American Diversified Holdings Corporation Files 2017 Quarterly Financials

ADHC Management Comments on Pending Legislation; Updates Acquisition Status

DEL MAR, CA / ACCESSWIRE / March 7, 2017 / American Diversified Holdings Corporation ADHC today announced that it has filed the 2^nd quarter ended January 31, 2017 report with OTCMARKETS.com. Investors can access financial information using the ticker ADHC.

Being current with financial filings is imperative as the company engages in negotiations with operating businesses in the Cannabis Sector.

The management of ADHC is closely watching the political landscape as federal regulators formulate new laws in the Cannabis arena. Congressman Dana Rohrabacher R-CA has proposed a law (HR 975) known as the "Respect The State Marijuana Laws Act of 2017" (see www.gpo.gov H.R. 975). If enacted, this law will amend the Controlled Substances Act (21 U.S.C. 801 et seq) prohibiting any federal prosecution for any persons or business in compliance with State Laws relating to the production, possession, distribution, dispensation, administration, or delivery of marijuana. Additional legislation on Marijuana is pending before congress proposed by Thomas Garret R-VA known as the "Ending Marijuana Prohibition Act of 2017," thereby deregulating the marijuana industry (see www.gpo.gov H.R.1227).

As the federal and state governments come to terms with the new cannabis industry, it is imperative that close attention is paid to the legislative landscape currently under development. Federal and State legislators on both sides of the political aisle have initiated legislation that will, once and for all, resolve concerns regarding the conflict of federal and state law. Once the federal government deregulates the marijuana industry, Corporate America will begin to set in motion plans to enter this sector with full confidence, the federal government has ended any statutory authority to prosecute cannabis businesses. "ADHC hopes to be one of the leading firms entering this sector," commented the ADHC management team.

Additional news on pending acquisitions in the Cannabis space will be forthcoming when customary due diligence has been satisfactorily concluded in the near future. Based upon ADHC's review of the Cannabis Industry and conferences attended the market for the Cannabis sector is very robust. Many opportunities are presented that are compelling options for ADHC's acquisition strategy. Upon completion of the www.calcanbizexpo.com ADHC is currently attending, shareholders will be updated on the latest acquisitions developments.

ABOUT AMERICAN DIVERSIFIED HOLDINGS

American Diversified Holdings is a holding company that provides executive management, corporate governance, administrative support, financial advice, and introductions to capital sources to various micro-cap private and public companies that have proven revenues and business models.

Safe Harbor

This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the Company's plans to change and are in no way intended to guarantee that the Company will be successful in executing its plans. American Diversified Holdings common stock currently trades on the over-the-counter "Pink Sheets" under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no reference has been made that this release contains all such information.

Investor Contact:

ADHCInvestor@gmail.com

SOURCE: American Diversified Holdings Corporation