SOURCE: Cannabis Kinetics Corp.

October 06, 2014 06:16 ET

Cannabis Kinetics Corp. Places First Order to Import Coco Coir Growing Medium

WESTMINSTER, CO--(Marketwired - Oct 6, 2014) - Cannabis Kinetics Corp. (OTCQB: CANK) ("Cannabis Kinetics" or the "Company") an emerging fully integrated cannabis management company, is pleased to announce that it has placed its first direct order for the importation of Coco Coir under its recently signed exclusive distribution agreement with Ivory Coco International, an established Coco Coir importer based in Aurora, Colorado.

Eric Hagen, CEO of Cannabis Kinetics, stated, "With our plans to market and sell our own Monarch brand of Coco Coir already in full gear, this lead importation order for over 3,400 cubic feet of bulk product from India, combined with Ivory Coco's current inventory levels, was required to meet the estimated initial demands for this important growing medium utilized by more and more commercial and home marijuana growers in Colorado and across the USA. Based on our preliminary discussions with potential wholesalers, distributors, and retailers, we expect this first shipment to be completely spoken for very quickly."

Cannabis Kinetics anticipates that the bulk order for Coco Coir will arrive at Company facilities in Colorado in approximately 30 days, at which time the product will be tested for quality control purposes, prepared, and packaged under the Company's Monarch brand of high-quality cannabis related products.

Hagen added, "As our Monarch brand Coco Coir business develops and demand for our Coco Coir products grow, it would become necessary to increase the size and frequency of each import order and to expand our Coco Coir processing and storage facilities in Colorado."

About Coco Coir

Coco Coir is an all-natural growing medium made from ground coconut husks popular among commercial and home marijuana growers and other indoor and outdoor gardening operations. Used as a stand-alone growing medium or mixed with soil, Coco Coir significantly reduces watering requirements for growing most plants, including marijuana. Coco Coir is commonly used as a substitute for sphagnum moss because it is free of bacteria and fungal spores. Coco Coir is also used as a substrate to grow mushrooms and as a terrarium substrate for reptiles or arachnids. Together, India and Sri Lanka produce 90% of the world's Coco Coir supply each year. Over 50% of Coco Coir produced annually throughout the world is consumed in the countries of origin, mainly India.

About Cannabis Kinetics Corp. (CANK)

Cannabis Kinetics is a fully integrated cannabis management company with an office location in the Westminster suburb of Denver, Colorado. Founded and managed by experienced marijuana industry professionals, the Company has targeted various opportunities in the Colorado marijuana marketplace with a focus on the management of recreational and medical marijuana retail dispensaries, the management of licensed marijuana cultivation facilities, production and distribution of hemp and marijuana infused food & beverage and ancillary products. Additionally, the Company will provide management of retail and wholesale operations for grow stores and intends to pursue additional business opportunities within manufacturing, equipment leasing, real estate, product licensing and distribution, and other strategic acquisitions. Cannabis Kinetics anticipates expanding this business model into other select marijuana friendly states.

Cannabis Kinetics files reports with the Securities & Exchange Commission on EDGAR and anticipates continuing to file such reports. The Company's filings can be viewed at www.sec.gov.

Additional information regarding the Company can also be found on its website at www.CannabisKinetics.com.

Cautionary Language Concerning Forward-Looking Statements

Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Cannabis Kinetics Corp.'s filings with the Securities & Exchange Commission. As a reporting issuer with the Securities & Exchange Commission, Cannabis Kinetics Corp. files Quarterly and Annual Reports and other documents on EDGAR. We strongly urge all persons to read our filings at www.sec.gov, which are publicly available, in conjunction with this press release as we are in a highly regulated industry that requires thorough research prior to making any decision regarding a company, particularly an investment decision. In addition, such statements could be affected by risks and uncertainties related to Cannabis Kinetics Corp.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified management representatives, (iv) competition, pricing and development difficulties, (v) ability to fully implement our business plan as a result of being a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Cannabis Kinetics Corp. does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Cannabis Kinetics' expectations and estimates. Information on Cannabis Kinetics Corp.'s website does not constitute a part of this release.

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