Legacy/Wee-Cig Makes Distribution Agreement With AlderEgo Wholesale
12 4월 2014 - 5:34AM
Legacy Platinum Group Inc. dba Wee-Cig International Corporation
(OTCPINK:LWSP) announces that the Company has reached an agreement
with AlderEgo Wholesale (AE), a direct store merchandiser for the
medical and recreational lifestyle industries. More information
about AlderEgo Wholesale can be found on website
www.livegiveheal.com. The arrangement calls for AE to wholesale
Wee-Cig's products through their distribution channels. Wee-Cig's
alliance with AE is a step in the direction of broader and faster
distribution of the Wee-Cig products and improved sales revenue for
the Company.
AE is a direct store supplier for premium glass pipes and
accessories for the legal medical and recreational marijuana
industry by promoting a lifestyle of freedom, with a dedication to
giving back to the community through an emphasis of healing by
supporting medical marijuana research. AE's distribution is mainly
focused in the state of Washington and expects to be in 150 retail
locations by July 2014.
The state of Washington is one of the most progressive states in
the United States when it comes to the legalization of recreational
use of Marijuana. With revenue forecasts of $51 million in sales
from marijuana, a number derived from following closely the
forecast that Colorado, where retail sales are underway and will
realize $134 million in the next fiscal year. In fact growth and
revenue numbers are so staggering, researchers that have surveyed
hundreds of medical cannabis retailers, processors, dispensary
owners and industry leaders over the course of six months this year
estimate that more than $1.43 billion worth of legal marijuana will
have been sold in 2013. The report also predicts that figure to
grow by 64 percent, to $2.34 billion by 2014. By comparison, recent
figures show the smartphone market expanded only 46 percent from
2012 to 2013.
"Cannabis is one of the fastest-growing industries," said Steve
Berg, a former managing director of Wells Fargo Bank and editor of
the report, the second edition of the State of Legal Marijuana
Markets. "Domestically, we weren't able to find any market that is
growing as quickly."
About Wee-Cig
Wee-Cig International is a technology company focused on being
on the cutting edge of vaporization and electronic cigarettes.
There are an estimated 1.2 Billion smokers in the world and Wee-Cig
looks to be a part of the movement of converting them to e-cig and
vape users.
For more information on Wee-Cig, visit www.weecig.net
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: The statements contained herein which are not
historical fact are forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to, certain delays in testing and
evaluation of products and other risks detailed from time to time
in Legacy's filings with the Securities & Exchange
Commission.
CONTACT: For more information on Wee-Cig, visit www.weecig.net
For further information contact: 1-888-488-6882
/s/ Matt Kelly
Matt Kelly, Director
Wee Cig (PK) (USOTC:WCIG)
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