SOURCE: Healthnostics, Inc.

Healthnostics, Inc.

October 29, 2015 07:55 ET

Healthnostics, Inc., Plans Expansion into Cannabis Industry

NEW YORK, NY--(Marketwired - Oct 29, 2015) - Healthnostics, Inc. (OTC PINK: HNSS) is pleased to provide this follow-on update to the Company's recent announcement regarding its new capital structure and plans. While evaluating market sectors and potential transactions, it became evident that the best option for the immediate future was continuing to focus on the burgeoning cannabis industry market due to the sector's explosive growth.

The cannabis market, which according to a report published by The ArcView Group, a cannabis industry investment and research firm, the totality of the legal marijuana market could have an overall worth of $11 billion annually by 2019. By contrast, sales in 2014 were estimated at $2.7 billion.

Healthnostics, Inc.'s first foray in the cannabis sector was the development and subsequent sale of BakedAmerican.com, a recreational cannabis consumer website. Now, after this successful project, the Company seeks broader opportunities for growth in the cannabis sector through acquisition, new business development and joint ventures that serve specific vertical markets within the cannabis industry.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

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