Digital Utilities Ventures to Become Seed to Sale Player in the $10 Billion Legal Cannabis Market
February 07 2018 - 9:00AM
InvestorsHub NewsWire
Boston, MA -- February
7, 2018 -- InvestorsHub NewsWire -- Digital Utilities
Ventures, Inc. (OTC:DUTV)
today announces a redirection in corporate operations and the
pending launch of several new businesses in the legal cannabis
sector. The Company looks to become a formidable presence in
the legal cannabis marketplace and has thus far identified several
areas where it plans to launch operations, especially relating to
Cannabidiol (CBD)), which is the non-hallucinatory compound that
has significant medical benefits for the treatment of a wide range
of medical conditions. These business opportunities will not
only focus on existing cannabis related products and opportunities,
but also on new and innovative applications for cannabis
usage.
“It is an exciting time on
the development of the legal cannabis sector as more U.S. states
open up for legal medical and recreational use, especially when we
consider the huge market growth that is occurring,” commented CEO
of Digital, Pat Scorzelli. “According to several market
watchers, the legal cannabis sector produced over $10 billion in
revenues during 2017 with projected growth to over $24 billion by
2021. For the past few months, we have been working to put
into place several significant relationships in this market sector,
which we will be sharing with Digital investors as we move toward
closure. Our message to our investors is simple – we plan to
be heavily involved in this marketplace, so stay tuned as we more
fully outline our plans over the coming weeks.”
The Company’s strategy for
growth will be to both acquire existing and developing business,
while also directly fostering growth through internal business
development. These opportunities range from seed to
sale, including not only cultivation, processing and distribution
operations, but also new technologies for cannabis
edibles.
Digital’s management team is
working quickly to restore the Company to Current Reporting status
with the OTC Markets Group, filing a 48 page disclosure statement
on February 2, 2018, which can be view at this link http://www.otcmarkets.com/financialReportViewer?symbol=DUTV&id=186952.
About Digital Utilities
Ventures, Inc.
Digital Utilities Ventures has targeted the medical and
recreational segments of the marijuana market. Our core
product line is CBD and its medical derivatives and line
extensions. CBD (Cannabidiol) - is a cannabis
non-hallucinatory compound that has significant medical benefits
for the treatment of a wide range of conditions such arthritis,
diabetes, alcoholism, MS, chronic pain, schizophrenia, depression,
antibiotic-resistant infections, epilepsy, opioids and other
neurological disorders. By following the lead of industry
innovators and trailblazers, such as Terra Tech Corp. (OTCQX:TRTC),
Marijuana Company of America (PK:MCOA), Sugarmade, Inc.
(OTCQB:SGMD), and mCig, Inc. (OTCQB:MCIG), Digital Utilities
Ventures, Inc. is poised to become an industry innovator by
developing an end-to-end supply chain approach to the legal
cannabis and hemp markets. The Company’s strategy is to develop
through acquisitions and business development a vertically
integrated business model that covers the entire spectrum of the
CBD business from cultivation, through production, quality control
and finally to distribution through dispensaries.
Forward Looking Statements
This press release includes statements that may constitute
"forward-looking" statements, usually containing the words
"believe," "estimate," "project," "expect" or similar expressions.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
acceptance of the Company's current and future products and
services in the marketplace, the ability of the Company to develop
effective new products and receive regulatory approvals of such
products, competitive factors, dependence upon third-party vendors,
and other risks detailed in the Company's periodic report filings
with the Securities and Exchange Commission. By making these
forward-looking statements, the Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release.
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