ST. LOUIS PARK, Minn., July 17, 2017 (GLOBE NEWSWIRE) — Solid Controls Inc. (OTC:SLDC) (“Solid Controls” or the “Company”) is pleased to provide this update regarding the Company’s new strategic focus in the rapidly expanding market for organic medical cannabis and related products. Headed by a highly experienced horticulturist with 30 years of experience, Solid Controls currently has eight strains of organic medical cannabis.
John Stovers, President and CEO of Solid Controls, stated, “We plan to grow with integrity and a commitment to our patients to produce the highest quality medication possible. We are focused on quality over quantity and aim to meet the growing demand for premium medical cannabis from patients looking for certified organic products that are free from all contaminants.”
Solid Controls will exclusively grow organic medical cannabis, in soil without the use of any chemicals with each stage of the growing process tended by hand. From planting to packaging, each strain takes five months to produce, overseen by skilled and knowledgeable growers. This process will replicate outdoor growing conditions in a controlled indoor environment and produce the highest quality product. This all-natural process also means that irradiation and cold pasteurization are not required to ensure purity.
Going-forward, Solid Controls plans to develop and approve additional proprietary organic strains of medical marijuana. The Company is also currently developing a range of cannabis oils for use in numerous potential applications. Additionally, the Company plans to initiate preclinical studies necessary to potentially launch multiple clinical trials in 2018.
The global market for legal/regulated cannabis is enormous and this ‘Green Rush’ shows no sign of slowing down. Recently published cannabis market research has stated that by 2020, North American marijuana sales are expected to surpass $21.0 billion with global markets expected to reach $140.0 billion. As overall demand increases and marijuana laws continue to liberalize, Solid Controls will seek to expand its position around the globe.
The Company anticipates releasing additional information regarding its organic medical cannabis business and growth strategy over the next several weeks.
About Solid Controls Inc.
Solid Controls Inc. (OTC:SLDC) intends to be a grower of organic medical cannabis, in soil without the use of any chemicals. The Company currently has eight strains of organic medical cannabis. Solid Controls Inc. is based in St. Louis Park, Minnesota.
For additional information regarding Solid Controls Inc., visit www.solidcontrolsinc.com.
Safe Harbor Declaration
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to many risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company’s products and technology; the availability of substantial additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies.
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