|By Marketwired .||
|May 20, 2014 01:05 PM EDT||
LOS ANGELES, CA -- (Marketwired) -- 05/20/14 -- Verde Science Inc. (OTCQB: VRCI) today revealed its new strategic direction and business model. Leveraging the company's knowledge and expertise in the implementation of medical marijuana cultivation technology systems, Verde Science will provide advisory services and technical resources to established, licensed dispensaries and growers throughout North America to help them increase profitability, output, and quality, as well as other business benefits. The Company will initially focus its efforts on the vast and highly fragmented Los Angeles County market, the largest medical marijuana (MMJ) market in the world. Among the technical services the Company will introduce is the implementation of aeroponic growing technology, a beneficial growing process whereby no soil or dirt is used. Rather, plants grow with their roots suspended in the air and are intermediately misted with nutrient solution. The announcement was made by Mr. Harp Sangha, CEO of Verde Science, Inc.
Verde Science's efforts will be headed up by recently appointed Director, Luis Bobadilla, and will leverage an exclusive strategic partnership with a Canadian based engineering, design and build company, Worldwide Cannabis Engineering, a firm with more than 20 years experience as an industry leader in the implementation of medical marijuana aeroponic cultivation technology systems.
"Our new strategic relationships and the addition of Mr. Bobadilla and his team bring decades of experience in designing, engineering, building and managing indoor grow facilities utilizing all mediums, including expertise in advanced aeroponic technology, which can produce a product free of pesticides, mold and insect infestation" stated Mr. Sangha.
He added, "When we made the shift to the MMJ business sector, we knew that we could assume a meaningful role in this young and fragmented market. We will be announcing additional strategic relationships that will add to our array of services for our clients. We believe we can become a valuable, cost-effective partner with a large number of existing MMJ and recreational MJ growers who will be faced with greater competition and the need to enhance growing quality products for their patients and customers. We are very excited about our direction and look forward to updating shareholders on our progress in the coming weeks."
About Verde Science, Inc. (VRCI)
Verde Science, Inc. (www.VerdeScienceInc.com) is a public company trading under the symbol (OTCQB: VRCI). The Company is focused on providing advisory services in the burgeoning medical marijuana industry to established, licensed collectives and growers throughout North America, with its initial focus on the vast and highly fragmented Los Angeles County market.
Safe Harbor Statements
Certain information contained in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates", "intends" or "believes", or that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", or "be achieved".
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the SEC. Such risks and other factors include, among others, the ability to locate and acquire suitable interests in oil and gas properties on terms acceptable to the Company, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and other risks of the oil and gas industry including, without limitation, risk of liability under environmental protection legislation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
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