Interactive Health Network Acquires TBLO, a Managed Service Provider for the Cannabis Industry
05 6월 2014 - 8:45PM
Marketwired
Interactive Health Network Acquires TBLO, a Managed Service
Provider for the Cannabis Industry
Third Strategic Acquisition Bolsters Market Opportunity for
IHN's Cannabis Health Group Division
TBLO Business Projected to Generate Approximately $1 Million in
Annual Service Revenue
RENO, NV--(Marketwired - Jun 5, 2014) - Interactive Health
Network ("IHN" or "the Company") (OTC Pink : IGRW) (PINKSHEETS:
IGRW), a diversified holding company operating in the legal
cannabis industry and advanced health supplements markets,
announced today that it has acquired TBLO, a managed service
provider in the legal cannabis market.
Following BIOTEL, TBLO is the Company's second acquisition of a
managed service provider for the legal cannabis industry in 2014.
This is the third strategic acquisition executed by IHN's Cannabis
Health Group division during 2014, the first being Here We Grow
Store, a national retailer of indoor gardening and horticulture
equipment and growing supplies, in early April.
"IHN has had a strong start to 2014, as we have strengthened our
holdings portfolio in the legal cannabis space by executing three
strategic acquisitions through our subsidiary, the Cannabis Health
Group," stated Cesar D. Vazquez III, Executive Vice President,
Marketing for IHN. "Managed service providers such as TBLO and
BIOTEL allow us to provide a more comprehensive offering in the
recreational and medical marijuana space, and better position us to
execute our go-to-market strategy in this high-growth industry. As
we continue to cultivate additional revenue pipelines, we believe
that we are poised to capitalize on the continued growth in the
legal cannabis market and drive value for our shareholders."
Interactive Health Network expects TBLO to contribute
approximately $1 million in annual revenue beginning this year.
About Interactive Health Network
Interactive Health Network is a publicly traded holdings company
that manufactures, markets and sells high quality lifestyle
products and nutraceuticals; including its wholly owned subsidiary,
Cannabis Health Group, which focuses on the medical marijuana and
hemp market space. We plan on extending and deepening our product
lines to include other progressive market segments through
acquisitions. We operate under strict levels of quality and operate
with the highest level of integrity in all of our businesses.
Interactive Health Network will not cultivate, handle, transport,
grow, extract, dispense, put up for sale, put on the market, vend,
deliver, circulate, or trade cannabis products or any substances
that violates the US Law or Controlled Substance Act. Interactive
Health Network is publically traded on the OTC market under the
symbol IGRW.
About Here We Grow Store
Here We Grow Store is a leader in the Indoor Garden and
Hydroponics Industry as a national retailer of horticulture
equipment and growing supplies headquartered in Denver, Colorado.
Specializing in e-commerce worldwide, the company's website
www.herewegrowstore.com is a state of the art online retail store
where you can purchase all the leading Nutrients, Growing Lights,
and Air controllers necessary for indoor gardening. Here We Grow
Store has exclusive Distributor pricing of high quality nutrients
and grow lights that are distributed in the US and Worldwide. For
more information please visit www.herewegrowstore.com
Disclaimer
SINCE MEDICAL AND RECREATIONAL MARIJUANA IS NOT YET FEDERALLY
APPROVED, IGRW WILL NOT CULTIVATE, HANDLE, TRANSPORT, GROW,
EXTRACT, DISPENSE, PUT UP FOR SALE, PUT ON THE MARKET, VEND,
DELIVER, CIRCULATE, OR TRADE CANNABIS PRODUCTS OR ANY SUBSTANCES
THAT VIOLATES THE US LAW OR CONTROLLED SUBSTANCE ACT.
Forward-Looking Statements:
This press release includes forward-looking statements
concerning the future performance of our business, its operations
and its financial performance and condition, and also includes
selected operating results presented without the context of
accompanying financial results. These forward-looking statements
include, among others, statements with respect to our objectives
and strategies to achieve those objectives, as well as statements
with respect to our beliefs, plans, expectations, anticipations,
estimates or intentions. These forward-looking statements are based
on our current expectations. We caution that all forward-looking
information is inherently uncertain and actual results may differ
materially from the assumptions, estimates or expectations
reflected or contained in the forward-looking information, and that
actual future performance will be affected by a number of factors,
including economic conditions, technological change, regulatory
change and competitive factors, many of which are beyond our
control. Therefore, future events and results may vary
significantly from what we currently foresee. We are under no
obligation (and we expressly disclaim any such obligation) to
update or alter the forward-looking statements whether as a result
of new information, future events or otherwise.
Contacts: Jeffrey Goldberger / Phil Carlson KCSA Strategic
Communications P: 212-896-1249 / 212-896-1233 Email:
jgoldberger@kcsa.com / pcarlson@kcsa.com
Interactive Health Network (CE) (USOTC:IGRW)
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Interactive Health Network (CE) (USOTC:IGRW)
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