What do you think ICE? I don't think we could've asked for a better PR at this point in the jucture.... This company is making some fantastic moves!
Tell me how this stock can't move past it's 52 week high of 0.007 within the next 3 months. Am I just being crazy here? Come on ICE, what is holding this stock back from an explosion????
- GTLA- News out Fri. After the Close
Compassionate Therapeutic Solutions, LLC Opens Licensed Bakery to Produce Medical Marijuana Edibles
.Companies:GT Legend Automotive Holdings Inc..Press Release Source: GT Legend Automotive Holdings, Inc. On Friday May 7, 2010, 5:26 pm
COLORADO SPRINGS, Colo., May 7, 2010 (GLOBE NEWSWIRE) -- GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA - News), in conjunction with Compassionate Therapeutic Solutions, LLC, has opened a fully-licensed bakery where edibles containing medical cannabis flowers will be produced. The bakery will distribute its edible organic products to the CTS center, and will act as a healthcare product provider to 200 plus medical centers in the state of Colorado.
According to Colorado state regulations, bakeries producing medical marijuana edibles must be licensed and must operate out of a state-regulated commercial kitchen. The CTS bakery has taken a leadership position in supplying product and meeting both requirements listed above. Patients who wish to purchase the edibles must be registered and in possession of a state-authorized medical marijuana permit card. The Denver Post reported that there are currently over 100,000 licensed medical marijuana users in the state of Colorado. The state of Colorado receives over 1,000 applications per day for authorized marijuana permit cards, yielding $90,000 per day in revenue from the registration fees (Source: Green Rights Radio 101.5, Denver).
Some patients prefer to consume edibles containing medical cannabis flowers as opposed to smoking the product because of health considerations. Many patients are not able to inhale smoke. Medical dosages are better controlled with edibles, teas and tinctures.
Eugene Espinosa, President of GTLA / CTS, states, "Our edibles are made from premium, organic medicinal cannabis flowers. Our plants are organically controlled; grown in a hydroponic green room free from pesticides and chemicals of any sort. They are provided with the proper nutrients, adequate light and temperature to insure the highest quality end result. We estimate that 1 out of 10 cardholders will prefer edibles over inhaled marijuana. Our goal is to create a market based on demand. We expect the edible market to exceed $60,000,000 annually in Colorado."
