Rango Energy, Soon to Become Verde Science, Inc. Provides Update on Entry Into Medical Marijuana Business Sector
April 16 2014 - 4:24PM
Marketwired
Rango Energy, Soon to Become Verde Science, Inc. Provides Update on
Entry Into Medical Marijuana Business Sector
DALLAS, TEXAS--(Marketwired - Apr 16, 2014) - Rango Energy,
Inc., (soon to become "Verde Science, Inc.", "the Company")
(OTCBB:RAGO), in follow up to its announcement that it is moving
into the licensed medical marijuana business, is pleased to provide
an update to its shareholders.
The Company, through a signed letter of intent, has entered into
exclusive negotiations with established industry leaders as it
continues to analyze best practices for entering the nuanced
California market for services to medical marijuana patients. As
previously announced, Verde Science plans to join forces and work
in partnership with established players that have embraced an
all-encompassing, integrated public health approach to medical
marijuana with plans to become the leader in providing services to
the cannabis using patient community.
Verde Science will initially pursue a move into Southern
California, where hundreds of small collectives proliferate.
Southern California has a well-established base of medical
marijuana patients -- in fact, one of the larger ones in the world.
Verde's focus, in collaboration with its partners, is on deploying
an integrated health care model that the Company believes will be a
game changer in California and, over time, other U.S. states.
Verde Science plans on completing its assessment and intends to
finalize agreements with its partners in order to be able to
provide a variety of products and services that will be unveiled in
the coming weeks.
Said Verde Science CEO Harp Sangha, "California has a highly
fragmented cannabis patient community because the state law
requires its patient organizations to adhere to the rigorous
ordinances that have been established. Taking the long view of the
potential of this industry, we believe it is worthwhile to invest
with our partners in California, and during this incubation period,
develop a legal and compliance framework as a demonstration of our
bona fides as a legitimate player in what we believe will become a
very large for-profit market place."
Sangha continued. "Specifically, through the relationships we
have established, Verde Science intends to move into the health
industry through the medical cannabis patient community in Southern
California by using best practices to ensure legal compliance as
well as providing ancillary services including alternative health
products and services to cannabis-using patients.
"Through these efforts we will be building relationships and
establishing a foothold in what is likely to become one of the
largest markets in a for-profit industry. We are working within the
current confines of the robust California market with the goal to
position Verde Science as the leading edge player in the cannabis
industry that we believe is poised for expanded legalization as
soon as 2016."
Sangha concluded, "We intend Verde Science to be one of the
initial corporate players in the medical marijuana industry that
currently lacks sophistication, controls, standards and innovation.
Verde is assembling a highly experienced team that will deploy
state-of-the-art technology and a superior methodology to enter and
take meaningful market share that can be repeated and expanded as
more and more jurisdictions adopt legal use of cannabis products to
address health care issues. But we want to stress that we are being
meticulous, measured and diligent and as we move forward with an
absolute focus on compliance while offering the patient community
unsurpassed, fully integrated, holistic health care programs."
About Rango Energy, soon to be Verde Science, Inc.
The Company has identified and developed relationships with and
is working to acquire leading manufacturing and research and
development experts in the burgeoning medical marijuana industry.
The Company is focused on supporting research and development of
the highest quality, greatest yield medicinal cannabis products
through its activities in Canada, as well as an integrated health
care model to continually provide patients with a superior cannabis
health care experience.
Safe Harbor Statements
Certain information contained in this news release constitutes
"forward-looking statements" as such term is used in applicable
United States and Canadian laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates",
"intends" or "believes", or that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur", or
"be achieved".
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made,
and are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements. Many of
these factors are beyond the Company's ability to control or
predict. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company's
filings with the SEC.. The Company believes that the expectations
reflected in the forward-looking statements included in this news
release are reasonable; however, no assurance can be given that
these expectations will prove to be correct, and such
forward-looking statements should not be unduly relied upon. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise.
Rango Energy, Inc.1-858-210-0236www.rangoenergy.com
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