Bud Genius Doubles Scope of Business
August 20 2014 - 8:37AM
Business Wire
Bud Genius (Symbol: RIGH) through its new development
subsidiary, Genius Biotech Corporation, has now become more than a
lab, launching new product distribution services for medical
marijuana accessories in the growing number of states where
legal.
Sales reps are already entering dispensaries to receive samples
for testing on a weekly basis, thus adding a product catalog is
highly efficient. This pre-existing sales network eliminates the
need for additional visits by personnel from product companies. By
combining these all into one visit, the Bud Genius sales force can
offer more comprehensive products and services, train personnel on
product features, and refill inventories as needed.
Bud Genius will expand its services line to begin providing its
wholesale distribution catalog of professional grade products for
patients using medical marijuana as well as a catalog of products
and similar accessories to growers and dispensaries. The company
will work with known and emerging product manufacturers to leverage
its network of industry relationships by matching cannabis
dispensaries to high-volume selling products.
Company CEO, Angel Stanz had this to say, “This new subsidiary
will more than double the revenue potential of our company. There
is a massive buying demand for quality products in the cannabis
marketplace, which could really grow with further legalization. Bud
Genius has cultivated our buying relationships for over four years,
and yet we find that new companies with great products are having
difficulties getting placement at the retail level. In addition to
our testing services, we are now maximizing the effectiveness of
our sales team by giving them a larger toolkit to generate profits.
The Bud Genius brand is an established beacon of quality for
cannabis products, and is now extending this stamp of approval to
quality accessories. Through our new subsidiary, we will be fully
audited, Sarbanes-Oxley compliant, and fully reporting. We are
offering the same level of quality to our own customers, and to
their customers.” Bud Genius does not grow or manufacture
marijuana, but it is well positioned to optimize the availability
of accessory products and laboratory services in the marketplace.
More information will soon be available online.
Companies with suitable inventories that are interested in
distributing their products to a greater audience are invited to
contact BuyingPower@BudGenius.com
As of yesterday, quarterly reports are being prepared by the
Wells Compliance Group, an accounting and SEC reporting services
firm in Santa Monica, California. These will be posted as soon as
the firm has completed them.
About Bud Genius
An early leader in an industry that many are speculating will
grow, Bud Genius is one of the first established analytical
cannabis laboratories in the United States. Bud Genius was launched
to bring vendors together with doctors, patients, and dispensaries
that require certified products held to demanding standards. Bud
Genius has a vision to expand across the US and abroad serving as
the beacon of quality for medical cannabis and adult-use marijuana
through the formation of regional laboratories. Certification, data
collection, and online reports are the measure by which the company
gains.
Bud Genius, Inc.Angel StanzChief Executive
Officer855-723-3283PR@BudGenius.com
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