$ETII, located in UTAH with it’s 2 CBD subsidiary’s PhytolifeFitness and CBD Health Co, ETII is pre-positioned to truly benefit from the states movement towards the medical use of CBD and other cannabis products. In the world of business, more sales equals more profits and well… rising stock prices aren’t far behind. ETII which has already touched or broke $1 on three separate occasions in the last trading year, is now at a point where its in the best possible scenario for future success and feel that $1+ is right around the corner!
MEDICAL MARIJUANA: NOW OR LATER?
Utah residents will vote on a ballot initiative that would legalize medical marijuana. But win or lose, state leaders have vowed to join 30 other states in legalizing pot for people with certain conditions.
After months of fierce debate and campaigning, Mormon church leaders, state lawmakers and the governor — all opponents of the initiative — reached a compromise with medical marijuana advocates in which they agreed on parameters for a law that suited all sides.
If the ballot initiative passes, it will be revised to fit the compromise. If it fails, a new law will be drafted. Gov. Gary Herbert has promised to call a special session after the election to make that happen.
Mormon leaders had opposed the ballot proposal over fears it could lead to more broad use, but agreed to the compromise to allow access for people with serious medical needs. The faith had long frowned upon medical marijuana use because of a key church health code called the “Word of Wisdom,” which prohibits coffee as well as alcohol, tobacco and illegal drugs.
Medical marijuana advocates are backing the deal to avoid wrangling and uncertainty that could continue if the ballot initiative passes.
The ballot initiative would create a state-regulated growing and dispensing operation and allow people with certain medical conditions to use the drug in edible forms. It does not allow pot smoking.
Unlike the ballot initiative, the compromise won’t allow people to grow their own marijuana if they live too far from a dispensary. It also bars certain types of edible marijuana that could appeal to children, like cookies and brownies.
ETII Foresaw the CBD/Cannabis Movement – Acquired CBD Health Co in January!
SALT LAKE CITY, UT , Jan. 25, 2018 (GLOBE NEWSWIRE) — EnviroTechnologies International, Inc., a publicly traded company (OTC Pink, Symbol: ETII) that develops and markets green, natural and organic products for diverse industries, announced today that it acquired CBD Health Co. (www.cbdhealthco.com), a company that markets and sells high quality and proprietary hemp-based, natural CBD health products, as a wholly owned subsidiary.
The revenues from hemp-based CBD products in the US currently exceeds $200 M and Forbes magazine predicts that sales in the CDB space will increase to over $2.1 B, a 700% increase, by the year 2020.
“Our company has been successful in developing, testing and marketing safe, green and non-toxic product and equipment solutions for several industries. Our principals have years of experience in developing and marketing consumer cleaning products. Acquiring CBD Health Co. is a natural evolutionary step in our company‘s development as CBD Health Co. is a leader in the highly profitable and ever-growing CBD health supplement market,” said Randall Waters, ETI’s Vice President of Sales and Marketing.
“Our health products are manufactured with natural US grown CBD hemp, which are an effective alternative to prescription drugs. Our vision has always been to create a world-class line of CBD products that will help usher in a new era of natural remedies, understanding that most patients would prefer to take a natural path towards healing,” said Jo De Leon, CBD Health Co.’s CEO. “Joining with ETI’s team will help CBD Health Co expand its marketing reach as well as full product development.”
“This merger creates great synergy. We appreciate Mr. De Leon’s pioneering work in this industry and are grateful that he will remain as CBD Health Co.’s CEO to drive its great vision,” said Waters.
About EnviroTechnologies International, Inc.
EnviroTechnologies International is a publicly listed company that develops and markets proprietary, synergistic products for the oil and gas and agriculture industries as well as wellness products. The company’s products are safe, natural, and non-toxic and “green” products for industries that often show little concern for the environment but are now feeling the social and governmental need to go “green.” The company’s completely green and natural products are proprietary, unique and highly effective innovations to its target markets.
For more information visit our website at www.enviroti.com
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