Dallas, TX -- November 30, 2017 -- InvestorsHub NewsWire --
Bayport International Holdings, Inc. (OTC
PINK: BAYP) announces further details and updates
regarding the web development of its latest cannabis technology
acquisition in progress.
The Company is finalizing the definitive documents that will be
used to close on the transaction. BAYP expects to have the
sales and purchase contracts finished shortly; after execution
Bayport will announce the acquisition and release further
information on the new domain name and development details.
"I am looking forward to sharing the name and the details of our
acquisition to the public. We are extremely excited about how all
of our assets will begin to work together to create our
aforementioned tech platform," stated Clay Franks, CEO of Bayport.
"Few people realize how important technology will become in the
Cannabis industry as it is about to be forced into a binary
transition from slightly regulated to extremely regulated. We
intend to monetize a suite of products that will ease the
transition for the producers and dispensaries that will be our
partners."
Management is currently finalizing the structuring of its new
cannabis tech platform, which will be a wholly owned subsidiary of
Bayport International Holdings along with www.weedwiser.com
Management will have more news out next week to provide specific
details of the new cannabis tech platform once everything is
finalized and completed. This will be the latest achievement
towards Bayport's goal of building an ecosystem of cannabis tech
platforms that complement each other and provide synergies for the
Company.
Bayport International continues to develop its recently
announced strategic partnership with GreenLink Financial, which
will help BAYP generate revenue and build strong relationships
within the cannabis sector.
The Company is extremely excited to participate in the growth in
the industry that is expected to benefit from the "recreational"
launch in California in January 2018.
California represents the largest population of residents in a
single state in the US, but also represents 250 million tourists
annually, which will also be curious about California cannabis
production.
About Bayport International Holdings, Inc. (OTC
PINK: BAYP):
Bayport International Holdings, Inc. is a holding company active
within the cannabis technology industry. Through its Weedwiser.com
digital platform, the company seeks to be a leader in the emerging
cannabis technology industry. Furthermore, the company is currently
evaluating acquisitions within the industry. Learn more about the
company by visiting http://www.weedwiser.com and http://www.bayportholdings.com.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Bayport International Holdings, its directors or
its officers with respect to, among other things: (i) financing
plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Bayport International
Holding's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in Bayport International Holding's
filings with the Securities and Exchange Commission.
