Santa Ana, California, March 23, 2017 (GLOBE NEWSWIRE) -- The Graystone Company (OTC:GYST) announced today that the company has moved aggressively into a number of different cities in Orange County California and will have the ability to cover parts of Los Angeles County by month end.
CEO M.T. Soeparmo stated, “We want the investment community to know that we are fully funded for existing and future expansion plans. The beauty of the cannabis delivery business is the ability to scale up quickly. To date, we have established our office and warehouse, we currently have three drivers in place and are actively looking to hire more.”
The Graystone Company, Inc. is in the process of building out a scalable business operation in the Cannabis Industry that will include multiple Cannabis Delivery Services and Dispensaries. Our initial Delivery Service began operations in March 2017.
Mr. Soeparmo went on to say, “We recently announced five additional cities that we have expanded into which include Huntington Beach, Irvine, Newport Beach, Santa Ana and Tustin. We are also making progress in southern Los Angeles county and should be fully engaged in several cities there in the coming weeks. We are able to expand quickly by levering the existing infrastructure we have built out. ”
Mr. Soeparmo finished up with, “One driver can cover a lot of territory. We have established a very robust training program for new drivers that will allow us to build a strong inventory or reliable delivery technicians as we expand at a rapid pace. The technology that we have implemented also helps to ensure productivity in the field and minimizes wasted time between stops. The business model is proving to be one that will ensure profitability quickly. As we’ve stated before, things are moving fast, but we could not be more excited for both the company and all of our shareholders. We will keep you posted as further developments take place.”
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. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.
Contact: Graystone Co. Phone: 1-347-688-9003 mail: info@graystone1.com
