SOURCE: Cannabis Kinetics Corp.

December 04, 2014 06:00 ET

Cannabis Kinetics Forms Monarch America Inc. Subsidiary Ahead of Name Change

WESTMINSTER, CO--(Marketwired - Dec 4, 2014) - Cannabis Kinetics Corp. (OTCQB: CANK) ("Cannabis Kinetics" or the "Company") is pleased to announce that the Company has submitted the required documentation with the state of Nevada to form Monarch America Inc., a new wholly-owned subsidiary of the Company. The new subsidiary has been formed solely for the purpose of merging with and into Cannabis Kinetics Corp. to effect a previously proposed Company name change to Monarch America Inc.

"Over the last several months, we have been very successful at building an experienced management team and establishing our Company as a market leader with multiple business units in one of the fastest growing sectors in the country," stated Eric Hagen, CEO of Cannabis Kinetics Corp. "This recent growth has reshaped the Company and provided us with numerous potential opportunities beyond a purely cannabis focused business model. The formation of this new subsidiary moves us one step closer to leveraging these opportunities and completing our strategic evolution into Monarch America Inc., a corporate and brand name that we feel more accurately reflects our current and future diversified business plan and image." 

Hagen concluded, "With Monarch America as our new fully diversified corporate identity and national brand, we anticipate accelerating our plans to expand our current business units focused on hydroponics and garden supplies, enter new geographic markets across the country, and launch new high-demand products and services for consumers and businesses." 

The proposed name change of the Company to Monarch America Inc. and the 3-for-1 forward stock split remain subject to the approval of the appropriate state and federal regulators. Further updates regarding the name change, stock split, and other potential Company announcements will be provided in subsequent press releases.

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

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Facebook: https://www.facebook.com/CannaKinetics
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Additional information regarding the Company can also be found on its website at www.CannabisKinetics.com

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.

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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