IRVINE, CA / ACCESSWIRE / February 7, 2018 / Cultivation Technologies, Inc. ("CTI" or the "Company"), an emerging leader in medical cannabis cultivation, manufacturing, distribution, technology, and branding, received notice from the staff of the Securities and Exchange Commission ("SEC") that it has finalized its investigation of CTI and that it does not intend to recommend an enforcement action against the Company to the Commission. During the course of the SEC's investigation, the Company cooperated fully with the Commission's staff and produced a large volume of documents that were requested. The written notification received by the Company from the SEC in January 2018 states:
"We have concluded the investigation as to Cultivation Technologies, Inc. Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against Cultivation Technologies, Inc."
ABOUT CULTIVATION TECHNOLOGIES, INC.
Cultivation Technologies, Inc. provides infrastructure, manufacturing, extraction, distribution, technology, and branding to the legal medical cannabis industry. The company owns 6-acres in Coachella, California, which is entitled for an 111,500+ square foot facility featuring cultivation centers, manufacturing facilities, a testing lab, a distribution hub featuring transportation, and a centralized processing center. For more information, visit www.CultivationTech.com. The Company acquired temporary licenses for "Type 7" manufacturing and distribution from the State of California in January 2018.
MEDIA INQUIRIES
Michelle Guthrie
888-851-9802 x114
[email protected]
DISCLAIMER
This press release constitutes forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, capitalizing the Coachella project, technical advances in the industry, as well as political and economic conditions present within the industry. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made. This press release and the information contained herein is not an offer to buy or sell securities and does not contain investment advice.
SOURCE: Cultivation Technologies, Inc.