Cannabis Global Group, a Talisman Holdings Entity, to Lease Colorado Land for Future Cannabis Cultivation
March 26 2014 - 10:00AM
Marketwired
Cannabis Global Group, a Talisman Holdings Entity, to Lease
Colorado Land for Future Cannabis Cultivation
GREEN VALLEY, AZ--(Marketwired - Mar 26, 2014) - Cannabis Global
Group ("CGG"), a division of Talisman Holdings, Inc. (OTC: TMHO)
("Talisman" or the "Company") announced that it has agreed to lease
35 acres of Routt County, Colorado growing land that is currently
in use for agricultural purposes. The term of the lease is for 5
years, with ten 5-year extensions. The land has an artesian well
with 85 degree water, and has natural gas available.
Cannabis Global Group intends to develop a 100,000 square foot
state-of-the-art growing and processing facility on the property.
With this agreement, Cannabis Global Group has begun the rollout of
its core business strategy of entering the production and
cultivation of the legal marijuana business. Closing of this
transaction has not occurred and is subject to customary conditions
including, but not limited to, negotiation and execution of
definitive documents.
CCG President, Dr. Warren Frayer, stated, "Colorado has already
experienced a significant increase in recreational marijuana sales
since January 1, and there is a shortage of product to meet demand.
There is a definite need for additional production, and we are
addressing this situation and we expect impressive results."
Additionally, the Company's board of directors is formalizing a
plan for recapitalization of the Company's share structure
including restricted stock retirement by certain insiders as well
as a stock dividend of one additional share for each share
currently held. The Company looks forward to providing regular
updates on its progress.
About Talisman
Holdings Talisman Holdings, Inc. is a highly innovative
holding company built on the belief that the world's greatest
potential for financial growth lies in emerging companies. Talisman
Holdings searches for undervalued small and microcap businesses
with breakthrough products, services and technologies with
explosive growth potential and delivers the equity, financial
guidance, strategic counsel, consulting and business functions they
need in order to succeed in the public marketplace. Taking an
ownership or equity stake in standout emerging growth companies
grows the asset base and drives shareholder value for Talisman
Holdings, and the diversified holding company organizational
structure and range of industries provides diversity of risk. For
more information please visit Talisman's website at
www.talismanholdings.com.
About Cannabis Global
Group Cannabis Global Group, a business unit of Talisman
Holdings, Inc. is focused on the explosive and emerging legalized
marijuana industry. Accordingly, it is designing an
infrastructure to capitalize on this emerging American business.
The company has targeted this market based on a belief that
legalization of marijuana in most states and at the federal level
is inevitable. In addition to its own activity, the company is
uniquely qualified and positioned to be of assistance to others by
providing financing, consulting, acquisition direction, strategic
planning advice, ancillary products, marketing communication
campaigns and agricultural enhancement. Industry dynamics make
Cannabis Enterprises Group a compelling opportunity.
FORWARD-LOOKING DISCLAIMER This summary contains
forward-looking statements within the meaning of the "safe harbor"
provision of the Private Securities Litigation Reform Act of 1995.
These statements address future events and conditions concerning
the Company's business plans. Such statements are based on
management's current expectation and are subject to a number of
factors and uncertainties, such as future economic conditions and
changes in anticipated revenues and costs, which may cause actual
results to differ materially. Also, these forward-looking
statements may involve a number of risks and uncertainties,
including (i) all of the risks and certainties associated with a
start-up or development stage business; (ii) the Company's present
lack of capital and its ability to obtain capital as needed; (iii)
intense competition for products and services; (iv) the timely
development and market acceptance of the Company's products and
technologies; and (v) the successful integration of acquisitions
and lines of business. The actual results that the Company achieves
may differ substantially from any forward-looking statements due to
such risks and uncertainties. The Company expressively disclaims
any future obligation or undertaking to update or revise any
forward-looking statements contained herein. Investors and
potential investors should independently investigate and fully
understand all risks before making investment decisions.
For more information contact us at: Talisman Holdings, Inc. 505
Mission Twin Buttes Rd. Green Valley, AZ 85622 Phone: 206-666-3247 Fax:
206-666-3247
info@talismanholdings.com Cannabis Global Group 505 Mission Twin
Buttes Rd. Green Valley, AZ 85622 Phone: 253-780-9244 Fax:
425-606-5794 Info at
www.cannabisglobalgroup.com
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