Vancouver, British Columbia / TheNewswire / January 25, 2016 - Arcturus Growthstar Technologies Inc. (the "Company" or "Arcturus") (CSE: AGS) (OTCQB: AGSTF) is pleased to announce that it has booked $63,154 CDN, or $48,003 USD, in revenue for its previously announced app portfolio acquisition, which closed October 5th, 2016. This amount reflects revenue from the time of the Company's acquisition of the portfolio through January 23, 2017.
"We continue to build momentum as evidenced by our 2,570,000 impressions ads served up in the past three months on Facebook, Admob and AppLovin," says William Gildea, CEO and Chairman of Arcturus. "We are looking forward to our new releases, including our 420 ALL-IN-ONE APPLICATION, which we hope will continue to increase this momentum throughout 2017."
Download the Company's 420 All-In-One app on iTunes here: http://apple.co/2k1ngjC
Currently, consumers can use numerous applications to find the best prices and selection of cannabis in the 28 United States where cannabis is legal. Millions of cannabis consumers are using data from major mobile apps such as Leafly, Weedmaps and Massroots to find the strain, price and location of a nearby dispensary, which has exactly what the consumer is looking for. As the Cannabis markets expand, business owners will increasingly use applications to draw in customers and differentiate themselves from the competition.
"With the success of major mobile apps such as Leafy, Weedmaps and Massroots in the Cannabis space, we feel that we are in the right place at the right time to develop our own Cannabis apps," says Mikael Hovhannisyan, the Company's app portfolio manager. "We are excited to have released our first mobile application in the cannabis space, now available for download on the iPhone"
For further information, contact William Gildea, Director, at 617.834.9467.
On behalf of the Board,
Arcturus Growthstar Technologies Inc.
William Gildea, CEO & Chairman
The Company's business model includes developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants. Arcturus provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment. The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.
The Company is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com which caters to B2B customers is a supplier of the newest and highest demand LED solutions. The Company also owns and operates COBGrowlights.com which caters to both large and small agriculture green houses and controlled cultivation centers.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has not in any way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
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