Santa Ana, California, March 15, 2017 (GLOBE NEWSWIRE) -- The Graystone Company (OTC:GYST) announced today that the company has expanded to five additional cities where the company will begin cannabis delivery operations. 

CEO M.T. Soeparmo stated, "The cannabis industry is proving to be both exciting and lucrative for businesses across the country.  We want our investors to know that this is a huge opportunity for the company in an industry that should show rapid growth for years to come." 

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. Soeparmo went on to say, "Our initial projections indicate the ability to reach cash flow positive status quickly.  With that in mind, we have identified five additional cities where we will begin operations in 2017.  This aggressive pace should allow us the opportunity to also pursue the operation of at least one cannabis dispensary.  Things are moving fast, but we could not be more excited for both the company and all shareholders.  We will keep you posted as further developments take place."   

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. 
Contact:Graystone Co.Phone: 1-347-688-9003mail: info@graystone1.com

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