Saturday, September 06, 2014 10:40:30 PM
NEWS: Wanderport Announces Corporate Update, Expands into the Developing Cannabis Market
http://www.otcmarkets.com/news/otc-market-headline?id=16418335
Sep 03, 2014 (eTeligis.com via COMTEX) -- SANTA MONICA, CA, United States, via ETELIGIS INC., 09/03/2014 - - WanderPort Corp. (OTC Pink: WDRP) (PINKSHEETS: WDRP) today announced that as a result of the recent control and management changes, the Company will no longer offer its water heater products. As a new business direction, Wanderport will seek to capture market share in the rapidly developing cannabis market. Additionally, management is exploring the possibility of retiring a block of shares to reduce the total share outstanding.
In the near term, the Company will focus on acquiring dynamic cannabis products and services firms with existing foot print in the industry. Wanderport's management has been in discussion with several potential acquisition candidates and will provide additional updates as further progress is made.
"We are excited to be a part of the emerging cannabis industry. We believe the market and growth potential are quite significant as gradual acceptance is made nationwide. We anticipate our first acquisition to be accretive and a good complement to our existing operation. This merger will be the first of several growth acquisitions we intend to complete" stated Mr. Eric Brown, Chief Executive Officer.
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