Altitude Organic Corp Targets Flagstaff, Arizona to Open First Retail Hydroponics Equipment Store

PHOENIX, June 21, 2011 /PRNewswire/ -- Altitude Organic Corporation (Pinksheets:ERBB), a leading national, publicly-traded medical marijuana company, is pleased to announce the company has targeted Flagstaff, Arizona to launch its first retail Sundance Hydroponics horticulture equipment store (www.SundanceHydroponics.com).  The company has located interested investors in Flagstaff, AZ and terms are currently under negotiation.  Subject to finalizing terms, Sundance Hydroponics, a company that is 50% owned by Altitude Organic Corporation, would stock a significant portion of the initial equipment inventory and take a partial Corporate ownership position in the flagship retail store.  The company will now begin to identify suitable real estate in the area for the storefront.  The company will also begin soliciting potential Phoenix and Tucson storeowners going forward.

CEO Brian Cook stated, "The market for horticulture equipment is ripe for expansion today. We want to continue to build value for our company during the years ahead where we expect consistent changes in the medical marijuana regulatory environment.  We believe selling horticulture equipment, in under served markets, will provide more revenue stability during the market fluctuations and spontaneous rule changes that will occur as the cannabis industry matures.  Anticipating government mandates and municipal delays & changes has been difficult to say the very least.  As we continue to build organizational genetics, branding, and the retail model at our independently owned dispensaries in Colorado and California, we will also build the Sundance Hydroponics horticulture equipment business corporately."

Updating the negotiated buyout of Altitude Organic Medicine's second location in Colorado Springs.  Aaron Bluse, Director of Retail Operations, has chosen to target expansion via acquisition in variant markets in Colorado.  The second Altitude Organic location in Colorado Springs is located less the 1.5 miles from his store and a high number of businesses are competing for the same medical patients in the area.  The second Altitude Organic location is currently for up for sale.

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 partnership in Sundance Hydroponics (www.sundancehydroponics.com).  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

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED