By Business Wire, October 08, 2013, 08:30:00 AM EDT
Puget working to add prominent cannabis authority to its scientific
FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--
Puget Technologies (OTCBB:PUGE) revealed today its new subsidiary,
Cannabis BioTech is in negotiations with a leading international medical
marijuana consultant to round out its research and development team.
Through his California based research firm, this prominent international
authority designs and builds effective and efficient programs to assist
dispensaries and medical cannabis companies to produce superior products.
Amid changing attitudes about marijuana, Cannabis Biotech is dedicated
to developing medicinal cannabinoid delivery options using the latest
scientific advances. The product development being conducted by Cannabis
BioTech is expected to add to the growing body of data demonstrating
marijuana's medicinal benefits.
President and CEO of Puget Technologies Ron Leyland said, "We are very
close to completing negotiations which will result in adding more
strength to our scientific team and accelerating the development of our
line of alternate delivery options." He added, "The 1.7 Billion dollar
U.S. medical marijuana market is expected to quadruple in size during
the next five years, and having such expertise onboard will ensure our
frontrunner position in the industry."
More information about Cannabis BioTech can be found at http://www.cannabisbiotech.com.
About Puget Technologies ( PUGE )
Puget Technologies is a publicly traded company on the OTCBB Market
stock exchange under the ticker symbol PUGE. Headquartered in Ft.
Lauderdale, Florida, Puget Technologies acquires, develops and sells
leading edge consumer oriented products ready for rapid
commercialization. Puget plans to become a recognized market leader in
its product categories. Much of its resources are dedicated to research
and development in order to provide consumers with quality options while
meeting the expectations of its investors.
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Source: Puget Technologies