NOT FOR DISTRIBUTION TO U.S. NEWS WIRE Solutions OR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta , Sept. 04, 2019 (GLOBE NEWSWIRE) — Huntington Exploration Inc. (“Huntington”, or the “Organization”), (TSX-V: HEI) is pleased to announce that it is exploring strategic options intended to make shareholder worth. In unique, the Organization intends to discover and evaluate possibilities in the USA industrial hemp sector with a concentrate on the cannabidiol (“CBD”) customer goods sector as an powerful indicates to improve shareholder worth. At the present time, the Organization does not have any agreement, arrangement or understanding with respect to any investment, like any cannabis or hemp operation. Such investment, if agreed, will be topic to TSX Venture Exchange (the “TSXV”) approval and compliance with any situations to such approval.
The federal Agricultural Improvement Act of 2018, typically identified as the USA Farm Bill, has had a pretty massive, good effect on the US hemp sector and has, as a outcome legalized CBD sales in all 50 states, offered that the CBD goods comply with all of the federal regulations, state level regulations, and other recommendations constant with the USA Farm Bill. The Brightfield Group, a marketplace and customer intelligence firm for the legal CBD and cannabis industries, estimates that the USA CBD marketplace could attain more than $23 billion in annual sales by 2023.
On behalf of the Board of Directors:
President and CEO
Forward Seeking Statements
This press release includes specific statements which constitute forward-searching statements or information and facts (“forward-searching statements”), like statements with regards to Huntington’s intentions to discover and evaluate strategic options, like prospective investments in the USA industrial hemp sector. Such forward searching statements are topic to many dangers and uncertainties, some of which are beyond Huntington’s manage, like the availability of prospective investments on affordable terms, the potential of the Organization to full or finance such investments if positioned, effect of common financial situations, sector situations, price tag volatility, currency fluctuations, environmental dangers, competitors from other sector participants, the lack of availability of certified personnel or management, stock marketplace volatility and the potential to access enough capital from internal and external sources. Even though Huntington believes that the expectations in its forward-searching statements are affordable, they are primarily based on things and assumptions regarding future events which could prove to be inaccurate. These things and assumptions are primarily based upon at present readily available information and facts. Such statements are topic to identified and unknown dangers, uncertainties and other things that could influence actual benefits or events and bring about actual benefits or events to differ materially from these stated, anticipated or implied in the forward-searching information and facts. As such, readers are cautioned not to location undue reliance on the forward-searching information and facts, as no assurance can be offered as to future benefits, levels of activity or achievements. The forward-searching statements contained in this document are produced as of the date of this document and, except as necessary by applicable law, Huntington does not undertake any obligation to publicly update or to revise any of the incorporated forward-searching statements, regardless of whether as a outcome of new information and facts, future events or otherwise. The forward-searching statements contained in this document are expressly certified by this cautionary statement.
Neither the TSXV nor its Regulation Solutions Provider (as that term is defined in the policies of the TSXV) accepts duty for the adequacy or accuracy of this release.
Huntington Exploration Inc.