Digital Utilities Ventures to Become Seed to Sale Player in the $10 Billion Legal Cannabis Market

BOSTON, MA / ACCESSWIRE / February 6, 2018 / Digital Utilities Ventures, Inc. (OTC PINK: DUTV) today announces a redirection in corporate operations and the pending launch of several new businesses in the legal cannabis sector. The Company looks to become a formidable presence in the legal cannabis marketplace and has thus far identified several areas where it plans to launch operations, especially relating to Cannabidiol (CBD), which is the non-hallucinatory compound that has significant medical benefits for the treatment of a wide range of medical conditions. These business opportunities will not only focus on existing cannabis related products and opportunities, but also on new and innovative applications for cannabis usage.

”It is an exciting time on the development of the legal cannabis sector as more U.S. states open up for legal medical and recreational use, especially when we consider the huge market growth that is occurring,” commented CEO of Digital, Pat Scorzelli. ”According to several market watchers, the legal cannabis sector produced over $10 billion in revenues during 2017 with projected growth to over $24 billion by 2021. For the past few months, we have been working to put into place several significant relationships in this market sector, which we will be sharing with Digital investors as we move toward closure. Our message to our investors is simple – we plan to be heavily involved in this marketplace, so stay tuned as we more fully outline our plans over the coming weeks.”

The Company’s strategy for growth will be to both acquire existing and developing business, while also directly fostering growth through internal business development. These opportunities range from seed to sale, including not only cultivation, processing and distribution operations, but also new technologies for cannabis edibles.

Digital’s management team is working quickly to restore the Company to Current Reporting status with the OTC Markets Group, filing a 48 page disclosure statement on February 2, 2018, which can be view at this link http://www.otcmarkets.com/financialReportViewer?symbol=DUTV&id=186952.

About Digital Utilities Ventures, Inc.

Digital Utilities Ventures has targeted the medical and recreational segments of the marijuana market. Our core product line is CBD and its medical derivatives and line extensions. CBD (Cannabidiol) – is a cannabis non-hallucinatory compound that has significant medical benefits for the treatment of a wide range of conditions such arthritis, diabetes, alcoholism, MS, chronic pain, schizophrenia, depression, antibiotic-resistant infections, epilepsy, opioids and other neurological disorders. By following the lead of industry innovators and trailblazers, such as Terra Tech Corp. (TRTC), Marijuana Company of America (MCOA), Sugarmade, Inc. (SGMD), and mCig, Inc. (MCIG), Digital Utilities Ventures, Inc. is poised to become an industry innovator by developing an end-to-end supply chain approach to the legal cannabis and hemp markets. The Company’s strategy is to develop through acquisitions and business development a vertically integrated business model that covers the entire spectrum of the CBD business from cultivation, through production, quality control and finally to distribution through dispensaries.

Contact Info:

https://www.duventures.com
Phone: 617-588-0068
Email: info@duventures.com

Forward Looking Statements

This press release includes statements that may constitute ”forward-looking” statements, usually containing the words ”believe,” ”estimate,” ”project,” ”expect” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company’s current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company’s periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

SOURCE: Digital Utilities Ventures, Inc.

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