Profile Solutions
Inc. enters the
emerging Cannabis,
Cannabinoid and
Hemp Industry with
acquisition of Elite
Products International, Inc.
SUNRISE,
FL -- January
9th,
2018 -- InvestorsHub
NewsWire -- Profile Solutions, Inc. (OTC:
PSIQ) announced today it has acquired Elite
Products International, Inc.
Profile is
entering
the
emerging Cannabis,
Cannabinoid
and
Hemp
market
to distribute and
manufacture
cutting-edge Cannabis,
Cannabinoid
and
Hemp
extracts in the form of edibles, creams, oils, and salves
for humans and pets
(www.elitehempproducts.com).
Profiles initial focus shall be Cannabinoid
("CBD")
CBD is the part of the cannabis plant that doesn't get you "high"
like the THC side of the plant.
CBD products are either derived from industrial hemp plants or
marijuana plants.
CBD
is typically used for health reasons
such as pain,
stress and anxiety relief
instead of for recreational purposes.
According to a 2013 review published in the British
Journal of Clinical Pharmacology,
studies have found CBD to possess medical properties
to act as an
Analgesic,
Anxiolytic,
Anti-Depressant, Anti-inflammatory and others. The Hemp Business
Journal estimated
that the CBD market will grow to a $2.1 billion market in consumer
sales by 2020 with $450 million of those sales coming from
hemp-based sources,
a 700% increase from 2016. In 2015, the market for consumer sales
of hemp-derived CBD products was $90 million, plus another $112
million in marijuana-derived CBD products which were sold through
dispensaries bringing a total CBD market to $202 million last
year.
Currently
there are
29
states plus DC that have legalized medical marijuana
including 8 states which have legalized recreational
marijuana.
"We
intend to
aggressively expand our operations by providing quality
hemp-based
products at affordable prices to satisfy the demand and
requirements of our current and future clients" stated
Dan
Oran, CEO of Profile
Solutions, Inc.
About Profile
Solutions
Profile Solutions,
Inc. through its
subsidiary Elite Products International, Inc. is a leading
distributor and manufacturer in the cannabinoid (CBD) industry. The
Company's products contain cutting-edge CBD Hemp extracts in the
form of edibles, creams, oils, and salves. Additionally, the
company developed and currently has working prototypes of a climate
controlled positive identification secure depository. The
CannaSafe
is based
on remote keyfob
or
fingerprint biometric access to the device. The Cannasafe
was
developed to store critical medications or valuables and keep them
out of the reach of children or unauthorized access.
Please
visit the company website at www.elitehempproducts.com,
Facebook
at https://www.facebook.com/EliteProductsINTL/,
Instagram https://www.instagram.com/elite_hemp/,
Linkedin
at https://www.linkedin.com/in/elite-hemp-products-3a863914a/
,Twitter
at https://twitter.com/EliteHemp_Intl and
Blog: https://www.elitehempproducts.com/blog
Safe Harbor
Statement
This press release
contains forward-looking statements that can be identified by
terminology such as "believes," "expects," "potential," "plans,"
"suggests," "may," "should," "could," "intends," or similar
expressions. Many forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results to be materially different from any future results
or implied by such statements. These factors include, but are not
limited to, our ability to continue to enhance our products and
systems to address industry changes, our ability to expand our
customer base and retain existing customers, our ability to
effectively compete in our market segment, the lack of public
information on our company, our ability to raise sufficient capital
to fund our business, operations, our ability to continue as a
going concern, and a limited public market for our common stock,
among other risks. Many factors are difficult to predict accurately
and are generally beyond the company's control. Forward-looking
statements speak only as to the date they are made
and we do
not undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
For information,
please contact:
Dan
Oran, President
Profile Solutions,
Inc.
8411 West Oakland
Park Blvd.
Suite 201
Sunrise, FL
33351
danoran@aol.com
(844) 856-8838