Miami, FL -- March 17, 2017 -- InvestorsHub NewsWire -- ML Capital Group, Inc. (USOTC: MLCG) today announced the launch of Platinum High Life Tours, a luxury tour operator serving the burgeoning $6.7 billion global cannabis market. Today’s announcement comes just 10 days after the Company announced a strategic acquisition to take a 25% interest in Colorado Highlife Tours, with the option of acquiring an additional 24% percent stake in the Colorado-based cannabis tourism company. MLCG also recently announced that the Company’s existing luxury tour operation and flagship brand, Platinum Tours of Maui, realized a 25% increase in first-quarter revenue over 2016, following on an equally impressive 29% increase from 2015 to 2016.
Platinum High Life Tours will serve the discerning cannabis tourist, with custom itineraries around the world, 5-star accommodations, fine-dining and more. The company will soon announce its first bespoke tour in Jamaica, which will include exclusive plantation tours and cannabis dining experiences in the global home of cannabis culture.
MLCG is also developing and implementing custom technology products and services for Platinum High Life with the goal of creating a truly distinctive client experience.
MLCG $1 Million 2017 Sales Forecast
MLCG recently released a preliminary $1 million 2017 sales forecast based on the Company's fourth quarter record sales and nearly $452,000 in historical annual revenue earned prior to its record fourth quarter sales. Given the existing revenue, the launch of Platinum High Life Tours, and ongoing business momentum that Colorado Highlife Tours brings to MLCG, the management anticipates revising the 2017 revenue forecast upwards after the close of the first fiscal quarter.
Currently the Cannabis industry is estimated to be over $6.7 Billion and sales are projected to exceed $20 billion by 2020
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.