Interactive Health Network -- Shareholder Update for the Company's Plans in the Health and Wellness Market
December 30, 2014 - Reno, NV
INTERACTIVE HEALTH NETWORK (OTC PINK: IGRW), a health company specializing in advances in Supplements for Health and Anti-Aging, today reaffirms that it remains strategically committed to executing in the legal cannabis market, is finalizing its Scientific Advisory Board to set future product strategy, and will initiate sales and marketing efforts for these products in the first half of 2015.
The Company continues to monitor and make strategic moves to leverage its knowledge and investment in the legal cannabis market. Fred Schiemann, CEO, states, "When Interactive Health Network entered into the legal cannabis market in the spring of 2014, the Company viewed it as a long term strategic business opportunity and fully expects cannabis/marijuana to be fully legalized in America."
There has been significant progress in the legal cannabis market recently. As announced last week, "Colorado will spend more than $8 million researching marijuana's medical potential -- a new frontier because government-funded marijuana research traditionally focuses on the drug's negative health effects. The grants awarded by the Colorado Board of Health will go to studies on whether marijuana helps treat epilepsy, brain tumors, Parkinson's disease and post-traumatic stress disorder. Some of the studies still need federal approval. Though the awards are relatively small, researchers say they're a big step forward. While several other federal studies currently in the works look at marijuana's health effects, all the Colorado studies are focused on whether marijuana actually helps. "This is the first time we've had government money to look at the efficacy of marijuana, not the harms of marijuana," said Dr. Suzanne Sisley, a Scottsdale, Arizona psychiatrist who will help run a study on marijuana for veterans with PTSD.
Additionally, as stated in our prior news release, States with legal hemp cultivation and medical marijuana programs just got historic support from Congress. Included in the federal spending bill were amendments that prohibit the Department of Justice from using Federal funds to go after state medical marijuana operations and also block the Drug Enforcement Administration from using Federal funds to interfere in state-legal industrial hemp research.
"The enactment of this legislation marked the first time in decades that the federal government has curtailed its oppressive prohibition of marijuana and has instead taken an approach to respect the many states that have permitted the use of medical marijuana to some degree," Rep. Dana Rohrabacher (R-Calif.), who in May introduced the medical marijuana protections amendment with co-sponsor Rep. Sam Farr (D-Calif.).
As previously stated, we believe there is huge long term potential and the momentum for full legalization of various cannabis products will continue in the near future. We believe that the Company is strategically positioned correctly to take the full benefit of this burgeoning and fast moving market.
"With the states passing changes in laws relating to the production and use of cannabis products and the fear of violating the laws on both the Federal and State levels being eliminated, we see vast opportunities in this market both on the production of the cannabis, the products being produced and the ancillary services that will be offered. The support of the Colorado funding and the expectation that other states and agencies will follow suit will open up opportunities opening for the development and marketing of cannabis products that will be legal for sale both in the United States and abroad. The Company success will be built on designing and creating cannabinoid products in the interim that are legal at the Federal level for clinical, cosmetic, health, alternative healing, herbal and other health needs while constantly monitoring and evolving its product and business strategy as law changes permit," stated Fred Scheimann, CEO.
During 2014, our major focus was to build an asset base to both capitalize on legal cannabis markets and the existing wellness product lines. To achieve the goal of having lead nutritional products, the Company added Dr. Vincent Lombardi as our Chief Scientific Officer in early 2014. We expect to complete our Scientific Advisory Board within the first quarter of 2015 and announce the focus of our new products and markets for the balance of 2015.
The Company business model, products and services are all be based around adding value to our business activities and value for our shareholders. We are fully committed to the legal cannabis market long term expect to leverage our assets to add value to the company. We have, and are acquiring, key relationships to realize these goals of having additional products and services offered to the market by the during the first half of 2015.
About Interactive Health Network:
Interactive Health Network is a publicly traded holdings company that manufactures, markets and sells high quality lifestyle products and nutraceuticals. We plan on extending and deepening our product lines to include other progressive market segments through acquisitions and organic growth of existing product lines. We operate under strict levels of quality and operate with the highest level of integrity in all of our businesses. Interactive Health Network is publically traded on the OTC market under the symbol IGRW. www.Interactivehealthnetwork.com
The Company specializes in advances in Supplements for Health, and Anti-Aging with a special interest in Preventative Medicine. The Company was formed to distribute nutraceutical formulas developed over thirty years of research by world renowned team of UCLA scientists. Wellnessbuilder scientists have created more than a dozen fucoidan-based formulas which are intended to address the needs of individuals suffering from DDS (Degenerative Disease Syndrome), which includes such maladies as gastrointestinal disorders, auto-immune diseases, asthma, Alzeimer's, dementia, diabetes, arthritis, cancer, and heart disease.www.wellnessbuilder.com
About Here We Grow Store:
HWGS is a leader in the Indoor Garden and Hydroponics Industry as a national retailer of horticulture equipment and growing supplies headquartered in Denver, Colorado. Specializing in e-commerce worldwide, the company's website www.herewegrowstore.com is a state of the art online retail store where you can purchase all the leading Nutrients, Growing Lights, and Air controllers necessary for indoor gardening. Here We Grow Store has exclusive Distributor pricing of high quality nutrients and grow lights that are distributed in the US and Worldwide. For more information please visit www.herewegrowstore.com
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.