BTFL news! Monarch America (BTFL) Signs Exclusive Management Services Agreement GlobeNewswire "Press Releases"
DENVER , April 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Monarch America Inc. (OTC:BTFL) ("Monarch America" or the "Company"
is pleased to announce that it has entered into an exclusive Management Services Agreement (the "Agreement" with Greensky Inc. ("Greensky", a company establishing a marijuana cultivation operation in Colorado . Greensky is currently near completion of a new state-of-the-art 28,000 sq. ft. indoor medical and recreational marijuana grow facility designed and engineered by Monarch America . The Company anticipates that construction at the Denver location will be completed within 2-3 weeks with the required licenses and permits transferred to the location within 30 days.
As per the Agreement, Monarch America will oversee and manage all facets of cultivation, distribution, and operations relating, directly and indirectly, to both medicinal and recreational marijuana and marijuana related products, including but not limited to, growing, property management, technology and equipment leasing, inventory control, staffing, logistical services, and day-to-day operational management. The exclusive Agreement is for a term of three (3) years.
Eric Hagen , CEO of Monarch America Inc. , commented, "Our team has been working closely with Greensky on their state-of-the-art grow facility for several months already. I'm confident that with the design and engineering assistance from Monarch America , and the expertise and equipment supplied by our The Big Tomato division, the Greensky facility will be second to none."
Hagen continued, " Monarch America is contracted to manage and operate the new facility for Greensky for the next three years, so we anticipate generating significant monthly recurring management fees from the project. Based on the initial success of the Greensky project, we plan to expand this business strategy with similar consulting and management agreements with additional new and existing grow facilities."
Monarch America Inc. files reports with the Securities & Exchange Commission on EDGAR and anticipates continuing to file such reports. The Company's filings can be viewed atwww.sec.gov.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Monarch America Inc.'s (f/k/a Cannabis Kinetics Corp. ) filings with the Securities & Exchange Commission . As a reporting issuer with the Securities & Exchange Commission , Monarch America Inc. files Quarterly and Annual Reports and other documents on EDGAR. We strongly urge all persons to read our filings atwww.sec.gov, which are publicly available, in conjunction with this press release as we are in a highly regulated industry that requires thorough research prior to making any decision regarding a company, particularly an investment decision. In addition, such statements could be affected by risks and uncertainties related to Monarch America Inc.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified management representatives, (iv) competition, pricing and development difficulties, (v) ability to fully implement our business plan as a result of being a reporting issuer with the Securities and Exchange Commission , and (vi) general industry and market conditions and growth rates and general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Monarch America Inc. does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Monarch America Inc. expectations and estimates. Information on Monarch America Inc.'s website does not constitute a part of this release.
Contact: Monarch America Inc. Toll-Free
888) 668-2280
Source: Monarch America, Inc.
DENVER , April 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Monarch America Inc. (OTC:BTFL) ("Monarch America" or the "Company"
is pleased to announce that it has entered into an exclusive Management Services Agreement (the "Agreement" with Greensky Inc. ("Greensky", a company establishing a marijuana cultivation operation in Colorado . Greensky is currently near completion of a new state-of-the-art 28,000 sq. ft. indoor medical and recreational marijuana grow facility designed and engineered by Monarch America . The Company anticipates that construction at the Denver location will be completed within 2-3 weeks with the required licenses and permits transferred to the location within 30 days. As per the Agreement, Monarch America will oversee and manage all facets of cultivation, distribution, and operations relating, directly and indirectly, to both medicinal and recreational marijuana and marijuana related products, including but not limited to, growing, property management, technology and equipment leasing, inventory control, staffing, logistical services, and day-to-day operational management. The exclusive Agreement is for a term of three (3) years.
Eric Hagen , CEO of Monarch America Inc. , commented, "Our team has been working closely with Greensky on their state-of-the-art grow facility for several months already. I'm confident that with the design and engineering assistance from Monarch America , and the expertise and equipment supplied by our The Big Tomato division, the Greensky facility will be second to none."
Hagen continued, " Monarch America is contracted to manage and operate the new facility for Greensky for the next three years, so we anticipate generating significant monthly recurring management fees from the project. Based on the initial success of the Greensky project, we plan to expand this business strategy with similar consulting and management agreements with additional new and existing grow facilities."
Monarch America Inc. files reports with the Securities & Exchange Commission on EDGAR and anticipates continuing to file such reports. The Company's filings can be viewed atwww.sec.gov.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Monarch America Inc.'s (f/k/a Cannabis Kinetics Corp. ) filings with the Securities & Exchange Commission . As a reporting issuer with the Securities & Exchange Commission , Monarch America Inc. files Quarterly and Annual Reports and other documents on EDGAR. We strongly urge all persons to read our filings atwww.sec.gov, which are publicly available, in conjunction with this press release as we are in a highly regulated industry that requires thorough research prior to making any decision regarding a company, particularly an investment decision. In addition, such statements could be affected by risks and uncertainties related to Monarch America Inc.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified management representatives, (iv) competition, pricing and development difficulties, (v) ability to fully implement our business plan as a result of being a reporting issuer with the Securities and Exchange Commission , and (vi) general industry and market conditions and growth rates and general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Monarch America Inc. does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Monarch America Inc. expectations and estimates. Information on Monarch America Inc.'s website does not constitute a part of this release.
Contact: Monarch America Inc. Toll-Free
888) 668-2280 Source: Monarch America, Inc.
