Altitude Organic Medicine Currently Serves Over 6600 Medical Marijuana Patients Nationally
PHOENIX and DENVER, Oct. 28, 2011 /PRNewswire/ — Altitude Organic Corporation (ERBB:OTC:Pink), a leading national, publicly-traded medical marijuana company, is pleased to update on the progress of its brand-licensed Altitude Organic Medicine dispensaries. Despite the constantly changing medical marijuana industry and evolving national regulations, Altitude Organic Medicine is currently operating fast growing businesses in Denver, Colorado Springs, and San Diego, CA.
The two Colorado medical marijuana centers are operating under Department of Revenue and MMED industry leading regulatory standards. Employees of Altitude Organic Medicine are background checked, provided identification badges, and legally authorized to work in the industry. Colorado casino employee’s and national gaming commissions screen employees in the identical fashion to insure safety and quality customer service.
Between the three brand-licensed dispensaries located in Colorado and California, an estimated $204,000 in sales were generated during the prior thirty days of operation. Although publicly traded Altitude Organic Corporation currently retains just a annual trademark, consulting, and brand-licensing fee from its Altitude Organic Medicine dispensaries, the company has been diligently creating its industry unifying monetization strategy. The strategy is designed to monetize the parent company while unifying regulated industry standards that can be applied to any medical marijuana center or THC infused product manufacturer.
The Altitude Organix Management Company is taking the operational lessons it has practiced since 2009 in the new multi-billion dollar medical marijuana industry and uniformly apply its branded system at dispensaries and commercial edible kitchens nationally. The medical marijuana management company operates as a limited liability branded service provider, just as casino and hotel management companies operate today. Altitude Organix Management will retain a service fee of 20% of the profits of its medical marijuana industry customers who retain ownership in their business and lease their own commercial property. Altitude Organix will pursue a strategic advantage being the first business of its kind in the country that can offer the medical marijuana industry branded service quality combined with mandated inventory control and regulated operational standards.
The company is currently in discussion with its first potential customer in Colorado that is seeking Altitude Organix Management services securing legally compliant dispensary locations, state & city licensing, and branded management operation. Altitude Organix Management is the turn-key, branded operation system for select clients nationally.
CEO Brian Cook exclaimed, “It hasn’t been easy, but we’ve taken a close look at Colorado’s leading industry regulations and we’ve come up with the managed system that will insure state legal compliance and the most consistent products and services for the new industry. Our system can help teach new medical marijuana regulated standards to business owners in various medical marijuana states, regardless of non-profit or for-profit business status. The Altitude Organix Management business model can guarantee the government collects its tax revenue from the new industry, while also creating a much better experience for those seeking natural wellness through cannabis. Keep in mind, applying high-quality customer service with our managed service model will promote industry cohesion and consistent cannabis production standards where few exist today. The Altitude Organix Management Company can pave the way for faster and smoother industry regulation mandates, while streamlining tax collection. We’ve been working very hard these last few years to gain public support for ending the nonsensical prohibition of cannabis. We are continuing to adapt with the regulations in order to stay compliant, become profitable, and bring professional standards to the new industry. I’m proud to say that we are going to help people while also helping the country and national economy get back on track!”
ABOUT ALTITUDE ORGANIC CORPORATION
Altitude Organic Corporation www.altitudeorganix.com provides independently-owned retail dispensaries in Colorado, California, and Arizona business support services, while also acting as a one-stop-shop for entrepreneurs looking to enter the burgeoning, multi-billion dollar industry of legal cannabis. Altitude Organic Corporation has launched its new management company strategy in Arizona. The company can manage, staff, consult, and provide uniquely branded products and concepts to medical marijuana dispensaries using a limited liability agreement. The company also sells horticulture equipment via its partnership in Sundance Hydroponics (www.sundancehydroponics.com). Visit www.altitudeorganicmedicine.com today.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
Company and Contact:
Chief Executive Officer
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
SOURCE Altitude Organic Corporation