SUNRISE, Fla., Dec. 04, 2018 (GLOBE NEWSWIRE) -- Profile Solutions, Inc. (OTC Pink: PSIQ) announces it has granted the exclusive distribution rights for Mexico and Argentina to RCS International Investments, Corp. (“RCS”) with first year minimum guarantee of $ 500,000 and 20% growth per year thereafter.
On June 19, 2017 Mexican President Enrique Peña Nieto signed a bill into law that officially legalized the cultivation, production, and use of medical cannabis products with less than 1% tetrahydrocannabinol (“THC”) in Mexico. Investment site The Motley Fool recently published an analysis by Keith Speights of forecasts for the 2022 marijuana market. Fool predicts that Mexican sales of legal marijuana “are projected to reach $99 million by 2022, as regulations are relaxed, up from an estimated $14 million this year. See https://www.forbes.com/sites/sarabrittanysomerset/2018/08/26/the-top-three-most-overlooked-marijuana-markets/#41d4aa0b55c2 .
In March 2017, Medical cannabis became legal in Argentina with a prescription from a licensed physician in Argentina. Cannabis patients will be able to access the medication for free via the public health system. Qualifying conditions for Argentina's medical marijuana program include persistent, hard-to-treat pain, refractory types of epilepsy, and autism, among others. The passing of these laws also lay down the groundwork for a growing medical cannabis industry and commits the Health Ministry to producing and supplying sufficient amounts of cannabis in all its forms to support the new program. See https://www.cannabis.info/en/blog/legal-status-marijuana-argentina.
“With Medical Cannabis now legal in Mexico and Argentina, there is tremendous opportunity for growth. We believe that RCS under the leadership of Rafael Salvia will best monetize the opportunity for PSIQ. Mr. Salvia has an excellent track record of success and we have total confidence in his abilities and commitment,” stated Dan Oran, CEO of PSIQ.
ABOUT RCS INTERNATIONAL INVESTMENTS CORP.
RCS International Investments, Corp. (“RCS”) formed in 2004 is a leading distributor of electronic equipment, hardware, video games, screen cameras, video games consoles, games and accessories from the United States to Argentina. RCS main suppliers are Florida Games, WIT, Fair Price, Innovations Computers, Apple (corporation account), Solutions to go (Sony Corporation), F & E and 888.
ABOUT PROFILE SOLUTIONS, INC.
Profile Solutions, Inc., through its subsidiary Elite Products International, Inc., is a leading distributor and manufacturer in the cannabinoid (CBD) industry. The Company's products contain cutting-edge CBD industrial hemp extracts in the form of edibles, creams, oils, salves and others. Financial information can be found at www.otcmarkets.com/stock/PSIQ/profile . Please visit the company website at www.profilesolutionsinc.com,
Facebook at www.facebook.com/EliteProductsINTL/,
Instagram at www.instagram.com/elite_hemp/,
Linkedin at www.linkedin.com/in/elite-hemp-products-3a863914a/,
Twitter at www.twitter.com/Elitehemp_intl
Blog at www.elitehempproducts.com/blog.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
FOR INFORMATION, PLEASE CONTACT:
Dan Oran, President
Profile Solutions, Inc.
8411 West Oakland Park Blvd.
Suite 201
Sunrise, FL 33351
Dan@profilesolutionsinc.com
(844) 856-8838