LAS VEGAS, April 10, 2017 (GLOBE NEWSWIRE) -- THC Therapeutics (OTC:THCT) is a publicly traded health and healing cannabis company. We are excited to announce that we have accomplished the first step of our stated plans for the growth of THC Therapeutics. We are in the process of acquiring Go Float Yourself, a profitable health and wellness float spa. We expect to close by May 1st 2017. We accomplished this in less than 3 months as a publicly traded company! This will be the first of MANY planned acquisitions in the health and healing space.
We have hired Spa Advisors Inc. to facilitate the renovation of this one of a kind Health and Healing Spa. Kathryn Moroz, the owner of Spa Advisors, brings nearly 20 years of experience in the spa industry. She has worked on multiple projects in Las Vegas such as the Canyon Ranch SpaClub, The Mandara Spa, Elemis Spa and many others. Kathryn will also be helping in the development of an exclusive line of retail products to feature in the spa. This will be the first of many planned projects in which Spa Advisors will be working with THC Therapeutics.
Spa Advisors Inc. - http://spaadvisors.com/
The highlight of this acquisition is the established location. It’s located next door to a luxury movie theater that had a $3 million dollar renovation in 2013. Because of the proximity to the movie theater, all foot traffic will be exposed to our wellness spa. The location is prime for catering to local patrons and tourists. Our spa is two blocks away from a medical Marijuana Dispensary. We are located 7 miles from the Las Vegas strip.
We believe our planned renovations will significantly increase the revenue generated by this wellness spa. As part of our improvement strategy, we plan to implement a complete renovation and doubling the square footage by expanding into the neighboring unit. The combined square footage will be 3,200 sq. ft. We are changing the spa name, creating our own unique company owned spa brand and developing a marketing strategy with infrastructure to meet our goal of significantly increased profit. We are making this a model spa for our future acquisitions and build outs in the wellness spa industry.
In addition to Flotation therapy, we plan to expand the services currently offered to include a Kombucha bar, Kava bar, and Oxygen Aromatherapy bar, high end teas, relaxation lounge room, Hydro massage and Wellness Coaching offices. We will have the only spa offering a Kombucha and Kava bar in all of the Las Vegas area. We are currently in discussions with multiple physicians to oversee the medical side of THC Therapeutics. We will be hiring a Medical Director and a board of medical advisors, each will come with their own unique background to provide THC Therapeutics with their expertise. We plan on offering Vitamin IV therapy and hiring a nurse. With our team of doctors, we will look into offering other therapies, medial and non medical that can help people with depression, anxiety and pain relief.
Dr. John C. Lilly, the inventor of flotation therapy began a job studying neurophysiology at the N.I.M.H. in 1954, with the desire of isolating a brain from external stimulation, he devised the first isolation tank, a dark soundproof tank of warm salt water in which subjects could float for long periods in sensory isolation. There is a lot of information available on flotation therapy, we’ll provide links here for further study.
Time magazine article on flotation therapy - http://time.com/floating/
Discover Magazine article on flotation therapy - http://ow.ly/NWGU30azp8X
Men's Journal article on flotation therapy - http://ow.ly/pXLk30azpg9
As of two months ago we’ve enlisted the services of Ryan McCullough with Marcus & Millichap to find us a permanent location for our headquarters here in Las Vegas. Ryan specializes in commercial real estate sales and investments. With Ryan’s help we will be looking for an office space to purchase. Purchasing an office will be better for our company and shareholders than a lease.
We will release additional information on the float spa in a press release shortly after closing.
Comments from the CEO Brandon Romanek “I am excited to close on our very first acquisition for THC Therapeutics. We’re taking over a space that has a tremendous amount of upside. By the current owners taking stock as a good part of this acquisition shows great amount confidence in our company, especially after being publicly traded for less than 3 months. This deal represents THC Therapeutics ability to acquire other entities using our stock. I’d like to restate - We will continue to aggressively pursue mergers and acquisitions that bring revenue and shareholder value to our company in the health and healing space. We plan to establish as many as 50 spas or more in the next 5 years. We will soon be the only publicly traded spa that one can invest in. The best thing about this deal is the location, what better place to have a health and wellness facility than right next door to a luxury movie theater. I personally have a three year working relationship with Kathryn Moroz, She’s the foremost expert in the spa industry and I couldn’t be more pleased to have her be a part of the THC Therapeutics team. We will be implementing state of the art technology into the spa infrastructure and user experience.”
Romanek Continues “With the dHydronator® our proprietary patent pending cannabis/herb dryer with SanitiZen® technology and our latest acquisition, we have solidified the path to establishing a powerhouse health and healing company.” I look forward to helping people enhance their quality of life. This company that we’re building is bigger than just my interests, we have the opportunity to help a lot of people. As the Founder and CEO of THC Therapeutics, my only interest is providing the tools to enhance one's quality of life. There is no publicly traded company like ours, and we will only do that which can help people with their health - mentally, physically and spiritually. I would like to thank our investors and employees for believing in my vision, I look forward to an amazing future for our company.
About THC Therapeutics:
THC Therapeutics is a forward-thinking publicly traded health and healing company in the cannabis industry that has “Better Health through the Science of Nature” as their mission statement. The company is dedicated to innovating new methods and refining current industry standards in the cannabis market. THC Therapeutics plans for future growth include cultivation, dispensing, extractions, edibles, personal wellness centers and flotation therapy. For more information, visit THCTherapeutics.com.
Forward-Looking Statements Disclosure:
This press release may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates,” “beliefs,” “estimates,” “expects,” “intends,” ” plans,” “seeks,” “will,” and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
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