Rimrock Gold Corp. Launches its Wholly-Owned Subsidiary Acqua Cannabis Corp.Press Release | 09/18/2018
LAS VEGAS, NV / ACCESSWIRE / September 18, 2018 / Rimrock Gold Corp. (OTC PINK: RMRK) is pleased to announce that it has launched its wholly-owned subsidiary, Acqua Cannabis Corp., to enter into the growing cannabis, cannabinoid, and hemp market. Acqua Cannabis' mandate is to process and market a unique line of CBD oils and hemp extracts in various forms.
The Cannabidiol (CBD) infused products market continues to encounter surging consumer demand on a global scale, with the US hemp derived CBD market nearly doubling in size between 2017 and 2018. According to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022, while the global carbonated soft drinks market is projected to reach $600 billion by 2025 according to a March 2018 report by Grand View Research Inc.
The Company also wishes to announce that it has filed the August 31, 2015 to August 31, 2017 audited financial statements, along with the first three quarters of 2018. The Company is currently working on its year-end financial statements and expects to have the financials filed within the required timeframe.
"This has been a very exciting year for Rimrock, as we are now up-to-date with our financial reporting requirements on OTCMarkets. Our intention is to grow the business both organically, and aggressively through acquisitions. As the cannabis industry continues to grow, we expect to become a major distributor of high quality CBD oils and realize the potential of these emerging cannabis markets," stated Jordan Starkman, President of Rimrock Gold Corp. "We are thrilled to have entered into the cannabis sector and remain committed to creating substantial shareholder value for Rimrock Gold's shareholders."
Certain statements in this document that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate, "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Rimrock Gold Corp. to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to: (i) the Company’s ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company’s ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; and (iii) competitive factors and developments beyond the Company’s control.
For more information, please contact:
Rimrock Gold Corp.
Jordan Starkman, President
SOURCE: Rimrock Gold Corp. https://www.accesswire.com/512103/Rimrock-Gold-Corp-Launches-its-Wholly-Owned-Subsidiary-Acqua-Cannabis-Corp