FORT WAYNE, IN--(Marketwired - Apr 30, 2014) - Freedom Energy Holdings, Inc. (OTC: FDMF) CEO, Brian Kistler, today announced that the Company has entered the Medical Marijuana industry by taking a cash equity stake in Canna Security America LLC.
Dan Williams, CEO, Canna Security America LLC, commented, "It with great pleasure to have Freedom Energy as a stake holder and partner in CSA. I am confident that as our relationship deepens it will be a wonderful experience for all parties. Please visit our website www.cannasecurity.com."
"The investment into CSA is the first of many opportunities that have been presented to me for consideration. We have many more such opportunities in the process of closing," stated Kistler.
"This fits into our model of diversification as a holding company. Mr. Williams and I have been in discussions for many weeks and I have never been more excited for the future of our company as I am right now, while we wait for the anticipated approval from the Michigan DEQ regarding our ELAS process.
"All investment into the MMJ space will be under the wholly owned subsidiary Global Medical Marijuana Forum, Inc. CSA is a long term player in the MMJ Industry, perhaps one of the first and only security company that focuses on the Cannabis market. I believe that with the industry exploding and entering many states other than Colorado CSA has a very bright future, which will translate into value for the FMDF shareholders. I have also negotiated the option that as CSA grows and is in need of further cash investments, Freedom will have the first right of refusal to supply that need by taking a larger stake in CSA. CSA is a winning hand and I would like to have as large of a position in CSA as possible over time," stated Kistler.
All information regarding the progress of Canna Security America, LLC will be available on the website of the wholly owned subsidiary: Global Medical Marijuana Forum, Inc. (GMMF) This subsidiary will house all of the related investments into the Medical Marijuana ("MMJ") Industry. The website has been created and is under development by Robert Panek, Chief Technology Officer, FDMF. More information will be forth coming regarding how the website www.globalmedicalmarijuanaforum.com will be utilized to bring value to our shareholders.
ABOUT Canna Security America LLC:
Canna Security America (CSA) is the leading security solutions provider catering to businesses in the licensed marijuana ("MJ") industry. Building on success as an MJ industry security specialist in the Colorado market, CSA is now expanding operations to the other legalized U.S. states as part of a national rollout. CSA aims to leverage its brand and capitalize on the opportunity to serve fast growing numbers of MJ cultivators, processors, dispensaries and retailers across the country. Founded in Denver, Colorado in 2009, CSA is the only security company entirely dedicated to the emerging licensed marijuana industry. Product solutions are tailored to the particular nuances and requirements of licensed MJ businesses, and CSA has built an unparalleled reputation of quality and dependability with customers. Over 300 permitted MJ facilities has CSA security systems installed by highly trained security professionals. CSA management is proud that all that all 300 facilities achieved a 100% licensing approval rating, which is critical to the viability of those businesses. For more information please visit www.cannasecurity.com.
ABOUT FREEDOM ENERGY HOLDINGS, INC:
Freedom Energy Holdings, Inc. (OTC: FDMF) is a holding company that specializes in the identification and development of technologies with commercial applications. The company's primary focus is the commercial development of its proprietary, breakthrough technology; (SR-139) proven to be effective at breaking down asphalt shingles allowing the extraction and recovery of hydrocarbons.
FORWARD LOOKING STATEMENT - This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company's public announcements.