USEI Reaches New Significant Milestone and Provides Company Update Year to Date
September 02 2014 - 6:00AM
eTeligis
SANTA CLARITA, CA(Eteligis Inc.)
SANTA CLARITA, CA, United States, via ETELIGIS INC., 09/02/2014
- - USEI Cannabis Initiatives Corp, a wholly owned subsidiary of US
Energy Initiatives Corporation, Inc. (OTC Pink: USEI) (PINKSHEETS:
USEI), entered the cannabis sector over 30 weeks ago. The Company
has diligently continued working on our business plan and also
captured market share in the cannabis industry which has been one
of our goals. We have made significant connections and believe that
the future for this firm is extremely positive due to significant
opportunities currently under development through our consorted
efforts. Since USEI entered this sector we have announced our plans
and have achieved our goals and objectives. We have exceeded our
short term expectations. Our initial plan was to just grow hemp for
conversion to energy (biodiesel), and when we, like everyone in the
country, found it to be a fractional supply for all who desired to
grow, we modified our goals and objectives to include the whole
cannabis industry. Our focus has been only in the states where
cannabis is legal. Colorado and the state of Washington have been
our initial focus as this industry starts to evolve.
This year we mentioned our goal of developing a brand called
"Real McCoy Genuine Products" and we are currently developing that
brand. We have attended numerous events to create brand awareness
and will continue to do that over the next couple years. Our Real
McCoy Brand encompasses e-cig or vape pens, apparel and edible
products infused with cannabis (significant edibles plan to be
released soon). Our hope is to build a national brand over time. To
date, we have sold our vapor products in dispensaries and Vape
stores in California, Colorado and in our stores in the state of
Washington and The HempFest 2014
(http://www.useicannabis.com/web/vape-pens/
http://www.useicannabis.com/web/usei-booth-at-hempfest-2014/)
This year we also opened 2 cannabis stores in the state of
Washington as a joint venture as a source of revenue for USEI. Our
"The Ultimate Cure" stores featured a wide range of cannabis
related products that featured a high concentration of CBD not THC.
The two (2) stores are located in the State of Washington (one in
Tacoma and one in Puyallup) servicing cannabis patients opened for
business on August 1, 2014
(http://www.useicannabis.com/web/washington-partnerships/). Our
joint venture further is responsible for developing a new line of
edible infused products (with CBD) that we have already sold
hundreds of in our stores and events under the brand "The Ultimate
Cure". We have had numerous patients, have significant benefits
from using our topicals, tinctures, oils and edible products that
include pain relief, epilepsy, migraines, cancer related relief,
PTSD, anxiety and more.
According to Anthony K.
Miller CEO "We are not just sitting around waiting
for things to happen we are actively working to transform USEI to a
great cannabis firm. Today we are pleased to announce that
we have signed an agreement to acquire an interest in a
"recreational license" in the state of Washington
. This significant milestone provides our entrance
in the multibillion dollar legal recreational cannabis industry and
our store is projected to produce millions of dollars annually in
revenue through our efforts (more information regarding this
transactions will be released in the coming weeks). Currently,
Colorado and Washington are the only states that have approved
recreational cannabis use and we are in that select crowd of
folks".
"The first 18 dispensaries that opened in the state of
Washington boast of revenues of $3.8 million dollars in the first
month of business even with limited products to sell
(http://www.thewire.com/politics/2014/08/washington-sold-38-million-in-recreational-weed-last-month/375819/).
For the remainder of the year USEI will continue to focus on the
recreational business in Washington, since we have multiple
projects under development. USEI has created a Washington
subsidiary and plans to put a permanent office in the state this
year to be able to manage our opportunities and ventures. We are
also looking at other legal states where recreational cannabis
expands for potential business and looking to expand our grow
partnerships with American Green and other partners that will form
our strategic alliance to grow USEI, said Miller".
"The management of USEI will continue to work diligently to add
shareholder value and management believes that the sole source for
information regarding what the company is doing is USEI itself; and
not outside sources who create illogical scenarios designed only to
create doubt regarding our activities. The growth of any firm takes
planning and the plan does not always go in a straight path to get
to the destination but in every case we have multiple options to
our destination. We do have a plan and have an execution strategy
and when the dust settles we believe that we will get to where we
are heading to success," finally commented Miller.
About U.S. Energy Initiatives:
U.S. Energy Initiatives Corporation is a diverse (OTC Pink:
USEI) energy firm. This firm started in 1996 and has had a long
successful business history of developing its business strategies.
Management's new goal is to business and to build a dynamic and
diverse firm. From 2014-2015 U.S. Energy Initiatives will center on
hemp to energy, everything cannabis related and developing products
and services for the marketplace. Our goal here is to become an
environmentally responsible firm, marketing our products to a
worldwide audience to produce significant revenue and add value for
our shareholders. We will continue to develop products for the Real
McCoy brand in the coming months; including some products targeted
to growers of cannabis. We have very ambitious goals and objectives
for USEI Cannabis and we believe that we will have a very long
presence in Colorado and Washington, and wherever cannabis is
legal. Our objectiveisto create a foundation that will be
instrumental in our continued conquest tocapture our market-share
andcreateviableproducts that meet our goals and objectives for
these markets.For more information regarding our strategies it can
be found on the company's website @ www.useicannabis.com/web/.
DISCLOSURES:
"Safe Harbor" This press release contains forward-looking
statements including statements regarding the timing of the revenue
from the partnership and the partnership's success. The words
"believe," "may," "estimate," "continue," "anticipate," "intend,"
"should," "plan," "could," "target," "potential," "is likely,"
"will," "expect" and similar expressions, as they relate to us, are
intended to identify forward-looking statements. We have based
these forward-looking statements largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy and financial needs. Important
factors that could cause actual results to differ from those in the
forward looking statements include consumer reaction to our
Cannabis products and new regulations which affect the distribution
of these products. Further information on our risk factors is
contained in our filings with the OTC Markets. Any forward-looking
statement made by us herein speaks only as of the date on which it
is made. Factors or events that could cause our actual results to
differ may emerge from time to time, and it is not possible for us
to predict all of them. We undertake no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as may be
required by law.
CONTACT:
U.S. Energy Initiatives Corporation, Inc.
Investor Relations
Ph: 866 922-1116
Email: info@usenergyinit.com
Web: www.usenergyinit.com
Web: www.useicannabis.com
SOURCE: U.S. Energy Initiatives
Corporation, Inc.
Associated Documentation:
http://www.eteligis.com/ViewSubmission.aspx?submissionRequest=27580
- Link to submission on http://www.eteligis.com
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