Drake Gold Resources Inc. (DKGR:OTC) is pleased to announce the formation of a new subsidiary focusing on the exciting area of the hydroponic growing of Medical Marijuana in which it will grow, harvest and develop CBD’S (Cannabidiol). It is reported that CBD’s have distinct immune system benefits. Our newly-formed subsidiary will participate in a joint venture with The Now Corporation www.thenowcorporation.net (NWPN:OTC) to develop a position in this promising industry. Drake Gold has started negotiations with NOW and is expected to have a complete signed contract within the next thirty days defining the entire joint venture going forward.
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise