VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 28, 2016) - Finore Mining Inc. ("Finore" or the "Company") (CSE:FIN)(FIN.CN)(OTC PINK:FNREF) and Kushtown USA ("Kushtown") announce that the companies are working closely with their legal advisors and are nearing completion of final documentation for filing with the Canadian Securities Exchange for completion of Finore's merger with Kushtown USA and plan to file the documentation in the coming weeks.
Kushtown USA Progress
Kushtown USA has entered into consulting agreements with leading industry legal and regulatory advisors on marijuana legalization in California and North America and is working with these advisors to structure the company's operations to be fully compliant with the changing legislation across North America.
Kushtown USA, with guidance from its advisors has entered into an Option to Lease a facility to establish an automated bottling and edibles manufacturing and distribution facility in the Greater Los Angeles area and is finalizing its due diligence on the facility. The company is working with its advisors to ensure its planned manufacturing facility will be compliant with the California Food Safety Program.
The Food Safety Program of the Food and Drug Branch of California strives to be a world leader and trusted voice in farm to table food safety. The mission of the program is to protect and improve the health of consumers by assuring foods are safe, and are not adulterated, misbranded, or falsely advertised. This is accomplished through enforcement based upon scientific principles and specific legal authority.
Kushtown International Branding Program
Kushtown USA owns the trademark "KUSHTOWN" in the United States and has submitted applications to trademark KUSHTOWN in Europe, Australia, New Zealand, Canada, and Latin America. Kushtown's goal is to build the Kushtown brand of sodas, sauces and edibles across all regions where marijuana is legal for medicinal or recreational marijuana products. Initial plans are for Kushtown USA to focus in the USA and Canada. The company will also be seeking licensing partners to the Kushtown brand in other countries such as Colombia, Netherlands, Puerto Rico, Portugal and Spain, where marijuana has been largely legalized.
Kushtown President, Peter Moret states, "We are moving quickly to be the first company to work towards an internationally recognized cannabis brand of sodas and edibles. I am proud to stand behind the reputation that Kushtown USA has built in the California cannabis medicinal market and it has long been my goal to build Kushtown into an internationally recognized name brand. Our transaction with Finore will establish a Canadian public listing and acquire the required funding to do so. We have engaged the best industry advisors who will guide us to be a first mover in this exciting business opportunity and move forward with full compliance to the changing regulatory fields in the various jurisdictions."
The CSE does not accept responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding "Forward-Looking" Information
The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.