HENDERSON, Nev., Nov. 29, 2016 (GLOBE NEWSWIRE) -- U.S. Lithium Corp. (OTC:LITH) (the "Company") is pleased to announce the highly anticipated relaunching of the iWeedz platform. The Company had spent several years building the most advanced and most comprehensive delivery platform for the U.S. and Canada and now with the favorable new legislations around North America we believe we are well ahead of any other platform and the proof is by the large interest we are receiving.
The iWeedz.com search engine is a cannabis information resource that connects consumers with vendors or likeminded individuals. iWeedz streamlines the process of finding the right strains and products for your ailments comfortably, fast and simple. Whether you're new to cannabis, a medical marijuana patient, or simply a recreational consumer, iWeedz is the perfect destination. iWeedz.com for vendors will be a cloud based solution to manage inventory, post daily deals, attract new customer with proximity marketing via mobile phones, engage with customers via email and text messaging and offer payment processing. The Company will operate its technology platform through its soon relaunched Website located at www.iWeedz.com, and through its mobile application for Apple iPhone operating system (iOS) and Android operating systems.
The move to revitalize the iWeedz platform comes at a time when Shoppers Drug Mart, Canada's largest pharmacy chain, has formally applied to be a distributor of medical marijuana. With more than 1,200 locations across Canada including Pharmaprix in Quebec, Shoppers is the largest pharmacy chain in the country. According to the latest government data, just in Canada alone more than 75,000 Canadians had valid prescriptions for medical marijuana at the end of June — a figure that has tripled in the past year — and they had purchased a total of more than 4,000 kilograms of dried marijuana in the previous three months. That works out to a little less than a gram of pot per day, per person. Furthermore, in recent elections numerous states in the United States, including California, have approved to legalized marijuana.
Greg Rotelli, Chief Executive Officer of U.S. Lithium, commented “We spent several years developing the iWeedz platform. We are exploring ways of streamlining the marijuana industry for both consumers and vendors by providing cutting edge scalable solutions that remain easy to use. In researching various opportunities, it was important for us to look at opportunities that were scalable and trendy. With the Green Rush trend, we felt that we could not ignore the interest by the investment community; we felt iWeedz was the right move as it is scalable and can solve a lot of problems consumers and vendors in marijuana commerce are experiencing. As a Company, we feel there is tremendous opportunity for our investors with this diversified approach especially with various upcoming state legislations looking to legalize marijuana.”
About U.S. Lithium Corporation
U.S. Lithium Corporation is an exploration and development company focused in North America on lithium and related resources for the rapidly growing energy storage industry. The Company looks to capitalize on opportunities within the lithium sector including providing lithium to the ever expanding next generation battery market. Lithium demand is projected to triple by the year 2025 according to a recent report by Goldman Sachs and for many analysts is considered the new gasoline of the future. As the demand for lithium expands, U.S. Lithium Corp intends to be an integral part of this next booming industry. Our current focus is in the Basin and Range province of Nevada where the only producing lithium brine mine in North America, Albemarle’s Silver Peak Project, is located. Elon, our first project, is located in Clayton Valley and is in close proximity to Silver Peak and several other active explorers and developers. Additionally, the Company has previously developed the iWeedz platform that connects consumers with vendors in the cannabis industry.
Forward-looking Statements:
Some of the statements contained in this press release are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, including the risks and uncertainties related to the progress, timing, cost, and results of technology programs; competition from other companies; and the Company's ability to obtain additional funding required to conduct its activities. Please refer to the company's filings with the Securities and Exchange Commission for a comprehensive list of risk factors that could cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in such forward looking statements. The Company undertakes no obligation to update or revise any forward-looking statements.