DENVER, CO--(Marketwired - Aug 27, 2015) - Monarch America, Inc. (
As per the Agreement, Monarch America will provide advisory and consulting services to Mary JaneCo related to cultivation facility design, cultivation facility construction management, general cultivation (seed to sale), CO2 extraction facility design, CO2 extraction facility construction management, products procurement, general consulting and advisory, and general construction management.
In addition to fees for providing ongoing advisory and consulting services, the Agreement also calls for Monarch to receive a General Construction Management Services fee equal to twenty-percent (20%) of the total construction costs of the planned facility. The Agreement is for an initial term of two (2) years.
"I am very excited to have expanded our established cannabis consulting and advisory business into another very active region of the country," stated Eric Hagen, CEO of Monarch America Inc. "With our design and engineering teams in place, and the expertise and equipment from The Big Tomato, I am confident that our first project in Washington can be a definite near and long term success."
Design and planning of the Auburn, Washington location has already started and is expected to be completed within 30 days. The Company anticipates that construction will commence immediately following planning and approval, and should take 4-6 weeks to complete.
About Monarch America, Inc. (BTFL)
Monarch America, Inc. (
Additional information regarding Monarch America, Inc. (
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results will probably differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Monarch America (f/k/a Cannabis Kinetics Corp.) filings with the Securities & Exchange Commission. As a reporting issuer with the Securities & Exchange Commission, Monarch America files quarterly reports (10-Q), annual reports (10-K), and other documents on EDGAR. We strongly urge all persons to read our filings at www.sec.gov, which are publicly available, in conjunction with this press release as we are in a highly regulated industry that requires thorough research prior to making any decision regarding a company, particularly an investment decision. In addition, such statements could be affected by risks and uncertainties related to Monarch America, Inc.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified management representatives, (iv) competition, pricing and development difficulties, (v) ability to fully implement our business plan as a result of being a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Monarch America does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from Monarch America expectations and estimates. Information on Monarch America's website does not constitute a part of this release.