|By PR Newswire||
|February 28, 2014 09:01 AM EST||
DENVER, Feb. 28, 2014 /PRNewswire/ -- Just weeks after forming their new business venture, Medicine Man Technologies; Andy Williams, President of Medicine Man Denver and Brett Roper, Chief Operating Officer of ChineseInvestors.COM (OTCQB Symbol 'CIIX') are pleased to announce their first licensee client, McGraw Holdings, LLC of Illinois.
After extensive deliberation and consultation, McGraw Holdings, LLC, has chosen Medicine Man Technologies as its key service provider in bringing their extensive industry expertise and innovative business practices to the State of Illinois. Expectations are that this new partnership will provide Illinois medical marijuana patients with the highest quality cannabis based products the market will have to offer. The newly formed company will be submitting applications to allow construction of two technologically advanced marijuana grow operations, to be located in Illinois State Police Districts 5 and 21 in anticipation of fulfilling the supply needs of any of the potential 60 Illinois based dispensaries as proposed.
Mr. Tim McGraw, owner of McGraw Holdings and managing partner of this new enterprise noted, "After touring dozens of facilities and interviewing their respective management teams, Medicine Man Technologies was our clear choice. Mr. Andy Williams, his team, his experience, and extraordinary facilities are second to none in the industry. In our opinion, we could not be more excited about building our new enterprise using his wealth of experience and success in Colorado to provide a steady supply of the highest quality medicine to patients in Illinois."
Mr. Andy Williams, Medicine Man's President and General Director of Medicine Man Technologies commented, "We are excited by this first of many opportunities to deliver our experience and highly evolved, variable capacity, continuous harvest process to this explosive growth-oriented space nationally. We were also impressed with Tim's general business experience and the quality of his partners in this new business. His construction as well as project management background add excellent value underpinnings as well."
Medicine Man Denver is in the process of substantially expanding their current facilities and was one of the first businesses in Colorado to be granted a recreational use license by the City and County of Denver and the State of Colorado. Their substantial investment in both their business and community creates both an expanded tax base as well as a growing source of employment. More information about Medicine Man Denver can be found at www.medicinemandenver.com.
ChineseInvestors.COM, Inc. ('CIIX'), founded in 1999, endeavors to be an innovative company providing (a) real-time market commentary, analysis, and educational related services in Chinese language character sets (traditional and simplified), (b) support services to our various partners, (c) consultative services to smaller private companies considering becoming a public company, (d) advertising and public relation related support services, and (e) other services we may identify having the potential to create value or partnership opportunity with our existing skills and services. For further information email us at [email protected] or visit our website at www.chinesefn.com.
Safe Harbor Statement
This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company/CIIX with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the Securities and Exchange Commission. Among other matters, the Company/CIIX may not be able to sustain growth or achieve profitability. Reference is hereby made to cautionary statements set forth in the Company/CIIX's most recent reports on Form 10-K and 10-Q, and other SEC filings. In addition, the information contained in this press release is subject to the risk factors identified in the Company/CIIX's most recent Form 10-K. We have incurred and will continue to incur significant expenses in our expansion of our existing as well as new service lines noting there is no assurance that we will generate enough revenues to offset those costs even in light of recent profitability and growth of our business. Additional service offerings such as these may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in, the impact of which cannot be predicted at this time.
SOURCE ChineseInvestors.COM, Inc.