DALLAS, TX, Dec. 26, 2017 (GLOBE NEWSWIRE) — Bayport International Holdings, Inc. (OTC Pink: BAYP) is pleased to announce that it has engaged CaliPharms, Inc. (OTC Pink: KGET) as a consultant to assist with building a CBD section for Weedwiser.com’s e-commerce platform.
CaliPharms, Inc. has vast knowledge of the cannabis industry and will help guide Bayport in gaining further insights into the emerging sector. The consulting agreement is an important step for Bayport’s development of the Weedwiser e-commerce platform, as the company looks to list only reputable and high-quality products.
The CBD market is a multi-billion dollar market that is still in the early stages of growth. According to the Hemp Business Journal, the CBD market is forecast to be a $2.1 billion market by 2020. Greenwave Advisors’ Matt Karnes, forecasts the CBD market to reach $3 billion by 2021.
Through partnering with high-quality CBD extraction and distribution companies, management believes this will help deliver shareholder value and give its cannabis technology platforms an even greater ability to generate revenues.
Currently, Bayport International Holdings, Inc. has three major developments in progress:
- Development of a secondary cannabis technology platform to complement Weedwiser and expand its digital ecosystem
- The Weedwiser e-commerce platform and online store that will have up to 15,000 products (apparel, clothing, accessories, CBD products, etc.) by the end of Q1 2018
- Looking into enabling cryptocurrency payments, as well as traditional merchant payment capabilities, for the Weedwiser e-commerce platform
The company is in a great position heading into 2018. The team at Bayport would like to wish everyone a Merry Christmas, Happy Holidays, and Happy New Year!
About Bayport International Holdings, Inc. (OTC PINK: BAYP)
Bayport International Holdings, Inc. is a holding company active within the cannabis technology industry. Through its Weedwiser.com digital platform, 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 and http://www.bayportholdings.com.
About CaliPharms, Inc.
CaliPharms Inc., trading under the symbol (KGET), which trades under its former name Kleangas Energy Technologies, Inc., is a medical marijuana-cannabis business. The Company currently is focused within the medical marijuana-cannabis industry. The company intends to expand into other sectors that support the legalized cannabis industry. The company intends to expand its operations as the laws for each individual State change and allow.
Safe Harbor
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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