HOLLYWOOD, FL, Dec. 03, 2018 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. HCMC ("HCMC or the "Company") is proud to announce that it has reached an agreement with Reynold Greenleaf & Associates, one of New Mexico's largest medical cannabis distributors, to license and distribute HCMC's U.S. Patented Q-Cup™ technology.
The Q-Cup™ is a small, quartz cup, which is partially filled with either cannabis or CBD concentrate (approximately 50mg). The Q-Cup™ is then inserted into the patented Q-Cup™ Tank or Globe, that heats the cup from the outside without coming in direct contact with the solid concentrate material.
This Q-Cup™ technology provides significantly more efficiency and an "on the go" solution for consumers who prefer to vape concentrates either medicinally or recreationally. While 50mg of either substance vaped traditionally from a metal coil or ceramic chamber would typically provide a single dose of cannabis or CBD, that same 50mg will provide 8-10 doses to the average consumer when used in this ground-breaking technology.
Jeff Holman, Chief Executive Officer of HCMC said "We are delighted to have the opportunity to partner with Reynold Greenleaf. This alliance that we have forged allows us to introduce our cutting-edge patented technology with the established RGreenleaf™ brand in New Mexico. The New Mexico market represents a key milestone for the continued adoption of our proprietary quartz-based delivery technology; estimates show that cannabis spending in the state could increase to over $100 million by 20251. This is yet another example of our continuous commitment to growth in shareholder value."
William Ford, Founder and President of Reynold Greenleaf & Associates commented " We are proud to have partnered with HCMC on the licensing and distribution of this revolutionary delivery system. We believe this cutting-edge technology, combined with our RGreenleaf product, will better serve our patients and position's us as key innovators as the stewards of responsible use of cannabis for symptomatic relief."
About Healthier Choices Management Corp.
Healthier Choices Management Corp. is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives. One segment of our business is our natural and organic grocery operations in Ft. Myers, Florida. Another segment is a U.S. based retailer of vaporizers and e-liquids. HCMC sells direct to consumer via company-owned brick-and-mortar retail locations operating under "Ada's Natural Market" and "The Vape Store" brands. The newest source of revenue for HCMC is our technology and IP for use in the cannabis and CBD market.
(1)New Frontier Data
Healthier Choices Management Corp. Inc. (www.healthiercmc.com).
About Reynold and Associates.
Reynold Greenleaf & Associates manages two licensed LNPPs and one licensed processing facility, whose collective goal is to provide a consistent supply of high-quality medical cannabis for patients, along with information and recommendations for successful cannabis therapy.
Forward Looking Statements.
This press release contains forward looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management's estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or estimates of revenue, income or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from and winding down of our wholesale distribution operations. In addition, when used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward looking statements.
Factors that may affect our future results of operations and financial condition include, but are not limited to, fluctuations in demand for our products, the introduction of new products, our ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of our liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in our filings with the United States Securities and Exchange Commission.
Contact Information:
Healthier Choices Management Corp.
3800 North 28TH Way, #1
Hollywood, FL 33020
Office: 305-600-5004 / Fax: 954-272-7773
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