RushNet Inc (RSHN)

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RushNet (RSHN) Announces Late Stage Acquisition Talks with Cannabis Growers with $62+ Million Revenues GlobeNewswire "Press Releases"

Palm Coast, FL , Nov. 28, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RushNet, Inc. (OTC Pink: RSHN) announces it has reached the final stages of negotiations with various licensed cannabis grow operations with multiple locations in Colorado and in California with combined revenue exceeding $62 million . Due to the sensitivity of these talks, further details will be revealed as each acquisition is consummated.

Dr. Richard E Goulding, Chairman of the Board and Chief Medical Officer of RushNet , stated, Implementing our synergistic acquisition model, these acquisitions are an important step for us to become a substantial player in the cannabis sector. We are exploring opportunities available to us to aggressively expand the size of our operations and are looking at multiple acquisition targets we hope to announce soon. Those opportunities include not just the grow operations, but also processing, product integration, disease control and retail sales. The acquisitions enable the acquired entities to enhance their profits given the vertical integration offered by RushNet andXYZ Hemp Inc.(formerly Gold River Production Services, Inc. (GRPS)). RushNet will also continue to report on its progress in the Joint Ventures developing the Nano CBD Delivery System with Dr. Stuart Miller of XYZ Hemp Inc. , and others.
RushNet will soon report on its progress with GreatRateFreight, Inc. , its recently acquired trucking logistics company and its business pursuits.
RushNet, Inc. is an edibles and beverage based company with stand-alone products, including most enhanced with CBD. Currently, we have developed 12 Products that will take advantage of the organic grow, pristine mineral water enhancement and organic CBD.