PALM SPRINGS, CA, June 02, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- CuraScientific Corp. (OTC PINK: CSTF) (“CuraScientific” or the “Company”), announces that the company has recently acquired JW Brands and Chad Enterprises, and plans to finalize additional acquisitions in southern California that cover Orange County and Los Angeles County in June 2023.
The company is in discussions with various cannabis licensed companies throughout the State of California. Most recent negotiations will be the acquisition of licenses and new routes in Orange County and Los Angeles County. The company anticipates closing these transactions in June-2023. This would allow immediate sales for CuraScientific.
With Orange County, CA's population of 3,132,211, 70% of Orange County residents express that it is socially acceptable. This is the likely reason that only 25% of Orange County weed consumers declare they use cannabis just for fun. Most consumers, 75% in fact, declare they use marijuana with a purpose.
William Reed, CEO, stated, “Because of the distressed situation between licensed cannabis owners and the State’s tax requirement, this has opened many more opportunities for the Company’s subsidiary, Cal Care Group, to acquire these facilities faster and cheaper. In 2018, 17.7 percent of California adults aged 18 and over reported using marijuana in the past 30 days. This is higher than the percentage of adults who use marijuana in the U.S. as a whole, which is 10.5 percent. Between 2018 and 2023 this number has increased significantly. Our business model is designed to acquire more licenses and routes that will cover all of California and allow us the ability to sell our own brands that we manufacture in our Palm Desert facility known as JW Brands.”
Chairman Interview: https://youtu.be/wRevqlAogkw
About CuraScientific Corporation: CuraScientific owns and operates Cal Care Grp, Inc.; a multi-location licensed company for distribution, manufacturing and delivery of cannabis that offers innovative products to the discerning, high-end customer market, producing a full suite of premium, artisanal cannabis products sold under its consumer brands, ‘JW Brands’ and ‘Chad Enterprises'. Cal Care Grp is a vertically-integrated cannabis company that applies pharmaceutical industry standards to developing, cultivating, producing, and dispensing medical cannabis and medical cannabis products in California. The company is in process of building Kava Bars under its brand name RZDxWLVS, Inc. (Raised by Wolves) with multi-location kava bars planned in Palm Desert, California and Las Vegas, Nevada.
Safe Harbor for Forward-Looking Statements: This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Please note that from time to time the Company may post new information at its website CuraScientificcorp.com, or via its current social media accounts available on this website.
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