Advantis Corp. Establishes Advantis Cannabis, LLC in Washington
ADVANTIS CORPORATION (OTC PINK: ADVT) officially announced that they have established a new Advantis Cannabis, LLC subsidiary in Washington. Company consultants have been investigating logistics, laws, and prospective partners in Washington's legal cannabis market since last year. Last week Advantis Cannabis Corp. established a limited liability company with the same name (Advantis Cannabis, LLC) in the state of Oregon, after meeting with regulatory and environmental consultant, EARSI. EARSI has agreed to help facilitate the licensing, regulatory and environmental process for each subsidiary to establish the necessary footprint and develop the environmental and regulatory framework in each respective state the company establishes an LLC within. "We have been in discussions with several prospective partners in Washington," operational Vice President, Geoffrey Broderick, said. "Some of these prospective partners already hold the proper licensing and have fruitful agricultural operations that can offer a turnkey solution to entering the Washington marijuana marketplace." Washington's law specifies that an entity can be licensed as a retail establishment or as a producer and/or processor. Broderick made no direct comment about which license(s) the company will pursue.
This is the second consecutive announcement about Advantis reaching into the marijuana marketplace through its subsidiaries. Broderick expanded upon the company strategy, stating, "We are expanding our reach into these cannabis friendly states one at a time, and are not stopping. We will be establishing a foothold in every one of these states, while keeping an eye on those yet to come." Broderick later commented that these are the first two in a strategic process that will create a national brand name. Company Director, Woo Kim, shared his excitement about the Washington marijuana marketplace, and painted a picture of how the company will establish itself as an industry leader, saying, "It is with partners like Natural Elements Group, Inc. that we will firmly establish an efficient, proven agricultural process that yields a superior product." He said, "Many others may grow well, but this process is cost efficient and the end product is consistently reliable in terms of flavor, texture, smell and potency. Their process for creating flavorful edibles, vapors, extracts, and beverages is unmatched. An excellent product, efficient and reliable processes, and excellent people to work with. This is how you create a brand name."
ABOUT Advantis Corporation
Advantis Corporation (OTC PINK: ADVT) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company additionally establishes domestic and international partnerships with businesses that develop and sell proprietary consumer products and services. Product lines for consumer health care, music and entertainment sectors are in development.
Forward Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward- looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Advantis Corp. Establishes Advantis Cannabis, LLC in Washington Securities Exchange Act of 1934 because it is not registered under either Act.