SOURCE: Monarch America, Inc.

September 01, 2015 08:30 ET

Monarch America Signs Letter of Intent for Marijuana Cultivation Facility With the Passamaquoddy Tribe in Maine

DENVER, CO--(Marketwired - Sep 1, 2015) -  Monarch America, Inc. (OTCQB: BTFL) ("Monarch America" or the "Company") is pleased to announce that it has signed a Letter-of-Intent (the "LOI") with the Passamaquoddy Tribe, a federally recognized tribe in the state of Maine, for the design, construction, and development of a proposed state-of-the-art marijuana cultivation facility on sovereign Passamaquoddy Tribal Trust Land. 

As per the LOI, the parties intend to execute a Management Consulting agreement under which Monarch America will design, engineer, and build out an existing 35,000 sq. ft. structure located on Passamaquoddy Tribal Trust Land for marijuana cultivation. In addition, Monarch America will oversee and consult regarding all facets of the marijuana operation, including property management, technology and equipment purchasing, inventory control, staffing, and day-to-day operational management.

"Partnering with the Passamaquoddy Tribe to help create the first legal marijuana cultivation operation on sovereign tribal land in Maine would literally make Monarch America one of only a few coast-to-coast cannabis consulting and advisory businesses in the country," stated Eric Hagen, CEO of Monarch America Inc. "We look forward to utilizing our constantly expanding design and operational expertise to assist the Passamaquoddy Tribe to build and maintain a thriving marijuana focused business, increase economic diversity and stability, and create many important new jobs for the tribe and its many members."

Monarch and the Passamaquoddy Tribe shall use their best efforts to close the transaction as promptly as possible. The closing of the transaction contemplated by the LOI is subject to terms and conditions, including, but not limited to, completion of due diligence, financing, execution of definitive transaction documents, approval of all necessary and related documents and agreements, and the approval of the Passamaquoddy Tribe, as required. There can be no assurance that any transaction will be completed as proposed or at all.

About Monarch America, Inc. (BTFL)

Monarch America, Inc. (OTCQB: BTFL) is a fully integrated management and consulting company, delivering trusted high-value products, services, and turnkey solutions to the legal and regulated marijuana and hemp industry. While not directly engaged in the sale of marijuana or hemp, Monarch America is equipped to oversee and manage all facets of retail operations, from property management, and technology and equipment leasing, to inventory control, staffing, and day-to-day operational management. The Company's wholly-owned subsidiary, The Big Tomato, Inc., is a leading supplier of hydroponics & indoor gardening supplies for Denver, Colorado and the surrounding communities since May of 2001. Monarch America also develops and markets various high-quality branded hydroponics and commercial growing products for national distribution.

Additional information regarding Monarch America, Inc. (OTCQB: BTFL) can also be found at www.MonarchAmerica.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 will probably 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 Monarch America (f/k/a Cannabis Kinetics Corp.) filings with the Securities & Exchange Commission. As a reporting issuer with the Securities & Exchange Commission, Monarch America files quarterly reports (10-Q), annual reports (10-K), 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 Monarch America, Inc.'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. Monarch America 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 Monarch America expectations and estimates. Information on Monarch America's website does not constitute a part of this release.

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