Contact:Graystone Co.Phone: 1-347-688-9003Email: firstname.lastname@example.org
Garden Grove, California, March 06, 2017 (GLOBE NEWSWIRE) -- The Graystone Company (OTC: GYST) announced today that the company has begun placing all of its time, energy and resources into the Cannabis Industry. Company spokesperson Alfred Mendoza stated, "The timing of this change in direction could not be better for both the shareholders and company alike. As for the company progress to date, we have leased a space for our first cannabis related business in Garden Grove, California. We have filed the necessary paperwork for the collective and have secured vehicles and hired drivers. In very short order, The Graystone Company will begin operating its first of many Cannabis Delivery services in the great state of California. As far as our shareholders are concerned, our current share structure is stable with only 122,391,521 shares outstanding and 25,248,928 in the float." The Graystone Company, Inc. is in the process of building out a scalable business operation in the Cannabis Industry that will include multiple Cannabis Delivery Services and Dispensaries. The first Delivery Service begins operations in March 2017. Mr. Mendoza went on to say, "We have built out a sizable database of cannabis providers and end users over past several months. We are contracting with Weedmaps.com next week. As we begin operations with Cannabis Delivery, we do so with one eye on a move into Dispensary Operations as well. We could not be more excited about our new direction. We are ready to hit the ground running and we want our shareholders to know that we have their best interests in mind and will keep the investment community updated on a frequent basis going forward as it pertains to our overall progress." Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.