SANTA CLARITA, CA--(NewMediaWire - Feb 8, 2017)
- USEI CANNABIS Initiatives CORP, a wholly owned
subsidiary of US ENERGY INITIATIVES CORPORATION,
INC. (OTC
PINK: USEI) is a California based company and is pleased
to announce that it will focus all of its energy on California
cannabis and focus on 4 separate initiatives: Growing cannabis (we
currently have a license to grow for medical), selling cannabis
based products (which we have done since 2014), establish our brand
Real McCoy Genuine products and produce, sell and market cannabis
oil for the marketplace. In November of 2016 California voters
voted to make California the 4th state to approve recreational
cannabis and this market is projected to be a 25 billion dollar
industry with over 20 different subsections within this industry
and USEI is seeking to benefit from this opportunity and sell
market and produce products for California consumers. Being a
California based firm with significant connections among growers,
dispensary owners and product produces is also a benefit to our
potential success. California is the largest black market for
cannabis and now with the advent of legal products emerging on the
scene and a rash of new clients waiting to get in line to buy legal
Marijuana and all of the related products create by this new
market, creates a "gold rush" for all participants.
According to Anthony Miller, CEO, "In 2014 we
entered the cannabis space and immediately opened 2 dispensaries in
the state of Washington where we sold CBD based products (topicals,
tincture, lotions, potions, straight CBD oil, pills, vapes,
t-shirts, batteries, pens, pipes, edibles and a wide range of
products branded with our logo "real McCoy Genuine Cannabis"), we
had an online store called the Ultimate Cure, and got in line to
get a Recreational license in the state of Washington. Our
success was limited because we were not permanent residents and
because we got into the game a little late and saw many residents
make significant money all around us. Our goal is to take all of
the experiences we have learned in the past years and channel it
and all of our energy and strategic partnerships into California
cannabis. USEI has a current license to grow and partners that have
been growing for many years successfully in California and know the
hottest strains that produce the highest yields and money. We plan
on growing California cannabis in the 1st quarter of 2017; also we
plan to re-launch our online store under our brand name Real McCoy
Genuine Cannabis, and more importantly our focus will be on
producing cannabis oil for the California marketplace. This week
Management is in Oregon where the best cannabis oil in the world is
currently being sold and produced... because the best technology is
here. It is Management's view that the production, sales and the
ability to create products with the highest quality oil and the
highest quality THC and or CBD is key to our success. This will be
our major focus in 2017... super-critical CO2 extractions with the
best available technology and it our goal to leverage our
relationship with MRX- xtractors to accomplish our goals
(YouTube it folks you will be amazed). We will
describe this plan and our relationship at a later date. This
new vision will be the best path possible, and that 2017 and beyond
will be our better years," commented Miller.
About U.S. Energy Initiatives: U.S. Energy
Initiatives Corporation (OTC
PINK: USEI) is a diverse energy firm. USEI
and its wholly owned subsidiary USEI
Cannabis business' centers on hemp to energy,
everything cannabis related and developing products and services
for the marketplace. Our Ultimate
Cure & Real McCoy Genuine
Products: we market vapor pens and accessories, topical
ointments, cannabis oils and tinctures all under these same names.
Our goal here is to become an environmentally responsible firm,
marketing our products to our audience to produce significant
revenue and add value for our shareholders. We have very ambitious
goals and objectives for USEI Cannabis and we believe that we will
have a very long presence in Washington, Oregon, California and
wherever cannabis is legal. Our objective is to create a foundation
that will be instrumental in our continued efforts to capture our
market-share and create viable products that meet our goals and
objectives for these markets. For more information regarding our
strategies it can be found on the company's website @ www.useicannabis.com/web/.
DISCLOSURES: "Safe Harbor" This press
release contains forward-looking statements including statements
regarding the timing of the revenue from the partnership and the
partnership's success. The words "believe," "may," "estimate,"
"continue," "anticipate," "intend," "should," "plan," "could,"
"target," "potential," "is likely," "will," "expect" and similar
expressions, as they relate to us, are intended to identify
forward-looking statements. We have based these forward-looking
statements largely on our current expectations and projections
about future events and financial trends that we believe may affect
our financial condition, results of operations, business strategy
and financial needs. Important factors that could cause actual
results to differ from those in the forward looking statements
include consumer reaction to our Cannabis products and new
regulations which affect the distribution of these products.
Further information on our risk factors is contained in our filings
with the OTC Markets. Any forward-looking statement made by us
herein speaks only as of the date on which it is made. Factors or
events that could cause our actual results to differ may emerge
from time to time, and it is not possible for us to predict all of
them. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by
law.