Henderson NV - (NewMediaWire) - November 17, 2015 - Café Serendipity Holdings, Inc. (OTC PINK: CAFS) (the "Company"), is pleased to announce the signing of an exclusive master license agreement for the state of Washington to rebrand medical marijuana dispensaries and retail marijuana stores in the state of Washington. Our exclusive master license agreement gives the right to Two Worlds Consulting, LLC, a leading NYC advisory and investment firm serving the legal cannabis market throughout the US, to sign licensees throughout the state of Washington to brand Café Serendipity stores.
The state of Washington currently has approximately 600 medical marijuana dispensaries stores. We believe we have the potential of signing rebranding agreements with dispensaries in the state of Washington using our brand over the next 120 days. There are 7,500,000 million people living in Washington State. Café Serendipity will use all of its strategic relationships from real estate, legal, human resources and product sourcing to put the stores together to fit our business model and create the look and feel that is represented on our website. The retail marijuana store sizes will range from 1,500 to 2,500 square feet and will generate approximately $2 million in revenues per year.
"We expect to sign an additional exclusive master license agreement for Pennsylvania once the state has approved legal marijuana," said Bob McNulty Chairman of Café Serendipity. "We also see e-commerce opportunities within the legal marijuana space that the company will be announcing in the next quarter."
Café Serendipity has positioned itself for the legalization of recreational use and dispensaries stores to come on-line in 2016 for California and Oregon. We believe that the regulatory environment between the Federal and States needs to improve so there is clarity between them that is conducive to building businesses with the proper banking foundation, card processing and real estate acquisition model that allows fundamental growth. However we are very confident that these issues will be resolved by the regulatory bodies. This would allow for a more transparent growth strategy for the legal marijuana industry and the expansion of our business model.
"Medical marijuana collective gardens in Washington State face a seismic shift in the landscape as the medical and adult use sectors are combined into a unified retail market between now and July 1, 2016. This presents challenges and opportunities that will often be best addressed by shifting to a franchise-like model such as Café Serendipity," said Eric Michel, VP of Business Development at Two Worlds Consulting. "No matter what Serendipity location a patient visits in Washington State, he or she will find the same high-quality medicines, service and standards. This benefits both the dispensary and the patient."
About Two Worlds Consulting LLC.
Based in the scrappy lower east side of Manhattan, Two Worlds Consulting, LLC provides advisory and investment services to the cannabis industry throughout the U.S and Canada. It recently concluded contracts for clients in Maryland and Washington state to assist in applications for Maryland dispensary, processing and cultivation licenses, including several involving horizontally integrated licensed IP and branding for dispensaries.
Two Worlds Consulting LLC on line: www.2Worldz.com
Tel: (918) 533-9253
About Café Serendipity Holdings, Inc.
Based in Henderson, Nevada, Café Serendipity Holdings, Inc. owns and operates Café Serendipity. The Company is a builder of upscale branded turnkey retail stores in the recreational adult use, and medical marijuana dispensary industry. The Company is marketing its unique brand through a coast to coast licensing network of Company approved stores and growers. The licensed stores and growers benefit from Café Serendipity's brand.
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 Café Serendipity, 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 Café Serendipity Holdings, Inc. 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 Café Serendipity Holdings, Inc. filings with the OTC Markets, Securities and Exchange Commission and/or the Company's website.
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