Riverside, CA, CaliPharms, Inc. (OTCPink:KGET)
CaliPharms, Inc. (OTCPink:KGET), a Company operating in the California Medicinal Cannabis industry, which trades under its former name “Kleangas Energy Technologies, Inc.” is pleased to announce the company CEO, Bo Linton, attended a very informative industry event, “The Business of Bud: 2017 Cannabis Industry Update,“ at Golden Gate University in San Francisco, CA.
http://cfa-sf.org/events/EventDetails.aspx?id=911178
Morgan Paxhia, Co-Founder of cannabis hedge fund Poseidon Asset Management, discussed different vehicle structures that cannabis companies are currently using and various valuation metrics being used. His outlook for 2017 was a continuation of the M&A and acquisition roll-up strategy currently being used in the industry.
Responding to a question posed about negative comments made by White House Press Secretary Sean Spicer about recreational cannabis, the panelists were allowed to respond. Given the size and growth trajectory of the industry, entrepreneurs are not going to shut their doors without a fight, warned Troy Dayton, CEO of Arcview, a cannabis market research company. Other panelists noted that Trump repeatedly pledged over the course of his presidential campaign to respect state marijuana laws. Also, they noted the huge cost of enforcement, the creation of a large black market, loss of substantial tax revenue, and subsequent decline in popularity opinion polls that would occur under such scenario.
CaliPharm’s CEO, Bo Linton stated, ”The Business of Bud was a very informative event about the cannabis industry in the State of California. I learned first hand from the people directly involved in the processes, banking to taxation practices, as well as the investment opportunities. The feeling I got was there may be some bumps and grumblings mid year from the federal government, but California will, as always, lead the country with State policies that eventually become the norm. California being the fifth largest economy on the planet, that was not a surprise to me.”
Linton continued, ”What I heard from the investment speakers was music to my ears, everything CaliPharms is working to accomplish in the value added cannabis industry, fit what the investment speakers perceived as the direction for the most likely path for success. I’ve been saying it all along, accurate and consistent dosages and predictable effects from THC will be the key to gathering a recurring customer base. CaliPharms is right on track.”
Panelists:
Tim Morland, Director of Legislative and Regulatory Affairs, State Board of Equalization, State of California.
He graduated from California State University Sacramento with high honors in 2008 (Phi Kappa Phi)with a degree in Government
Troy Dayton, Arcview Investment
Arcview is a leading source of investment deal flow in the cannabis industry and active in market research and analysis.Troy is frequently quoted in the NYTimes, Washington Post, Fortune, CNN, NPR, Fox, Bloomberg and CNBC. Arcview's group of 600+ high net worth investors have allocated more than $91 million into 135 cannabis related companies.
Morgan Paxhia, Co-Founder, Poseidon Asset Management
Poseidon Asset Management is a hedge fund focused on the cannabis industry. Since 2013 Poseidon has invested in 30+ cannabis related companies across technology, data analytics, agtech, real estate, media, biotech, cultivation and industrial hemp processing. Morgan has been quoted in the WSJ, Barrons, Fortune, CNBC and many other publications.
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About CaliPharms, Inc.
CaliPharms Inc., trading under the symbol (KGET) which trades under its former name “Kleangas Energy Technologies, Inc.” is a medical marijuana-cannabis business. The Company operates through its 51% owned subsidiary County Junction Farms, Inc. within the State of California. The Company currently is focused within the medical marijuana-cannabis industry. The second tier of development for the company will be to expand into other sectors that support the legalized cannabis industry. The company intends to expand its operations as the laws for each individual State change and allow.
About Country Junction Farms, Inc.
Founded in 2010, Country Junction Farms is a fully permitted cultivator of medical cannabis within the State of California.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as CaliPharms or KGET or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Investment into a microcap company is a high risk investment and it should only be considered if you are able to afford a total loss of the investment. Laws and Regulations of Marijuana are currently in direct contradiction between California and Federal Law and these factors should be a part of your consideration when making an investment into KGET.
Company Contact:
CaliPharms, Inc. (KGET)
Telephone 1-949-800-6645
Email: info@CaliPharmsInc.com