SOURCE: Talisman Holdings, Inc.

April 03, 2014 10:00 ET

Cannabis Global Group, With Partner Ad Agri, Developing Technology for Improved Cannabis Production

GREEN VALLEY, AZ--(Marketwired - Apr 3, 2014) - Cannabis Global Group (CGG), a division of Talisman Holdings, Inc. (OTC: TMHO) announced that, in conjunction with Ad Agri, it has begun development of a protocol to address problems of inefficiency in commercial legal marijuana production.

The plan will address, among others, the problem areas of: inadequate climate control, which is an issue most growers have never faced on a commercial scale; a preventive program of pest and disease management; strain selection; scheduling; fertilization; and, effective creation and utilization of power for cost reduction. The business model under development is to incorporate the technology developed and know how to be licensed to users.

"The commercial production of legal marijuana brings real issues which may only be confronted by application of special technical knowledge. This is demonstrated in Colorado, for example, where the cost of producing a pound of cannabis ranges from $385 to $1,450. Our approach, once completed, will enable us to offer a consulting and licensing platform to partners worldwide," said Charles Adams, a Cannabis Global Group Director and head of the development program.

Additionally, the Company's board of directors has given the go-ahead to the recapitalization of the Company's share structure including a stock dividend of one additional share for each share currently held by shareholders, and a restricted stock retirement plan by certain insiders. These are exciting times for us and the company looks forward to providing regular updates on its progress.

About Talisman Holdings:
Talisman Holdings, Inc. (OTC: TMHO) 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 wholly owned subsidiary of Talisman Holdings, Inc. (OTC: TMHO) 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 all 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. Visit us at www.cannabisglobalgroup.com.

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.

Contact Information

  • 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