DEL MAR, California, Nov. 15, 2017 (GLOBE NEWSWIRE) -- American Diversified Holdings Corporation announces new business initiative in Cannabis Delivery Systems; attendance at MJBizCon Expo in Las Vegas on November 15-17, 2017
Nov 02, 2017
OTC Disclosure & News Service
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DEL MAR, Calif., Nov. 01, 2017 (GLOBE NEWSWIRE) -- American Diversified Holdings Corporation (OTC:ADHC) announces a new business initiative with Hemp Plus and Cannabis delivery systems. Attendance at the MJBizCon Expo in Las Vegas, Nevada will be instrumental in developing existing relationships for its premier launch of new delivery systems that offer portability and innovation for the Cannabis market.
MJBizCon Expo in Las Vegas is the largest Cannabis conference in the world.
For more information please view; www.mjbizconference.com
Investors can track ADHC developments at www.investadhc.com
World innovators such as GFarmaLabs and CannaKorp will be in attendance and most specialty sessions are sold out.
ADHC executives have been busy meeting with industry leaders and have identified a business opportunity designing, developing, importing and commercializing a new line of Hemp Plus and Cannabis delivery systems. More information will be forthcoming and details are finalized.
ADHC will take a systematic approach to the creation of superior CBD products, Cannabis delivery systems and accessories. ADHC will focus on setting the bar above current standards in the industry related to safety and health. This array of premium quality Cannabis delivery systems provide a new perspective to traditional marijuana products. Vaporizer delivery systems are devices used to heat up Hemp Plus and Cannabis, and release their natural ingredients as vapor, eliminating the combustion component in smoking. Vapor delivery systems are reported to be a healthier substitute to smoking devices. As a result, many smokers are converting to these delivery systems in order to enjoy Hemp Plus and Cannabis at a significantly lower risk of harmful health consequences.
ABOUT THE US AND CALIFORNIA CANNABIS INDUSTRY
Approximately 24 states have legalized Medical Cannabis use and 8 states have legalized recreational use. California's legal marijuana sales likely will climb to $1.6 billion within the first year, according to an Arcview report. The California medical and recreational industry is projected to reach $6.5 billion in revenue by 2020, up from $2.8 billion in 2015, according to the report. The nation's legal cannabis industry is expected to climb to $23 billion in 2020, up from $5.7 billion in 2015. The state of Colorado recently reported 2016 revenues of $1.3 billion and tax revenues of $200 million. Recently, 27 US congressmen, both Republican and Democrat, have introduced a new law known as, "Respect the State Marijuana Laws Act," prohibiting federal prosecution for business in compliance with state law. This bill will formally legislate the current US policy.
ABOUT AMERICAN DIVERSIFIED HOLDINGS CORPORATION
American Diversified Holdings Corporation is a holding company that provides executive management, corporate governance, administrative support, financial advice, and introductions to capital sources to various micro-cap private and public companies that have proven revenues and business models.
Safe Harbor
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the Company's plans to change and are in no way intended to guarantee that the Company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no reference has been made that this release contains all such information.