Tulsa, OK, Jan. 07, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Limitless Ventures Group Inc. (OTC PINK: LVGI) announced today it has signed an agreement and acquired the majority ownership stake in Tulsa, OK based Tulsa Higher Care Clinic Incorporated (THC²). CEO Joseph Francella states: "This is the ground floor opportunity we have been diligently searching for and LVGI will be forever transformed by this partnership. THC² gives LVGI immediate revenues and long-term unbelievable opportunities in the Cannabis Industry."
LVGI has created a wholly owned subsidiary, Summit Harbor Holding Inc (SHHI), specifically for this acquisition, but more importantly, for all future Cannabis related acquisitions. Mr. Francella also states: "There will be many more acquisitions in this industry creating a fully integrated, synergistic and fully vertical company beginning this calendar year, 2019."
THC² is a Medical Cannabis Care company operating in Tulsa, Oklahoma and will serve as the initial acquisition under SHHI. THC² was formed in June 2018, immediately after Medical Cannabis was approved in Oklahoma and it opened its first facility very shortly thereafter. THC² operates as the premier Medical Cannabis Care Facility in the state. The second facility is already under construction and is expected to be opened on or about February 1, 2019, with further statewide expansion plans in 2019. The mission of THC² is to evaluate, recommend and educate our patients on the benefits of Cannabis treatment, and set to the standard of Medical Cannabis Care in every community we provide our services.
For additional info please visit www.marijuanadoctors.com
The acquisition of THC² also includes the Oklahoma Cannabis Business Alliance (OCBA), a wholly owned subsidiary of THC², which therefore gives LVGI majority ownership in OCBA!
The OCBA serves as the leading community for the enhancement of the Medical Cannabis Community in Oklahoma with partnerships in adjoining states where legalization of medical cannabis is pending. The OCBA is responsible for the "Green on Greenwood Health and Wealth Expo" held in September of 2018 and boasts the claim of 2nd largest Cannabis Expo in the United States in 2018 with an attendance of over 6,500 people and over 80 vendors.
For additional Info please visit: www.oklahomacannabis.org
We believe the combination of LVGI and THC² has the potential to increase shareholder value through a statewide and national expansion plan, along with the creation and acquisition of new cannabis-related support industries. The combined company expects to have around $6 Million in revenue generated across multiple locations in calendar year 2019, as the single location of THC² had 4th quarter 2018 revenues in excess of $500,000.
Forward-Looking Statements: This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development, may be deemed to be forward-looking statements. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analysis and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of the release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Joseph Francella 918-671-9935 email@example.com