Business
RushNet, Inc. (RSHN) And XYZ Hemp, Inc. (GRPS) Provide Annual Update Concerning Progress and Their Future
RushNet, Inc. (RSHN) And XYZ Hemp, Inc. (GRPS) Provide Annual Update Concerning Progress and Their Future.
About this update from Gold River Productions, Inc.
[{"type":"text","content":"\nPalm Coast, FL, Jan. 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- RushNet, Inc. (RSHN) And XYZ Hemp, Inc. (GRPS) began this journey only six months ago, July 2018, with the vision of enhancing shareholder value by engaging in a very focused manner, in a rapidly and exponentially growing and expanding CBD field, still in its infancy, with plenty of room to grow and extraordinary values. \n Continuing to depress the value of Hemp and CBD companies is the current set of troublesome and often forbidding legal ambiguities. Yet, we feel that it is the same set of ambiguities that will inevitably pave the way toward explosive future growth and success. Exacerbating this inevitable industry growth is that CBD is indeed the “miracle drug” as first characterized by the medical experts engaged by President Richard Nixon, to which he responded that that is not the conclusion he sought. Still being a Schedule 1 drug, and with society’s continued negative view of cannabis and often reticence to open its mind, and the consequent negativity in public opinion fueled a perfect storm to depress the value of this sector. Yet, it is that same negativity which fosters the great value proposition which will inevitably fuel great future value. It is our view that that storm will soon dissipate. This consequence is particularly enhanced given the incredible benefits to be enjoyed by CBD. And CBD will achieve its unparalleled potential for growth, with bipartisan support in Congress and the entry into the voting population of the younger generations with greater open-mindedness for the value of CBD and its recognition as the “miracle drug” we know it to be. We are confident that the consequent inevitable swing in public opinion will soon result in cannabis no longer being a Schedule 1 drug, and in the not-too-distant future, no longer be federally illegal.  We did not undertake this journey in a conventional manner. The standard practice when taking over a public entity is to engage in a massive reverse stock split and to then issue a substantial number of shares to the incoming group, leaving little or no value to the existing shareholders – the “takeover squeeze out.” That philosophy, however, is the antithesis of our vision for the shareholders. That more conventional approach would ...