Our success will be built on designing and creating cannabinoid products in the interim that are legal at the Federal level for clinical, cosmetic, health, alternative healing, herbal and other health needs.
Our business model, products and services will all be based around adding value to our business activities and value for our shareholders.
The earlier term of divesture didn't fully describe the intent of the Company's actions currently and in the near future. We are still fully committed to stay in the legal sector of this market and we expect to fully utilize the assets we have to add value to the company. We have and are acquiring key relationships currently to obtain these goals to have products and services ready to go to market by the spring of 2015.
OVER 2.5 BILLION SHARES RETIRED MAY 2014 - 1.25 BILLION RETIRED JUNE 2014 - 600 MILLION RETIRED JULY 2014 - 350 MILLION RETIRED AUGUST 2014 - 350 MILLION RETIRED
RESTRUCTURED DEBT Quote: "It is my goal to get Interactive Health Network debt free prior to December 31, 2014. Such cleansing of our balance sheet will provide a platform for focused organic and inorganic growth in our core supplement and health products. Additionally, this will allow the Company to bring additional funding to monetize its existing businesses and assets," said Fred Schiemann, President and CEO of Interactive Health Network.
ACQUISITION OF HERE WE GROW STORES http://herewegrowstore.com/ OVER 5,200 PRODUCTS AND STILL GROWING Indoor Greenhouses » Growing Accessories » Growing Media » Lighting Components » Nutrients & Supplements » Pots, Propagation & Containers »
ACQUISITION OF BIOTEL Quote: "The acquisition of BIOTEL falls in line with our strategy to aggressively penetrate the legal cannabis market through managed service agreements, minority interest investments, and acquisitions," stated Cesar D. Vazquez III, Executive Vice President, Marketing for IHN. "After acquiring Here We Grow Store, this transaction marks our second acquisition in this space since the start of 2014. Both businesses will operate under our Cannabis Health Group subsidiary, which is positioned to capitalize on the immense opportunity in the legal cannabis market as it continues to gain traction here in the United States."
ACQUISITION OF TBLO "IHN has had a strong start to 2014, as we have strengthened our holdings portfolio in the legal cannabis space by executing three strategic acquisitions through our subsidiary, the Cannabis Health Group," stated Cesar D. Vazquez III, Executive Vice President, Marketing for IHN. "Managed service providers such as TBLO and BIOTEL allow us to provide a more comprehensive offering in the recreational and medical marijuana space, and better position us to execute our go-to-market strategy in this high-growth industry. As we continue to cultivate additional revenue pipelines, we believe that we are poised to capitalize on the continued growth in the legal cannabis market and drive value for our shareholders."
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