Critical Solutions, Inc. (CSLI) Signs Agreement for Full Control of Licensed Cannabis Cultivation & Manufacturing for Facility in Los Angeles, California
Rhea-AI Summary
Critical Solutions, Inc. (OTC PINK: CSLI) announces it will gain control of a licensed cannabis cultivation facility in Los Angeles, forecasting annual net revenues of $1.0 to $1.2 million. The site is currently producing high-quality cannabis with up to 10 harvests per year. The company anticipates this move will enhance its standing in the California cannabis sector. Additionally, management has confirmed there will be no reverse stock split in the foreseeable future, aimed at maintaining shareholder value.
Positive
- Projected annual net revenues of $1.0 to $1.2 million from cannabis cultivation.
- Control over a multi-million-dollar cannabis cultivation facility in Los Angeles.
- Anticipation of 8 to 10 harvests per year, enhancing production capabilities.
- No reverse stock split planned, aiming to protect shareholder value.
Negative
- None.
News Market Reaction – CSLI
On the day this news was published, CSLI gained 3.00%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Company Now Expecting Over 1 Million in New Revenue Annually
SHERIDAN, WY, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Critical Solutions, Inc. (OTC PINK: CSLI) formally signs an agreement that outlines full control with owner of licensed cannabis cultivation & manufacturing facility in downtown Los Angeles, California.
Mr. Munck, VP of Business Development, states “We are excited to announce to our shareholders that from the original letter of intent we have completed and the signed contractual arrangements which include the management of revenues from profit sharing for 8 to 10 harvests per year. The multi-million-dollar cultivation site is currently producing high yield, high end, boutique flower and buds in a dual level “double decker” indoor cannabis grow. The net revenues expected to Critical Solutions are between
Mr. Barraza concludes, “We are proud to announce that we have completed another successful milestone and we are looking forward to future milestone completions with all our subsidiaries and projects. With the upcoming third quarter reports and the consolidation of MKH Ventures into Critical Solutions, Inc., we feel our growth strategy and revenue accumulation will increase shareholder value for years to come and therefore want to reiterate that there will be no reverse split for the foreseeable future".
About MKH Ventures, LLC
MKH Ventures is a diversified holding company and the parent company of Rodedawg International Industries, Inc. (OTC Pink: RWGI) and Universal Systems, Inc. (OTC Pink: UVSS). MKH Ventures acquires and invests in emerging growth and profitable companies in the Cannabis, Crypto, and Real Estate markets.
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Contact Information:
CSLI Shareholder/Investor inquiries can be directed to:
MKH Ventures, LLC
1-800-395- 6811
ir@mkh-ventures.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
SOURCE: MKH Ventures, LLC.
