SOURCE: Monarch America, Inc.

Monarch America, Inc.

September 28, 2015 08:00 ET

Monarch America Signs Letter of Intent With Malama Wellness in Hawaii for Marijuana Cultivation Facility

DENVER, CO--(Marketwired - Sep 28, 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 Malama Wellness, LLC ("Malama Wellness"), developers of a planned medical marijuana business in Hawaii. 

The LOI contemplates the parties entering into a definitive management consulting agreement pursuant to which Monarch will oversee and manage all facets of a marijuana operation as specified by Malama Wellness in Hawaii, including property management, technology and equipment leasing to inventory control, staffing, and day-to-day operational management. 

"We continue to expand our marijuana consulting and advisory business into new states with strong established local partners," commented Eric Hagen, CEO of Monarch America. "Our team looks forward to assisting Malama Wellness with the design and operation of their new state-of-the-art medical marijuana facility in Hawaii."

"Partnering with Monarch America's marijuana consulting business to design and operate our new medical marijuana facility in Honolulu will allow us to leverage their industry knowledge and unique hands-on operational experience," stated Tak-Sang Cheng, Managing Partner of Malama Wellness, LLC. "I am confident that Monarch's involvement in the management of our new facility will be a cost-effective way to build and maintain the best-possible medical marijuana focused business in Hawaii."

Monarch and Malama Wellness shall use their best efforts to close the transaction as promptly as possible. The agreement to be negotiated and entered into by the parties will contain the usual and customary representations, warranties, covenants, and conditions, including but not limited to: satisfactory results of the parties due diligence investigations, obtaining the appropriate financing or commitment, approval of all necessary and related documents and agreements, and approvals of the State of Hawaii 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 design, construction, and development of state-of-the-art marijuana cultivation facilities and retail operations, including property management, technology and equipment leasing, 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.

Contact Information