Thursday, April 24, 2014 2:47:50 PM
Float is 600,000,000 and 150,000,000 of it is locked up, OTC Current
RSI is reset and .007 support has been confirmed
Looks to me Chart is set up for a huge imminent run and as per the below PR, catalysts are in place
CEO Update:
USEI Cannabis Provides a Company Update and Status of Colorado Cannabis Operations: Friday, April, 11th
Facility to Produce: We currently have a location in Denver and one in Boulder, finalizing the location in the next 2 weeks.
We did sign an agreement with our Washington state producer and he will be working together in Colorado in the next 2 or 3 weeks to begin producing some of the products that he will help market with USEI. We unfortunately cannot disclose his name because we have a non-disclosure agreement in place; since Washington will not be legal till this summer.
We have made tremendous progress over the last 45 days and below in a list of the things we have done and the status of those activities.
Sales and Marketing: We have engaged a sales group that has ties to over 100 dispensaries. They are confident that they can market our products.
Products: We intend to produce cookies, candies, waxes, oils, butter, cakes, cereal bars, brownies, cup cakes, chocolate, lotions, topical for pain management, bath salts, beverages and a host of products that are currently unavailable in Colorado.
Trade-Marks: We have filed for our Real McCoy Genuine Products trademark and this is the name that will be affixed to our products in the state.
***Long Term Product Development and Presence: We met this week and came to a tentative operational consulting and financing agreement with experienced medical marijuana infused products manufacturer based in Denver, Colorado. The agreement, expected to be finalized in upcoming weeks, provides working capital and consulting services to create and promote the 'Real McCoy' brand. Building on the expertise and product development of an established manufacturing partner, USEI is poised to take advantage of the growing cannabis industry.
Growing: We are actively working on a grow plan that will include the growing of many cannabis strain with an emphasis on the CBD strains (we have significant and very experienced contacts). Scientific research has shown that CBD may be therapeutic for many conditions, including (but not limited to) chronic pain, cancer, anxiety, diabetes, epilepsy, rheumatoid arthritis, PTSD, sleep disorders, alcoholism, cardiovascular disease, antibiotic-resistant infections, and various neurological ailments. This product is available on a limited basis in the US... we intend to expand its usage.
http://www.otcmarkets.com/stock/USEI/news/USEI-Cannabis-Provides-a-Company-Update-and-Status-of-Colorado-Cannabis-Operations?id=78932&b=y
Annual Report: http://www.otcmarkets.com/financialReportViewer?symbol=USEI&id=117108
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