Interactive Health Network -- Shareholder Update Statement for the Company's Business Activities and Plans in the Health and Wellness Market
RENO, NV--(Marketwired - Dec 18, 2014) - INTERACTIVE HEALTH NETWORK (OTC PINK: IGRW), a health company specializing in advances in Supplements for Health and Anti-Aging today stated that when Interactive Health Network entered into the cannabis business arena in the spring of 2014, the Company viewed it as a business opportunity and still expects it will be fully legalized in America and eventually on a global level.
As stated in the enclosed link below -- States with legal hemp cultivation and medical marijuana programs just got historic support from Congress.
Included in the federal spending bill were amendments that prohibit the Department of Justice from using funds to go after state medical marijuana operations and that block the Drug Enforcement Administration from using funds to interfere in state-legal industrial hemp research.
"The enactment of this legislation marked the first time in decades that the federal government has curtailed its oppressive prohibition of marijuana and has instead taken an approach to respect the many states that have permitted the use of medical marijuana to some degree," Rep. Dana Rohrabacher (R-Calif.), who in May introduced the medical marijuana protections amendment with co-sponsor Rep. Sam Farr (D-Calif.), told The Huffington Post Wednesday.
This is a victory for so many who have found marijuana to be an important medicine for some of the ailments they suffer from currently.
The bill protects medical marijuana programs in the 23 states that have legalized marijuana for medical purposes, as well as 11 additional states that have legalized CBD oils, a non-psychoactive ingredient in marijuana that may be therapeutically beneficial for various medical conditions.
We believe there is huge potential and the momentum for full legalization of various products from cannabis will continue in the very near future. We believe that the Company should be positioned correctly to take the full benefit of this market.
Demand is far out pacing supply both in the production of the cannabis and the related products being currently offered and developed.
With the states passing changes in laws relating to the production and use of cannabis products and the fear of violating the laws on both the Federal and State levels being eliminated, we see vast opportunities in this market both on the production of the cannabis, the products being produced and the ancillary services that will be offered.
As already mentioned, the medical marijuana industry is growing as more states are legalizing the use of marijuana for medical purposes and the recreational use barrier has been broken (e.g., Colorado, Washington, Oregon, Alaska and Washington, D.C.). However, there are many issues and activities that still make it illegal from the federal level and anyone selling, using, or otherwise being involved in the industry is doing so at their own risk of potential federal criminal penalties.
Our success will be built on designing and creating cannabinoid products in the interim that are legal at the Federal level for clinical, cosmetic, health, alternative healing, herbal and other health needs.
Our business model, products and services will all be based around adding value to our business activities and value for our shareholders.
The earlier term of divesture didn't fully describe the intent of the Company's actions currently and in the near future. We are still fully committed to stay in the legal sector of this market and we expect to fully utilize the assets we have to add value to the company. We have and are acquiring key relationships currently to obtain these goals to have products and services ready to go to market by the spring of 2015.
Congress Blocks Feds From Targeting Medical Marijuana, Hemp Cultivation
http://www.huffingtonpost.com/2014/12/10/congress-blocks-feds-from_n_6302530.html
About Interactive Health Network:
Interactive Health Network is a publicly traded holdings company that manufactures, markets and sells high quality lifestyle products and nutraceuticals. We plan on extending and deepening our product lines to include other progressive market segments through acquisitions and organic growth of existing product lines. We operate under strict levels of quality and operate with the highest level of integrity in all of our businesses. Interactive Health Network is publically traded on the OTC market under the symbol IGRW. www.Interactivehealthnetwork.com
About Wellnessbuilder:
The Company specializes in advances in Supplements for Health, and Anti-Aging with a special interest in Preventative Medicine. The Company was formed to distribute nutraceutical formulas developed over thirty years of research by world renowned team of UCLA scientists. Wellnessbuilder scientists have created more than a dozen fucoidan-based formulas which are intended to address the needs of individuals suffering from DDS (Degenerative Disease Syndrome), which includes such maladies as gastrointestinal disorders, auto-immune diseases, asthma, Alzeimer's, dementia, diabetes, arthritis, cancer, and heart disease.www.wellnessbuilder.com
About Here We Grow Store:
HWGS is a leader in the Indoor Garden and Hydroponics Industry as a national retailer of horticulture equipment and growing supplies headquartered in Denver, Colorado. Specializing in e-commerce worldwide, the company's website www.herewegrowstore.com is a state of the art online retail store where you can purchase all the leading Nutrients, Growing Lights, and Air controllers necessary for indoor gardening. Here We Grow Store has exclusive Distributor pricing of high quality nutrients and grow lights that are distributed in the US and Worldwide. For more information please visit www.herewegrowstore.com
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
