Cannabis Grower Sunset Island Group Receives Cultivation License
January 19 2018 - 9:00AM
InvestorsHub NewsWire
Cannabis Grower Sunset Island Group
Receives Cultivation License
San
Clemente, CA -- January
19,
2018 -- InvestorsHub
NewsWire -- SUNSET ISLAND GROUP, INC. (OTCQB:
SIGO) announced today that the company has received its
cultivation license.
CEO
Valerie
Baugher
stated,
"It has been interesting watching the process evolve as it pertains
to legally growing cannabis in the state of California now that
recreational marijuana is legal as of January 1, 2018. We've known
for some time now that licensing and permitting would be a process
that every grower would have to re-visit
this
month and I'm happy
to report
to our shareholders that it's not as complicated as we had
initially thought."
Ms.
Baugher
went on
to state, "Basically it comes down to three documents that each
grower has to have on file. One is the cultivation license, two is
the manufacturing license and three is the distribution permit. We
are happy to report that as of today, we have received our
cultivation license for adult and
medicinal products and feel confident
that the other two will be processed and in our hands within the
next couple of weeks."
Ms. Baugher
finished
up with, "The approval of
recreational marijuana should prove to be a huge benefit to us from
a revenue standpoint. We're working on updated projections for 2018
and beyond. Currently, our entire team is in
the process of cultivating two more 2,000 square foot bays over the
next few days and with recent adjustments and modifications that
we've made, we've been able to move from 480 plants per bay to
approximately 1,000. Further
retrofits should eventually allow us to grow 1,600 plants
per bay
with each harvest. We look
forward to sharing more information with our shareholders in the
coming weeks and will update you all once we have received the
approved manufacturing license and the distribution
permits."
Notice Regarding Forward-Looking Statements in this press release
which are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Actual results could differ from
those projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate.
Contact: Valerie Baugher @ info@sunsetislandgroup.com or
@ 424-239-6230
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