LOS ANGELES, CA / CRWEPRESSRELEASE / September 17, 2015 /Medbox, Inc. (OTCMKTS:MDBX), a provider of specialized services to the cannabis sector, including operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved, today announced that work is now underway in preparation for the cultivation of hemp at its recently purchased 320-acre property in Pueblo, Colorado, and the company has selected Colby Hunter as general contractor.
Medbox said construction materials have been received and work has begun for the build-out of seven greenhouses on the property. (Please visit: https://youtu.be/MMqdXMBsYZs to see work in progress.) Initial planting by the independent licensed farmer is anticipated to begin this fall.
“We are in the final planning stages with the farmer, and our objective is to be in ready position upon receipt of licensure, which we anticipate within the next several weeks,” said Jeff Goh, President and interim Chief Executive Officer of Medbox. “Our entire team is excited about the potential of our Pueblo farm, and we look forward to reporting on its development.”
About Medbox, Inc.
Medbox, Inc., a leader in the rapidly emerging cannabis sector, provides specialized services to operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved. Through trusted clients and affiliates, the company promotes efficient, consistent, high quality products that are priced right, readily available and safely packaged. For more information about the company or to explore partnership, please visit www.medbox.com.
Certain statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements, including, but not limited to, the timing of receipt of licensure, are based on current beliefs and expectations and are inherently subject to significant business, economic, regulatory and competitive uncertainties and contingencies, many of which are beyond the company’s control. In addition, certain forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties also include, but are not limited to, regulatory developments in the industry, as well as political and economic conditions present within the industry. For a more detailed description of the risk factors associated with the company, please refer to the company’s latest Annual Report on Form 10-K, and in particular, the section entitled “Risk Factors” therein, and in other periodic reports the company files with the Securities and Exchange Commission thereafter.The company does not assume any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made, unless required by law.
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SOURCE: Medbox, Inc.