Compassionate Therapeutic Solutions, LLC Announces Profit Projections
06 5월 2010 - 8:00PM
GT Legend Automotive Holdings, Inc. (Pink Sheets:GTLA) in
conjunction with Compassionate Therapeutic Solutions, LLC, released
a statement today discussing its profit projections.
The company has opened a licensed grow facility, thus reducing
product costs and doubling profit margins. Now, instead of
generating revenues of $75,000 per month, each location can bring
in $150,000 per month, totaling $1,800,000 per year per center.
According to an article posted on CNBC.com, CNBC estimates that
the marijuana industry is a $40 billion a year market (Source:
http://classic.cnbc.com/id/36331495). The state of Colorado
receives over 1,000 applications per day for authorized marijuana
permit cards, yielding $90,000 per day in revenue from the
registration fees (Source: Green Rights Radio 101.5, Denver).
Eugene Espinosa, President of GTLA, states, "Medical marijuana
sells for around $420.00 per ounce, and the average patient's
purchase is two ounces of product per month. Since we're utilizing
our independent, licensed grow facility, we are able to increase
our profit margin by approximately $100.00 per ounce of product,
leading to amplified revenues."
About Compassionate Therapeutic Solutions, LLC: Compassionate
Therapeutic Solutions, LLC is a multidisciplinary behavioral health
care practice that offers mental health, substance abuse and
primary caregiver services to communities of Colorado. The
company's focus is to provide cost-effective quality treatment and
to create, promote, and maintain a positive customer relationship
with clients, associates and the community. One of the functions of
the clinic is to provide comprehensive care to individuals who are
registered and authorized to utilize medical marijuana. Please
visit our website at www.ctscare.org for more information.
Forward Looking Statements: This press release contains certain
forward-looking statements. Investors are cautioned that certain
statements in this release are "forward looking statements" and
involve both known and unknown risks, uncertainties and other
factors. Such uncertainties include, among others, certain risks
associated with the operation of the company described above. The
Company's actual results could differ materially from expected
results.
CONTACT: GT Legend Automotive Holdings /
Compassionate Therapeutic Solutions
Investor Relations Department
303-526-9315
GT Legend Automotive (CE) (USOTC:GTLA)
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