LOS ANGELES, CA / ACCESSWIRE / June 1, 2016 / Notis Global Inc. (NGBL) a pioneer in the worldwide hemp and CBD oil (cannabidiol) industry specializing in cultivation, production and consulting, today announced that the Company's Chairman of the Board, Ambassador Ned L. Siegel., U.S. Ambassador to the Commonwealth of the Bahamas (Ret.), will be a keynote speaker at the Viridian Cannabis Investment Conference in Ft. Lauderdale, Florida at the Westin Fort Lauderdale Hotel on June 8, 2016.
Ambassador Siegel has been a significant guiding influence to Notis Global and effective Board Chairman helping the Company achieve its goals through planning, direction and working with the government and potential Company partners in Europe and Israel.
At the Viridian Conference, Ambassador Siegel will address the opportunities in the hemp derived cannabinoid (CBD) market, the importance of defining and branding the products for a new generation of consumers, and the prospects of guiding politicians and regulators toward a more sophisticated legal approach.
"I am excited to participate as a keynote speaker at the Viridian Cannabis Investment Conference," said Ambassador Siegel. "The hemp and CBD industries are among the fastest growing industries in the world, but there are risks and challenges that are specific to these sectors. I look forward to sharing my thoughts with the conference attendees."
This third installment of the Viridian Cannabis Investment Series, entitled Investing in the Emerging Cannabis Industry While Managing Risk explores the opportunities and risks in this growing multi-billion-dollar industry, and feature presentations and networking sessions with leading executives, investors, scientists, and thought leaders in the industry.
Ambassador Siegel was appointed by then President George W. Bush, as the U.S. Ambassador to the Commonwealth of the Bahamas from October 2007 to January 2009. He was also appointed by President Bush to serve under Ambassador John R. Bolton at the United Nations in New York, serving as the Senior Advisor to the U.S. Mission and as the United States representative to the 61st Session of the United Nations General Assembly. Prior to his Ambassadorship, he was appointed to the Board of Directors of the Overseas Private Investment Corporation (OPIC). Presently, he is Chairman of the Board and CEO of The Siegel Group, a multi-disciplined international business management advisory firm located in Boca Raton, Florida, specializing in infrastructure, real estate, ports, energy, utilities, technology and financial services. Ambassador Siegel has four decades of experience as a real estate developer and entrepreneur.
About Notis Global
Based in Los Angeles, Notis Global is a pioneer in the burgeoning, multi-billion dollar legal hemp industry. The Company and its partners are working to grow confidence and generate revenues in the hemp industry.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "aim", "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend," "goal," "strive," or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), and including not limited to Risk Factors relating reflected in the Company's Annual Report on Form 10-K filed with the Commission on April 13, 2016. Thus, actual results could be materially different. We advise you review our Annual Report and the Risk Factors set forth therein. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. Our audited financial statements for the year ended December 31, 2015, were prepared under the assumption that we would continue our operations as a going concern. Our independent registered public accounting firm has included a "going concern" explanatory paragraph in its report on our financial statements for the year ended December 31, 2015, indicating that we have sustained substantial losses from continuing operations and have used, rather than provided, cash in our continuing operations, and that these factors raise substantial doubt about our ability to continue as a going concern.
Continued operations and our ability to continue as a going concern are dependent on our ability to obtain additional funding in the near future and thereafter, and there are no assurances that such funding will be available at all or will be available in sufficient amounts or on reasonable terms. Our financial statements do not include any adjustments that may result from the outcome of this uncertainty. Uncertainty concerning our ability to continue as a going concern may hinder our ability to obtain future financing. Without additional funds from generation of revenues through execution of our business plan, debt or equity financings, sales of assets, or other transactions, we will exhaust our resources and will be unable to continue operations. If we cannot continue as a viable entity, our stockholders would likely lose most or all of their investment in us. See Liquidity and Capital Resources under Item 7. Management's Discussion and Analysis in our Annual Report on Form 10-K for further information regarding the Company's efforts to secure liquidity and future cash flows. The Company has granted to an investor a lien against its equity interests in EWSD and its other assets as security for repayment of a note in the amount of approximately $225,000 and retains the right to pledge all or any part of its real or personal property to secure Company's indebtedness in its sole discretion. If the Company is unable to meet the obligation that gave rise to this lien or to future liens on such stock and assets, it may default on such obligation or on future obligations and its lenders could foreclose upon, or cause the sale of, the Company's ownership of EWSD.
Released June 1, 2016