PHOENIX, May 12, 2011 /PRNewswire/ -- Altitude Organic Corporation (Pinksheets:AMNG - News), a leading national, publicly-traded medical marijuana company, is pleased to announce that it has more than tripled its number of potential dispensary owners in Arizona who wish to open their own corporately-managed Altitude Organic Medicine dispensary. The company, which acts as a consultant to prospective dispensary owner-affiliates, is planning to increase their number of Arizona affiliates by the application deadline of June 30, 2011.
As a result of the Altitude Organic success thus far, revenues from its consulting services continue to improve. Upon state and local approval of these dispensary applications, Altitude Organic Corporation will help staff, consult, unify processes, provide branding, unique concepts, and production guidance to all of its store owners.
President Brian Cook stated, "It feels like our extreme hard work is beginning to pay off. Arizona dispensary applicants now realize they need solid teamwork and experience behind them going forward. Dispensary prospects are looking for a group they can trust to help them succeed and build long-term value in an industry that has no prior road map for success. We are charting that road map ahead right now. I encourage more dispensary applicants to reach out to us in the next week so we can meet all the required deadlines, including the 30-day entity capitalization requirement that will be upon us soon. Successful rollouts of our dispensary affiliates can have a very positive effect in bolstering our economy, creating hundreds of jobs for Arizonans."
According to See Change Strategies, the US Market for Medical Marijuana Is Currently Worth $1.7 Billion in 2011 and Projected to Reach $8.9 billion in 5 Years. (http://medicalmarijuanamarkets.com/see-change-strategy-in-the-news/)
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 multi-billion dollar burgeoning 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 recently launched Doctor MMJ (www.doctormmj.com) -- a medical marijuana doctor referral service. Visit www.altitudeorganicmedicine.com or www.altitudeorganix.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:
Mr. Brian Cook
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
P - 480-443-1600
F - 424-288-5523
|SOURCE Altitude Organic Corporation|
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