Sunset Island Group To Secure Multiple Cultivation Agreements
August 01 2017 - 9:15AM
InvestorsHub NewsWire
Sunset Island Group To
Secure Multiple Cultivation Agreements
SAN CLEMENTE, Calif., August 1, 2017 -- SUNSET ISLAND
GROUP, INC. (OTCQB:
SIGO) announced today that the company is in the process of
securing multiple cultivation agreements in order to facilitate
expansion plans.
CEO T.J. Magallanes stated, "In the state of California,
cultivation agreements are part of the legal requirements for
cannabis producers. As stated in a prior press release, we are
looking at approximately 66K square feet of total grow space as the
first phase of our expansion plans.
We are securing cultivation agreements to meet that target, but a
recent discussion and potential favorable opportunity have pushed
us to secure cultivation agreements well above the previously
announced square footage. There is a very real chance that we will
expand well beyond our original planned square footage and we are
awaiting word on whether this will come to fruition. The additional
cultivation agreements that we are currently securing are in
anticipation of that being the case. We should know by August 15th
at the latest, but preliminary indications are favorable.
CFO Valerie Baugher stated, My role is to ensure that the
company is capable of growing at a pace that is in line with
projected operating capital and preliminary indications are that we
should be able to expand well beyond the square footage previously
announced. We look forward to sharing more about this incredible
opportunity with investors on or before August 15th.
Mr. Magallanes went on to say, These are exciting times for our
company and there are so many positives in the pipeline. We have
three more bits of exciting news to share with our investors in the
coming weeks. We feel strongly that investors should find what we
have to cover to be very favorable to their long term investment in
our company.
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:
Sunset Island Group
info@sunsetislandgroup.com
(424) 239-6230
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