Everyone on the team would like to thank all of our investors for their support as it has been one heck of an adventure to get here.
We are still the only non-real estate, ancillary Cannabis company to be Qualified by the SEC to raise capital via Regulation A+.
Nobody who raises money using Regulation A+ says it's an easy task, our journey to get to this point is no different.
We are extremely proud of our team and investors for riding out the SEC suspension with such grace, getting our SEC suspension overturned in a SEC proceeding, a first of it’s kind victory, and hitting the ground running as soon as we got the all clear to continue our capital raising efforts in September 2017.
Thank you. Our team is more motivated than ever.
We wanted to take this time to also update all of our current investors as well as potential investors on the Company.
Nature-Cide continues to grow as a premiere 25(b) product used globally by commercial and residential pest control operators. The team is winding down a week long trip in Baltimore Maryland at one of the biggest pest control events in the world, PestWorld 2017.
The Nature-Cide brand has positioned itself as one of the fastest paced and most trusted green pesticide in the pest control industry. Moving forward this impacts Med-X because more cannabis businesses are resorting to using licensed applicators. New regulations on cannabis cultivations / facilities in California and other states require reporting and many cannabis businesses are recognizing that licensed applicators already report to state and county authorities. Using a licensed pest control applicator is the fastest, safest and most efficient way to meet the state pesticide testing requirements for cannabis cultivation. So, where are cannabis businesses going to find these licensed applicators? Through the Nature-Cide network that we have been building since 2014.
Applicators who once were only working on commercial agriculture applications are now finding themselves protecting production and cannabis cultivation facilities all over the country. The Nature-Cide products are being used successfully in multiple states and being implemented by licensed pest control operators.
Temporary Cannabis business licenses are scheduled to be issued to California cannabis companies as of January 1, 2018. All new regulations on pesticides and what can be used on cannabis plants and facilities will then legally go into effect. As part of those regulations no company can apply pesticides and process cannabis goods without going through rigorous testing by state and county inspectors. We are anticipating a major shake up in regards to how cultivators and manufacturers are going to be forced to properly applicate approved pesticides throughout their cultivation production and facilities. The Nature-Cide team has been working around the clock to educate pest control operators to handle the rush of cultivation sites that are going to be forced to comply with these rigorous rules and regulations.
Our team at Med-X has been working on a video series that walks cultivators and applicators through a detailed step-by-step process that marries applicators and cultivators to be 100% compliant. This training video series could give cultivators and licenced applicators the tools necessary to avoid all of the pesticide problems that were recognized in Colorado, Oregon and Washington. As an approved product for use on Cannabis cultivations in Washington, Colorado, Oregon and Nevada we anticipate a surge in interest around our education and solutions.
We have worked hard during the past 10 years to get the Nature-Cide brand in this global positioning and we are seeing the results already on the Cannabis cultivation side.
Our published 18 month research report proves that growing world class medicinal grade Cannabis without using any chemical pesticides is not only doable but if done right, yields incredible results. Link to Report
California regulators already have some of the toughest agriculture regulations in the world. Adding Cannabis to the mix, we do not see them changing their ways, in fact we anticipate the added responsibility will only increase oversight. We anticipate a lot of changes coming to the California cannabis industry over the next two years as the market matures.
Med-X, Inc. and The Marijuana Times is hosting and sponsoring a regulatory seminar on October 30, 2017. The seminar will bring together over 70 members of the community including leadership from the Los Angeles County Fire Departments and leadership in the dispensary and extraction sectors to work through and discuss the codes and regulations the County is responsible for drafting. We are very grateful to have been selected to help educate and train the Los Angeles County Fire / Building and Safety Organizations to recognize how cultivation can be safe if done properly.
With over 65% of Los Angeles County and 1 million people residing in the unincorporated areas of the county, these building codes will impact all legal cannabis businesses in the county and safety regulations will impact all legal businesses in their jurisdiction.
Safety presentations and discussions will include:
Building codes for all manufacturing facilities, indoor and outdoor cultivation
Extraction facilities safety requirements
Water usage, runoff and proper pesticide application requirements
We look forward to continuing to facilitate and bridge the gap with our local leadership and law enforcement with the local leadership in the legal cannabis space who intend to do business in Los Angeles County the correct way.
The Marijuana Times continues to be a leading voice in the cannabis sector. In November the publication will be launching its first daily video news show. This will give our readers another way to consume daily content and stay up to speed on what is happening in the industry.
We hope that you found this update as inspiring as we do. Our focus and excitement has never been higher since we embarked on this journey in 2014. We pledge to continue to push for fair, safe access to medicinal Cannabis, give Cannabis companies the tools they require to operate in a safe, responsible manner as well as to educate the public on the truth of what this amazing plant can offer to all of us.
The securities offered hereby are highly speculative. Investing in shares of Med-X, Inc. involves significant risks. This investment is suitable only for persons who can afford to lose their entire investment. Furthermore, investors must understand that an investment could be illiquid for an indefinite period of time. No public market currently exists for the securities and if a public market develops following this offering it may not continue. You should read the offering circular before making any investment.
This email/letter may contain forward-looking statements regarding projected business performance, operating results, financial condition and other aspects of the company, expressed by such language as "expected," anticipated,"projected" and "forecasted." Please be advised that such statements are estimates only and there is no assurance that the results stated or implied by forward-looking statements will actually be realized by the company. Forward-looking statements may be based on management assumptions that prove to be wrong. The company and its business are subject to substantial risks and potential events beyond its control that would cause material differences between predicted results and actual results, including the company incurring operating losses and experiencing unexpected material adverse events. Please refer to the offering circular link.