PROFILE SOLUTIONS REPORTS RECORD BREAKING CANNABINOID REVENUE INCREASE OF ALMOST 1500%
March 08 2018 - 8:30AM
InvestorsHub NewsWire
PROFILE SOLUTIONS
REPORTS RECORD BREAKING
CANNABINOID REVENUE
INCREASE OF ALMOST 1500%
SUNRISE, Fla.,
March 8th
2018 --
InvestorsHub NewsWire -- Profile
Solutions, Inc. (OTC Pink: PSIQ) announced
today that
its
wholly
owned subsidiary Elite
Products International,
Inc. reported
revenues
for
January - February 2018 of
$ 142,618.72
compared
to revenues
of $ 9,617.57
for
the same period in 2017,
an
almost 1500% increase.
"We
moved into 2018 with the
priority of generating Revenues and
increasing market share for
our new line of
Cannabidiol ("CBD")
products
in
a
growing
industry in its early embryonic state.
We're
encouraged
that our product line and
business
strategies are working and on-target"
stated Chief Executive Officer, Dan
Oran.
According
to Arcview Market
Research (https://arcviewgroup.com/product/world-market/)
and its
research partner BDS
Analytics (http://www.bdsanalytics.com/ ), over the next 10
years, the legal cannabis industry will see much progress around
the globe. Spending on legal
cannabis worldwide is expected to hit $57 billion by
2027. The adult-use
(recreational) market will cover 67% of the
spending; medical
marijuana will take up the remaining 33%.
The
largest group of cannabis buyers will be in North America, going
from $9.2 billion in 2017 to $47.3 billion a decade
later. The largest growth
spread, however, is predicted within the rest-of-world markets,
from $52 million spent in 2017 to a projected $2.5 billion in
2027.
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 industrial
hemp extracts in the
form of edibles, creams, oils and salves. Additionally, the company
developed and currently have
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.
Financial
information can be found at https://www.otcmarkets.com/stock/PSIQ/profile.
Please
visit the company website at www.profilesolutionsinc.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
Dan@ProfileSolutionsInc.com
(844) 856-8838
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