4CABLE TV INTERNATIONAL, INC. ANNOUNCES SETTLEMENT OF THE MARQUIS TRADING DEBT, OPENING OF THE FIRST OF ITS KIND HIP RESTAURANT AND THE UNDERGOING OF REPAIRS AT THE CIGN FARM.
February 07 2022 - 8:00AM
InvestorsHub NewsWire
4CABLE TV INTERNATIONAL, INC. ANNOUNCES
SETTLEMENT OF THE MARQUIS TRADING DEBT, OPENING OF THE
FIRST OF ITS KIND HIP RESTAURANT AND THE UNDERGOING OF REPAIRS AT
THE CIGN FARM.
MIAMI,
FL -- February 7, 2022 -- InvestorsHub NewsWire -- 4Cable TV International, Inc.
(OTC:
CATV) (the "Company") CATV: A
group oriented to become a global leader in Cannabis based products
markets.
4Cable TV International, Inc. is pleased
to announce that all its outstanding convertible notes, and all
amounts due thereunder with Marquis Trading, LLC have been settled
and released.
The
company is pleased to announce that it is accomplishing its goals
in becoming a vertically integrated Hemp Company as expressed early
on when our CEO first got involved back in December of
2021.
On or about the week of February
15, 2022, the first HIP Restaurant location in Wynwood, Florida
will open its doors to the public. Hip Wynwood will open at 2749 NW
3rd
Ave, Miami, FL
33127.
We are working on the final touches
and will do a soft open that week. The website will launch on the same day
@ www.hipwynwood.com. HIP is the first and only CBD healthy food
restaurant in Wynwood. Our hope is that the customers get a large
percentage of
plant-based whole food
diet.
Together with 10,000 steps a day
and 30 minutes of moderate exercise, our customers can lead a
healthier life.
The
opening of our Hip Restaurant location couldn't come at a better
time.
Early research in the United States
suggests Cannabidiol from
the cannabis plant has the potential to prevent and inhibit
SARS-CoV-2 infection. See https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7987002/
for more information on these
studies.
Furthermore, the global CBD food
and beverage market exhibited strong growth during
2015-202.
Looking forward, IMARC Group
expects the market to grow at a CAGR of around 25% during
2021-2026. See https://www.imarcgroup.com/cbd-food-beverage-market.
HIP stands for Hemp Infused
Products for the Healthy Inspired Person.
On another note, the farm
operated by CIGN, LLC, a subsidiary of the company is under
renovation.
We are currently replacing the
roofs, shade cloth and side panels to ensure we have a great crop
the next coming season. We had ordered the parts necessary to replace
the old roof and we finally got delivery dates. Therefore, we had our last harvest in the end
of December and began removing the 15-year-old roof and shade cloth
while we receive delivery of the materials. So as not to disrupt sales we have secured
suppliers of Hemp flower and biomass while we are closed for
repairs.
We expect to be up and running
again shortly and will keep you informed on when we start our next
crop.
At the end of this month, we
will again address with the OTC Markets Group ("OTC") the removal
of the Caveat Emptor designation from our common
shares.
This has been a very difficult time
for the company and its shareholders. We truly appreciate their
loyalty.
Rest assured that we will be doing
everything in our power to impress upon the OTC that certain
individuals under investigation for wrongdoing, that have been
incorrectly associated with the company, have no interest or
involvement whatsoever with the company. Based on the evidence that we will present to
OTC, we are cautiously optimistic that the OTC will conclude that
the company has been unfairly prejudiced by the continuance of the
CE.
We are on track to file the
annual report for the year on time and will continue to do our best
efforts to move this company in the right direction.
ABOUT 4CABLE TV INTERNATIONAL, INC.
4Cable TV International, Inc.
(OTC:
CATV) seeks to create and operate a fully integrated global
cannabis business, ranging from growing to retailing. To accomplish
this strategy, the Company is actively seeking acquisition targets
in the cannabis industry.
Cautionary Note Regarding Forward-Looking
Statements
Statements in this press release
regarding 4Cable TV International's business that are not
historical facts are "forward-looking statements." Examples of
forward-looking statements include, among others, statements
regarding the Company's future business and prospects, strategic
plans, and strategic transactions. Forward-looking statements are
neither historical facts nor assurances of future performance.
Instead, they are based only on the Company's current beliefs,
expectations, and assumptions regarding the future of its business,
future and strategies, projections, anticipated events and trends,
the economy and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of the Company's
control. The Company's actual results and financial condition may
differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements. Important factors that could cause the
Company's actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others: general economic and financial conditions;
consumer demand for Cannabis products and services; volatility in
the trading markets and the lack of liquidity in the Company's
common stock; the Company's ability to successfully execute on its
new Cannabis strategy; the Company's limited operating history in
the Cannabis business; the legal status of the Company's Cannabis
business, both in the U.S. and abroad; risks inherent in the
Cannabis business; existing and new U.S. and foreign government
regulations and changes in regulatory requirements; risks related
to rules and regulations at the U.S. federal, state and municipal
levels and applicable foreign jurisdictions with respect to
Cannabis; the Company's ability to obtain financing or raise
capital on favorable terms or at all in order to execute its
business strategy; the Company's ability to successfully identify
and integrate acquired businesses; risks associated with conducting
operations in foreign countries; and risks associated with engaging
in transactions with third parties, including related parties. For
a discussion of additional general risks and uncertainties, which
could cause actual results to differ from those contained in the
forward-looking statements, see CATV's OTC Market
filings.
Any forward-looking statement made
by in this press release is based only on information currently
available to the Company and speaks only as of the date on which it
is made. The Company undertakes no obligation to publicly update
any forward-looking statement, whether written or oral, that may be
made from time to time, whether because of new information, future
developments or otherwise, except as required by law.
Company: CATV
Phone:1.833.211.3200
Location: Miami, FL
Email: info@4cabletvint.com
Website: www.4cabletvint.com
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