Altitude Organic-Colorado Springs Negotiates Buyout of Second Location, Launches City Concert Promotion
PHOENIX, June 9, 2011 /PRNewswire/ -- Altitude Organic Corporation (Pinksheets: ERBB), a leading national, publicly-traded medical marijuana company, is pleased to announce that the owners of the 822 West Colorado Ave dispensary have negotiated the buyout of the second Altitude Organic Medicine location in Colorado Springs. Recently announced Colorado Director of Retail Operations, Aaron Bluse, is also one of the owners of store buying out the second location. (http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=ERBB:US&sid=alFBTxFzSuBU). Aaron and his team's reason for buying out the second store is to further unify the company's overall retail display, products, and procedures. While Altitude Organic is seeking to expand its presence in Colorado, Aaron and the Company remain focused on the expansion of the Altitude Organic Medicine brand throughout the US. Unifying the retail operations continues to enhance consistency and brand recognition.
Aaron Bluse stated, "Our store sales have significantly increased recently as additional retail fallout has occurred resulting from the saturated Colorado medical marijuana industry. We are looking to build a reputation at Altitude Organic for streamlined customer service, top quality products, and common-sense operating procedures. We attribute our store's success to our quality medication, branding and friendly customer service and have built a satisfied and loyal clientele."
Colorado's Department of Revenue is in charge of medical marijuana regulation in the state. All changes in ownership in medical marijuana centers must be approved by this governing body. The transfer is subject to approval that is expected to be completed within the month.
In other news, Altitude Organic Medicine in Colorado Springs is further leveraging its success by enhancing company visibility by sponsoring its first concert in the city. Altitude Organic Medicine and Subculture present "Twista and Marques Houston Live" at the Colorado Springs City Auditorium on July 15th. Tickets to the concert can only be purchased at Altitude Organic Medicine and Independent Records in the city. The concert marketing campaign will continue to enhance visibility for Altitude Organic Medicine throughout the state.
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:
CEO - Brian Cook
Altitude Organic Corporation
14220 N. Northsight Blvd., Suite 139
Scottsdale, Arizona 85260
480-443-1600
[email protected]
SOURCE Altitude Organic Corporation
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