RushNet (RSHN) Announces Late Stage Acquisition Talks with Cannabis Growers with $62+ Million Revenues
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 and XYZ 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. Safe Harbor Statement: This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may” or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company’s ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, economic, competitive, and equity market conditions.
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