|By Marketwired .||
|June 6, 2014 06:55 AM EDT||
SANTA CLARITA, CA -- (Marketwired) -- 06/06/14 -- USEI CANNABIS INITIATIVES CORP, A WHOLLY OWNED SUBSIDARY OF U.S. ENERGY INITIATIVES CORPORATION, INC. (OTC Pink: USEI) (PINKSHEETS: USEI) is pleased today to announce that USEI Cannabis and Lollipopvapor, are actively expanding its vapor pen partnership to a nationwide audience to proliferate our "Real McCoy Genuine Product" to become a national brand. Vapor Pens are devices will allow patients and recreational users to consume dry herbs, oil extracts, CBD and waxes (to extract their beneficial essence) undetected without the telltale aroma of tobacco or cannabis; utilizing a device that vaporizes the media into a pleasant vapor.
There are currently 22 states that have approved medical cannabis usage (estimated 8 million daily cannabis users and growing daily) and vapor pens are an excellent product that is legal for usage in all of those states and more. The demand for our products is ever increasing and our Lollipopvapor partnership can be a major contributor to the supply in the market with unique products consumers are seeking.
According to Anthony Miller CEO "On June 28 & 29 we will attend the MJBA Vendor Fair Summer event in Seattle. This is the 3rd event that we a have attended in the state of Washington; sponsored by the Marijuana Business Association. This is the first time that we are attending as a sponsor, and it will probably not be the last event that we will sponsor with them. Our goals are to expand our footprint into the state of Washington where in just weeks the cannabis industry will be open for business for medical and recreation just like Colorado. We are actively seeking for partnerships with growers and 502 licensees to expand USEI's business in the state. One of our goals is to establish a 'Real McCoy Genuine Product' retail store in the state to expand our vapor pen business in Washington. We have had a presence in the state of Washington since 2005 and we believe that this is and added advantage for us, as we attempt to gain our market share here. We will not limit our business just to the vapor market; we intend to penetrate all cannabis markets in this state; that are possible and legal. During this MJBA event we will sample our edible products and display a wide variety of pens for oil, wax and dry herb for the attendees. Note: we are still working in the state of Colorado and making progress everyday however, the pace is much slower than expected and announced. We will continue to press on in Colorado till we reach our goals".
"USEI and Lollipopvapor have been receiving deliveries of product and we expect delivery of a significant amount of inventory coming on a consistent basis and look forward to expansion into every state in the U.S since there are currently no limitations where we can market these products. Check out some images of our products on Twitter... many additional images will be on our website soon," further commented Miller.
About: Lollipopvapor: "We have a successful, proprietary line of Nicotine based flavor products which already produced gross sales in its first year of nearly 1 Million dollars. It's exciting to be adding Cannabis devices with such an experienced company who has such close ties to not only the broad industry but quality relationships with these individual dispensaries. We will be supplying USEI Cannabis with a mix of entry level and very high end devices and, where requested, we will be branding their name (The Real McCoy Genuine). Lollipopvapor and USEI Cannabis will share in the proceeds of the sale of these devices Nationwide where USEI Cannabis will enjoy 40% of the net revenues. We are satisfied with this percentage of product share as we feel it will allow our footprint to grow tremendously in the industry moving forward. I also feel we are just touching the tip of the iceberg and are working to offer other product solutions to USEI Cannabis and others."
MJBA Vendor Fair Summer: The best b2b trade event for Washington's I-502 growers, processors and retailers -- and many professional businesses who serve them. Enjoy live product demonstrations, receive educational information, savory cooking demonstrations and sample incredible new products. Special VIP Speakers and Entertainment will be there. Come meet and greet Washington's finest cannabis companies and I-502 approved licensees, all under one roof on Saturday and Sunday June 28-29 at Magical Butter Studios in SODO. http://www.eventbrite.com/o/mjba-publishing-llc-6173946203?s=25770745
"Visit http://www.hushoo.com/index.php and www.lollipopvapor.com to see our partners. We will continue to develop products for the Real McCoy brand in the coming months; including some products targeted to growers of cannabis. We have very ambitious goals and objectives for USEI Cannabis and we believe that we will have a very long presence in Colorado and Washington, and wherever cannabis is legal. Our objective is to create a foundation that will be instrumental in our continued conquest to capture our market-share and create viable products that meet our goals and objectives for these markets. For more information regarding our strategies it can be found on the company's website @ www.useicannabis.com/web/," further commented Miller.
About U.S. Energy Initiatives: U.S. Energy Initiatives Corporation is a diverse (OTC Pink: USEI) (PINKSHEETS: USEI) energy firm. This firm started in 1996 and has had a long successful business history of developing its business strategies. Management's new goal is to business and to build a dynamic and diverse firm. From 2014-2015 U.S. Energy Initiatives will center on hemp to energy, everything cannabis related and developing products and services for the marketplace. Our goal here is to become an environmentally responsible firm, marketing our products to a worldwide audience to produce significant revenue and add value for our shareholders.
DISCLOSURES: "Safe Harbor" This press release contains forward-looking statements including statements regarding the timing of the revenue from the partnership and the partnership's success. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward looking statements include consumer reaction to our Cannabis products and new regulations which affect the distribution of these products. Further information on our risk factors is contained in our filings with the OTC Markets. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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