SOURCE: Agri-Dynamics, Inc.
HOUSTON, TX--(Marketwired - Feb 19, 2014) - Agri-Dynamics, Inc. (PINKSHEETS: AGDY) is pleased to announce advanced merger negotiations with Hip Hemp Group LLC, a diversified hemp and medicinal marijuana company with widespread operations including 12 dispensaries, 8 grow rooms, a hemp jewelry line, and a new THC-based drink line; operations currently span four states including Colorado, California, Washington State, and Nevada. Hip Hemp Group plans to enhance and expand all operations as more states and the federal government legalize various segments of the hemp and medicinal marijuana markets.
Agri-Dynamics and Hip Hemp Group plan to finalize and announce a merger agreement within the near-term. Agri-Dynamics is excited to bring a hemp and medicinal marijuana operation of this caliber with such high growth potential under its umbrella. Shareholders can expect more details and exciting announcements as the merger is finalized over the next few days.
Additionally, Agri-Dynamics is already in various stages of discussions with other reputable hemp and medicinal marijuana operations to complement the anticipated merger with Hip Hemp Group LLC. Agri-Dynamics plans to create an umbrella of proven, high-growth operations within this lucrative market. Shareholders can expect more information on these complementary operations as negotiations allow.
This Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," "intend," "believe," "plan," "estimate," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that cause or contribute to such differences include the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations.