SHERIDAN, WY, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Critical Solutions, Inc. (OTC PINK: CSLI) formally announces the acquisition of Brother Buds™, a Licensed California medical cannabis delivery service. Mr. Sam Barraza, CEO of MKH Ventures, states, ''We are proud to announce the acquisition of Brother Buds™ into Critical Solutions. This acquisition provides the company new revenue streams, expertise in cannabis delivery, and experienced personnel. We start first with medical delivery to initially expand and integrate the processes into our infrastructure and relationships.” Mr. Barraza adds, “We expect to gain new revenues as we license the Brother Buds™ brand to our subsidiaries and we will sell our brands and products to other distributors. In the coming weeks, our shareholders can expect to see additional brands and products added to the delivery service, along with new key executives being added to the management team.”
Mr. Munck, VP of Business Development adds, “Brother Buds™ has extensively test marketed its delivery service to the southern California counties from Los Angeles to San Diego and the Inland Empire with over 18 million population in 2020. We know that one driver’s gross sales are between $15k to $20k per month and that area has a potential of 100 drivers being added over 24 months to 36 months time period. Sales could easily reach $1.5 million per month in that time span. The asset value would be worth well over $10 million with 100 drivers delivering for Brother Buds™”.
Mr. Munck concludes, “The all stock acquisition demonstrates that other companies are now seeing the value of being an asset in the Critical Solutions holding company. With this acquisition, Critical Solutions has strategically developed cannabis assets from “seed to sale” allowing for greater profit by being vertically integrated.”
About Critical Solutions, Inc.
Critical Solutions, Inc. (OTC Pink: CSLI) is a diversified holding company and the parent company of Rodedawg International Industries, Inc. (OTC Pink: RWGI) and Universal Systems, Inc. (OTC Pink: UVSS). Critical Solutions, Inc. acquires and invests in emerging growth and profitable companies. To subscribe to company updates, please visit the Company's website at http://criticalsolutionsinc.com/
About Brother Buds™
Brother Buds™ is a regional medical cannabis delivery service that has partnered with cannabis delivery license holders to provide products and services to southern California cannabis market. To view the company’s products and subscribe to company updates, please visit the Company's website at http://www.BrotherBuds.com/.
Contact Information:
CSLI Shareholder/Investor inquiries can be directed to:
Critical Solutions, Inc.
1-800-395- 6811
ir@criticalsolutionsinc.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE: Critical Solutions, Inc.
