Denver, Colorado (PRWEB) May 15, 2014
Lingas Ventures, Inc. (OTCQB: LGSR) announced today that the company is now known as "Cannabis Kinetics Corp." to better reflect the business plan of the company. The new trading symbol of the company, "CANK", will take effect in 20 business days.
FINRA also confirmed that the 1 for 10 reverse stock split will be effective as of today, May 15th. The stock split will reduce the number of shares issued and outstanding to 29,005,700.
About Lingas Ventures, Inc.:
As a result of the recent change in control, management of the Company will continue to focus on various opportunities in the Colorado cannabis market in the management of recreational and medical marijuana dispensary facilities, the management of grow facilities and the management of the wholesaling for the latter as well as the production and distribution of hemp and marijuana infused beverages and ancillary products. It is anticipated that this model will expand to other states as management envisions that other states will be joining Colorado in the trend to a more friendly legal marijuana status. Please go to sec.gov for information about the Company.
Please watch for additional Press Releases in the future including the official launch of our new website located at CannabisKinetics.com.
This release and the materials referred to herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of CANK. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties inherent herein and in publically available information on CANK. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Eric Hagen, CEO and President