Bayport International Holdings, Inc. Releases Shareholder Update On
Cannabis Technology Platforms
Dallas, TX -- December 14, 2017 -- InvestorsHub NewsWire --
Bayport International Holdings, Inc. (OTC Pink: BAYP) is releasing
a comprehensive update to its shareholders regarding its recent
developments and progress being made on its cannabis technology
platform. Currently, the Company has three major developments that
it is working on:
- Development of secondary cannabis technology platform to
complement Weedwiser.com and expand its digital ecosystem
The Weedwiser e-commerce platform and online store that will have
up to 15,000 products by end of Q1 2018
Looking into enabling cryptocurrency payments, as well as
traditional merchant payment capabilities, for the Weedwiser
e-commerce platform
Bayport has reached consensus regarding adding cryptocurrency to
its platform because it believes that the Cannabis Industry is a
perfect testing ground for cryptocurrency transactions. There are
multiple coins and platforms that are targeting the industry, and
blockchain is a natural technology to be deployed as the industry
becomes more regulated. We have seen the funding and trading of
coins like WEED and Paragon. “We don’t know who the winner will be
but we intend to participate in the transition the industry will
experience,” stated Clay Franks, Bayport CEO.
As previously announced, Bayport International Holdings, Inc. is
actively looking to partner with vetted manufacturers, retailers,
and distributors of cannabis apparel, clothing and accessories.
After further consideration, management is also looking into adding
high-quality Cannabidiol (CBD) products on the Weedwiser e-commerce
platform. Unlike THC, CBDs do not get you “high” and are said to
have several health benefits.
The CBD market is a multi-billion dollar market that is still in
the early stages of growth. According to The Hemp Business
Journal, the CBD market is forecast to be a $2.1 billion market by
2020. Greenwave Advisors’ Matt Karnes, forecasts the CBD
market to reach $3 billion by 2021.
Through partnering with high-quality CBD extraction and
distribution companies, management believes this will help deliver
shareholder value and give its cannabis technology platforms an
even greater ability to generate revenues.
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.
Contact Info9330 LBJ FreewaySuite 900Dallas, TX 75243Phone: 214-438-3890www.bayportholdings.comEmail: info@bayportholdings.comInvestor Relations Contact:Spotlight GrowthMatt Regomrego@spotlightgrowth.com