Dutch Gold Resources To Launch Crowd-Funding Portal For Medical Marijuana Sector


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PK:DGRI / OTC:BB:PHOT / PK:HEMP
05/29/2014 [ACCESSWIRE]

Dutch Gold Resources, Inc. (OTCPINK: DGRI) saw its share volume rise on May 28th with 164,333,680 shares exchanging hands, significantly higher than its three month daily average volume of 101,869,543 shares.

This uptick in volume comes after Dutch Gold Resources announced that it will launch its crowd-funding portal for the MMJ sector. On June 20, 2014. The Company’s technology team has completed the functionality of the site, http://www.mmjcrowdfund.com/, and is now three soliciting companies that are seeking capital.

Daniel Hollis, CEO commented, "We are very excited to provide a financing platform to this exciting new industry. The capital needs as this sector grows for $2B to $8B in sales over the next four years are very significant. Our intention is to make mmjcrwodfund.com the premier platform for high-quality companies in this sector, featuring the best of the best offerings. We believe that this will serve our shareholders, generating revenue from fees and potentially equity in some of the most exciting new growth companies in the MMJ sector. DGRI is pleased to move from the concept stage to actually producing revenue during Q2 2014."

DGRI closed the day at $.0018, 38.46% higher than its previous close of $.0013.

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Growlife Appoints Mark E. Scott To Board Of Directors

Growlife, Inc. (OTCQB: PHOT) saw its share volume remain strong on May 28th with 26,413,596 shares exchanging hands, right on par with its three month daily average volume of 24,471,300 shares.

Growlife, a leader in specialty hydroponics and a provider of essential goods for indoor growers, recently announced that financial executive Mark E. Scott joined its Board of Directors effective May 21, 2014. Mr. Scott has served as Chief Financial Officer and held board and secretary positions for several publically traded companies. Mr. Scott will help advise the company on strategic growth investments, financial reporting and governance.

"GrowLife needs to ensure it has the strongest financial controls in place that not only meet regulatory standards, but responsibly exceed them during this volatile time in the market," said Marco Hegyi, President of GrowLife. "Mark is a critical addition to the future of GrowLife, and with his guidance, we will strengthen and stabilize the Company's ability to work with the public market."

"The challenge of capitalizing on such market growth requires solid infrastructure and reporting systems to mitigate risks that are necessary to scale a company," said Mr. Scott. "The leadership team at GrowLife understands these challenges and, with my help, is reinforcing Company-wide financial controls to lead industry growth."

PHOT closed the day at $.175, 40% higher than its previous close of $.13.

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Hemp, Inc. To Sponsor “HempZone”

Hemp, Inc. (OTCPINK: HEMP) saw its share volume cut in half compared to its three month daily average share volume with 13,318,932 shares exchanging hands compared to 26,278,019 shares.

Hemp, Inc. announced that it will sponsor "HempZone," an interactive business and educational venue, at today's first annual Cannabis Capital Summit in Denver, Colorado. The Cannabis Capital Summit, presented by the Rockies Venture Club, and the "HempZone" are scheduled for today, Thursday, May 29, 2014.

Hemp, Inc.'s "HempZone," at the summit, will create a "holistic" approach to cannabis and Industrial Hemp by educating investors and empowering entrepreneurs to create jobs and opportunities within the Industrial Hemp industry.

Bruce Perlowin, CEO of Hemp, Inc. said, "The HempZone venue will be used to showcase Industry experts, educators, entrepreneurs and companies. We also have some of the Hemp, Inc. partners and associates attending from at least ten states around the country. One in particular, View Systems, Inc. (VSYM), a leading Baltimore-based manufacturer and provider of integrated weapons detection systems, will be showcasing their View-Scan product line for dispensaries."

HEMP closed the day at $.065.

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