$CZNI huge MJ news out this week>> CRUZANI Begins Product Development with Cannabis Derivatives for Edible and Infusion Markets
October 09, 2018 08:30 ET https://globenewswire.com/news-release/2018/10/09/1618506/0/en/CRUZANI-Begins-Product-Development-with-Cannabis-Derivatives-for-Edible-and-Infusion-Markets.html
ATLANTA, Oct. 09, 2018 (GLOBE NEWSWIRE) -- CRUZANI, Inc. (OTC Markets: CZNI) is a global business development company focused on creating and acquiring franchise concepts, along with peripheral food-related businesses throughout the United States, Canada and international markets. Within its portfolio, it has two Canada-based subsidiaries that will benefit from that country’s changing cannabis legislation.
It is expected that on October 17, 2018, Canada will enter a new landscape as the recreational use of marijuana becomes legal. In addition to the traditional form of consumption of cannabis for recreational purposes via smoking, related products that are cannabis derivatives, including edible cannabis products and CBD-infused products, are expected to generate substantial interest among consumers seeking access to legal versions of these products in both the recreational or medicinal markets.
Through its Canadian subsidiaries, the Company is well-positioned to pursue market opportunities related to the sale of edible and CBD-infused products that Canada's cannabis legalization would bring. CRUZANI’s wholesale baking operation (www.OventaFoods.com) has the expertise and capacity to supply edibles to retailers, once it becomes permitted by law. Additionally, CRUZANI’s Recipe Food Co. operation (www.RecipeFoodCo.com) has the expertise to fine-tune suitable offerings for consumers at the restaurant and consumer retail levels. CRUZANI’s Canadian subsidiaries have been developing retail-ready products that can, upon legalization of cannabis, switch reliably to retail cannabis products when the law permits.
CRUZANI’s CEO, Everett Dickson, commented: “We are well aware of the possibilities presented by the expected legalization of Cannabis in Canada, and we have begun planning for this potential new market. It is vital that we participate only to the extent that we are total compliance with all applicable regulations. We have not previously emphasized our ability to benefit from cannabis market developments so as to not lose sight of our exciting plans for the vast traditional food products sector and related opportunities. Nevertheless, we are also focusing on the unique opportunity that the Canada cannabis market might present, as well as other areas where the Company’s capabilities may be applied.” Mr. Dickson can be followed on Twitter via https://twitter.com/CruzaniCEO About CRUZANI, Inc.
CRUZANI Inc., formerly US Highland, Inc., is a franchise development company that builds and acquires popular franchise concepts, and other food related businesses, throughout the United States and International markets. Our management team selects up and coming concepts with substantial growth potential. We bring fresh innovative brands to consumers that have great potential. All of our brands are unique in nature by focusing on niche markets with untapped potential for development. CRUZANI maintains social media accounts for the purposes of SEC Fair Disclosure at http://www.CRUZANI.com/Cruzani-CEO-Blog
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Everett M. Dickson, CEO
3500 Lennox Road, Suite 1500
Atlanta, GA 30326