverse enforcement actions could affect their investments and that VCAN’s ability to access private and public capital could be affected and or could not be available to support continuing operations. For additional information about forward looking statements and the risks of investing, please refer to the page on our website with the conference call transcript.