CSPA Group, Inc. announces September Revenue
ADELANTO, Calif., Oct. 9, 2018 /PRNewswire/ -- CSPA Group, Inc. (the "Company" or "CSPA") announces that it has earned in excess of CAD$900,000 in gross revenue for the month ending September 30, 2018. The Company was issued a Temporary Distribution and Transportation License from the Bureau of Cannabis Control of California which allowed CSPA to start delivery of extracted distillate products and begin generating revenue from the CSPA's laboratory operations.
CSPA's CEO, Kelly Christopherson, stated, "This was a significant milestone in the development of our business model. The revenue numbers are just the first indication that the Company's choice to implement vertical integration and marketing controls from seed to sale is possible." Ms. Christopherson went on to say, "Our vertical integration allows for controls that ensure a higher quality of raw material with increased safety and reduced operational and market risk. Ultimately we believe this will lead to increased profitability." The Company will continue its development of its state of the art facility, operations, processes, and product lines as well as building its white label business.
About CSPA Group, Inc.
The Company is located in Adelanto, California and is a City Permitted and State Licensed manufacturer and distributor/transporter in the California cannabis industry. CSPA manufactures extracted oils and distillates, and produces CannaStripsTM under a license agreement with Lifestyle Delivery Systems Inc., a British Columbian company.
Kelly Christopherson, CEO
FOR MORE INFORMATION, PLEASE CONTACT:
[email protected]
Cautionary Disclaimer Statement: The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the Company's limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward looking information.
SOURCE CSPA Group, Inc.
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