LAS VEGAS, Nov. 28, 2018 /PRNewswire-PRWeb/ -- UMAX Group Corp. (Pink Sheets:UMAX) – UMAX announced last week the execution of agreements whereby Kathryn Gavin will become the controlling shareholder of the Company, and the subsequent naming of Ms. Gavin as its new Chief Executive Officer. This
Upon closing, UMAX plans on bringing on additional management and starting the process of changing the business direction of the Company. UMAX plans on locating and acquiring assets in the Cannabidiol (commonly referred to as CBD) industry. As stated by our new CEO, Kathryn Gavin,…"UMAX will be looking for opportunities from brown earth to the blue-sky with regards to the processing, development, and sale of legal, non-psychoactive Cannabidiol products to the public. We plan on investigating opportunities from the initial harvesting and processing of hemp biomass to the development and/or acquisition of Cannabidiol product lines by means of prospective acquisitions. It is our eventual goal to become an industrial scale producer of THC-free full spectrum Cannabidiol oil, broad spectrum Cannabidiol Isolate, and water-soluble Cannabidiol. It is important to note that our Cannabidiol will be derived solely from the American-grown industrial hemp plant.
UMAX would like to point out that the use of Cannabidiol oil is very new, and there are still significant gaps in what is known about the effects of its use. While we can confidently say the substance is safe and legal, its exact benefits are still an issue of hot debate and growing research.
According to a 2013 review published in the British Journal of Clinical Pharmacology, studies have found Cannabidiol to possess the following medical properties: antiemetic, reduces nausea and vomiting, anticonvulsant, suppresses seizure activity, antipsychotic, combats psychosis disorders, anti-inflammatory, combats inflammatory diseases, anti-oxidant, combats neurodegenerative disorders, anxiolytic/anti-depressant, and combats anxiety and depression disorders, as well as many other potential health benefits.
It is important to note that most of the evidence as to its medical potential listed above comes from studies done on animals as relatively few studies of the medical benefits of Cannabidiol have been carried out on human subjects to date. Other research has shown that it may have anti-inflammatory and anti-cancer properties, including the support of mitochondrial function at the cellular level. Research into the medical efficacy of Cannabidiol is growing at a record pace.
About UMAX Group Corp.
UMAX GROUP CORP. (the UMAX or the Company) is a development-stage company that will have a business focus to acquire and/or develop businesses in the Cannabidiol industry through potential acquisition transactions. Cannabidiol is made from the roots and stems of the Hemp plant. Cannabidiol yields none of the psychoactive compound THC (tetrahydrocannabinol) that marijuana contains. Sometimes called the "ultimate preventative medicine," "the miracle herb," and even referred to as "the forbidden medicine," Cannabidiol may become a medical wonder. Since 2012 (Sales of $108M USD), product sales containing Cannabidiol formulations have grown yearly. It is expected that by the close of the 2018 calendar year, Cannabidiol product sales will reach $500M and will break $1.1 Billion USD by 2020.
Forward Looking Statement
Certain statements that we make may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as believes, expects, anticipates, intends, plans, estimates, projects, forecasts, and future or conditional verbs such as will, may, could, should, and would, as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the Securities and Exchange Commission from time to time, including our most recent Annual Report and subsequent Flings, which are available on Otcmarkets.com. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events or otherwise.
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UMAX Group Corp. Las Vegas, NV 89128
Ian Dixon, President (702) 628-0211
SOURCE UMAX Group Corp
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