Cannabis Medical Solutions Announces New Agreement to Provide Merchant Services, Medical Patient Cards and Digitized Medical Rec
June 17 2011 - 10:08AM
Cannabis Medical Solutions Inc.
(http://www.cannabismedsolutions.com/) (OTCBB:CMSI), a leading
company specializing in merchant payment solutions and financial
products for the medical marijuana and health care industries,
today announced an agreement to provide financial payment and
processing solutions to a licensed medical marijuana dispensary and
wellness care center in the state of California. The agreement will
enable CMSI to provide merchant services to help eliminate cash
only transactions, provide patient ID cards for transactions and
tracking as well as digitized medical records in the near future.
The licensed, non-profit dispensary operation has approximately
5,000 patients registered to the center.
"We are pleased to continue to be the leading provider of
financial payment transactions and patient services within this
sector, and at the same time expanding our secure financial
solutions throughout the overall medical sector," stated Michael
Friedman, CEO for Cannabis Medical Solutions.
The Company will additionally be releasing an 8K outlining
significant events of the Company as related to the shareholder
later released earlier this month after the close of markets
today.
About Cannabis Medical Solutions
Cannabis Medical Solutions Inc. (OTCBB:CMSI)
(http://www.cannabismedsolutions.com/) offers a full spectrum of
secure and reliable transaction processing solutions using
traditional, Internet Point-of-Sale (POS), e-commerce and mobile
(wireless) terminals in conjunction with Industry Alliance
Partners. The Company has recently focused on providing payment
solutions to the licensed medical marijuana dispensaries throughout
15 states, in an effort to keep these businesses within the
guidelines of CO Amendment 20, SB 109 and HB 1284, CA Proposition
215, SB 420, SB 1449 and Proposition 19. Cannabis Medical Solutions
(CMSI) offers reliable merchant payment solutions and closed loop
pre-paid stored value and loyalty cards as a unique cash
alternative to these regulated dispensaries for both operators and
members of collectives. CMSI will seek to capitalize on this
presently untapped and much needed solution and presently provides
services to multiple locations throughout California, Colorado and
Montana.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Cannabis Medical Solutions
Inc. to be materially different from the statements made
herein.
CONTACT: Cannabis Medical Solutions Inc.
Investor Relations:
305-396-9097
info@cannabismedsolutions.com