MONUMENT, Colo., May 02, 2019 (GLOBE NEWSWIRE) -- Illustrato Pictures International, Inc. (to be renamed Red Creek Diversified Holdings Corporation) (OTCPK:ILUS) announced today a Letter of Intent with CWD to work together to invest in existing operations of CWD in Colorado, with ground floor opportunities in Oregon and other licensed approved states to develop additional facilities based on the assets and products that have been developed by CWD.
The LOI will allow ILUS to provide personnel and resources for ILUS and its investment partners to evaluate the market for the products developed by CWD at the proposed facility location and other locations where licenses are in place or can be obtained. We believe that our investments should focus on proven products, proven services, and key locations to serve the customer base. We believe in the real estate mantra (Location, Location, Location). Our acquisition strategy is to invest in facilities that have valuable real estate evaluations and market windows as the underpinnings of the investment.
ILUS (Red Creek Diversified Holdings Corporation) will concentrate efforts in the Cannabis business properties and brands in the manufacturing infused products, cultivation, dispensaries, and health and wellness products and seek acquisitions in similar companies. CWD is ideal as to our strategic partner expansion with professional experience in manufacturing of edibles to contribute to our overall roll up strategic plan of expansion in multiple States.
Larson Elmore, CEO of ILUS, stated, “We are pleased to announce the acquisition of CWD. CWD offers a variety of CO2 oil cannabis infused edibles such as Hard and Soft Candies, Teas, Capsules, Vaporizer Products, and Concentrates.”
Mr. Elmore continued, “We feel now is the perfect time to launch our public entity, with CBD becoming a recommended treatment for a variety of ailments. The total CBD market is expected to reach $22 billion by 2022. The U.S. Farm Bill, legalized hemp-derived CBD in all 50 states and should speed the industry's growth.”
To learn more about CWD, please visit: www.cwdmeds.com
About ILUS (to be renamed Red Creek Diversified Holding Corporation):
The purpose of ILUS is to acquire, align or consolidate with on-going revenue producing companies and real estate assets geared toward the Cannabis industry. The Company will focus on cultivation, distribution, and health and wellness and will focus on acquiring companies that have a proven track record in the industry. For more information regarding ILUS, please view www,redcreekreserve.com which will be updated with information as the strategic plan is executed.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.
Contact:
Investor Relations:
Jack Eversull, President
The Eversull Group, Inc.
972-571-1624
jack@theeversullgroup.com