AltMed Affiliate Begins Medical Cannabis Operations in Arizona
Florida’s AltMed LLC, through an affiliate, is now established in Arizona with a production and manufacturing authorization. AltMed will utilize the research, experience and know-how from its Arizona operations in Florida and other jurisdictions when and where approval is received.
Sarasota, FL – March 1, 2015
AltMed,LLC today announced the successful opening of a new state‐of‐the‐art 30,000 square-foot indoor grow facility in Coolidge, Arizona, by its affiliate Agronomy Innovations, LLC, that further positions AltMed as a national leader in cannabis care.
The Arizona operation is progressing quickly with 10,000 square feet of build-out completed and the completion of a deal to operate under an Arizona production and manufacturing license.
Our mission is to become the premier medical cannabis company in the United States by growing, manufacturing, dispensing, and developing innovative cannabis delivery systems of the highest quality,” said David Wright, CEO of AltMed. “Our expansion into the legal cannabis market in Arizona gives us a national footprint and invaluable industry experience – positioning us to be the most mature and qualified cannabis care company in our home state of Florida.”
For more information about AltMed, please visit: AltMed.co
About AltMed LLC
AltMed is a fully integrated company bringing pharmaceutical industry precision to the development, production and dispensing of medical cannabis. Established in early 2014 by a consortium of Sarasota, FL residents, AltMed’s Executive Chairman and its CEO are both former senior pharmaceutical executives.
To the extent any statements made in this press release contain information that is not historical, these statements are forward-looking in nature and merely express our beliefs, expectations or opinions. For example, words such as “may,” “should,” “estimates,” “predicts,” “continues,” “believes,” “anticipates,” “plans,” “expects,” “intends,” “potential,” “strategy” and similar expressions are intended to identify forward-looking statements. Such statements are based on current expectations or estimates and involve a number of known and unknown risks and uncertainties that could cause our actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, the following: (i) our ability to implement our business strategy of dispensing high quality cannabis products where permissible under applicable law; (ii) the legalization of cannabis production and use by the federal government; (iii) availability and cost of additional capital; (iv) our ability to attract, retain and motivate qualified employees and management; (v) the impact of federal, state or local government regulations; (vi) competition in the cannabis industry; (vii) our ability to generate revenues; and (viii) litigation in connection with our business. All forward-looking statements included in this press release and attributable to us or any person acting on our behalf are qualified by this cautionary statement. Forward-looking statements speak only as of the date on which they are made, and, except as required by law, we undertake no obligation to update or revise any forward-looking statement, regardless of whether new information becomes available, future developments occur or otherwise.
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