DALLAS, Texas, Jan. 23, 2018 (GLOBE NEWSWIRE) — Bayport International Holdings, Inc. (OTC Pink: BAYP) is pleased to announce that its sales purchase agreement with 420skybnb.com has officially begun closing and is expected to be fully-executed within the next ten days. This will allow Bayport to have a minority interest within the cannabis tourism technology platform, further diversifying the company’s cannabis technology ecosystem.
Once the 420skybnb purchase agreement is fully-executed, Bayport International will have three cannabis technology platforms:
On January 22, 2018, Vermont officially became the ninth US State to have legalized recreational cannabis use for adults. Vermont Governor Phil Scott signed the bill into law, which will take effect on July 1, 2018. Under the new laws, adults will be allowed to possess up to 1 ounce of cannabis, two mature and four immature plants. Vermont becomes the first state to legalize recreational cannabis through the legislature.
As the recreational cannabis market continues to expand in 2018, cannabis tourism is expected to surge as a result. This shows that 420skybnb is in a very high-growth sub-segment of the cannabis industry, which still remains in its very early stages.
About Bayport International Holdings, Inc. (OTC PINK: BAYP):
Bayport International Holdings, Inc. (OTC Pink: BAYP) is a holding company active within the cannabis technology industry. Through its Weedwiser.com and Ecannago.com digital platforms, the company seeks to be a leader in the emerging cannabis technology industry. Furthermore, the company is currently evaluating acquisitions within the industry. Learn more about the company by visiting http://www.weedwiser.com, www.ecannago.com and www.baypcanna.com.
This release contains statements that constitute 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. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Bayport International Holdings, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Bayport International Holding’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Bayport International Holding’s filings with the Securities and Exchange Commission.
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