Healthnostics, Inc., Plans Expansion into Cannabis Industry
October 29 2015 - 8:34AM
InvestorsHub NewsWire
NEW YORK, NY - (NewMediaWire)
- October 29, 2015 - Healthnostics, Inc. (OTC
PINK: HNSS) is pleased to provide this follow-on update to
the Company's recent announcement regarding its new capital
structure and plans. While evaluating market sectors and potential
transactions, it became evident that the best option for the
immediate future was continuing to focus on the burgeoning cannabis
industry market due to the sector's explosive growth.
The cannabis market, which according to a report published by
The ArcView Group, a cannabis industry investment and research
firm, the totality of the legal marijuana market could have an
overall worth of $11 billion annually by 2019. By contrast, sales
in 2014 were estimated at $2.7 billion.
Healthnostics, Inc.'s first foray in the cannabis sector was the
development and subsequent sale of BakedAmerican.com, a
recreational cannabis consumer website. Now, after this successful
project, the Company seeks broader opportunities for growth in the
cannabis sector through acquisition, new business development and
joint ventures that serve specific vertical markets within the
cannabis industry.
This press release may contain certain statements that are not
descriptions of historical information, but are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Exchange Act of 1934. These
forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management's current views
and are based on certain assumptions. Actual results could differ
materially from the assumptions currently anticipated.
EnviroTechnologies (CE) (USOTC:ETII)
Historical Stock Chart
From Mar 2024 to Apr 2024
EnviroTechnologies (CE) (USOTC:ETII)
Historical Stock Chart
From Apr 2023 to Apr 2024