Montalvo Spirits, Inc. (OTCQB: TQLA) ("Montalvo" or, the "Company") announced today that it has established Cannabis Beverage Group, Inc. ("CBG"), a Colorado corporation, as a new, wholly-owned subsidiary. CBG will pursue the development, marketing, and distribution of cannabis-based beverages, which include sodas, teas, energy drinks, liqueurs, and elixirs. CBG is actively seeking non-THC containing cannabis beverages that can be legally purchased throughout the U.S. CBG's strategy for entry into the industry includes the development of new brands, as well as the potential acquisition, partnership, or distribution arrangements with brands that are currently in the market. In addition, CBG has begun gathering regulatory information regarding the potential partnership or acquisition of properly licensed companies in the medical marijuana beverage industry, and is currently developing an ecommerce website.
"After careful deliberation, we feel the time is right to begin actively exploring the entry into the cannabis beverage industry, including hemp products in addition to medical marijuana products in states in which it is legal to do so," said Alex Viecco, CEO of Montalvo. "We feel that the industry is in its infancy and will only gain traction as more states begin to work towards legalization. Using beverages as an alternative method to smoking may allow more people to access the potential health benefits and further treat their ailments," added Viecco.
The Company expects to provide periodic updates on any progress in CBG's development, including the upcoming launch of an ecommerce website.
About Montalvo Spirits, Inc.
Montalvo Spirits, Inc. develops, markets and distributes premium alcoholic beverages, with its initial offering being the award-winning Montalvo Tequila. The Company plans to focus on artisanal spirit brands with a tradition of excellence and quality. Additional information concerning the Company is available on the Company's website: http://montalvospirits.com
Forward Looking Statements: Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Montalvo Spirits, Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Montalvo assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
Montalvo Spirits, Inc. Contact:
Media Inquiries:
Media@MontalvoSpirits.com
Investor Relations:
818.254.8327
IR@MontalvoSpirits.com
SOURCE: Montalvo Spirits, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
TQLA_04-28-14_MEL_ETL.docx
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