PLEASANT HILL, Calif.–(BUSINESS WIRE)–Textmunication Holdings, Inc. (OTCBB: TXHD) (“the Company”), a cloud-based communication technology holding company, announced today that it plans to change its business direction from its current SMS technology business to focus entirely on the emerging national cannabis market.
Sales of legal cannabis in the U.S. amounted to nearly $10 billion in 2018 and are forecasted by Grand View Research to reach $55 billion by 2025. The Company plans to acquire assets and existing businesses in the cannabis space that will allow the Company to build a brand focused, seed-to-sale, vertically-integrated organization centered around the “wellness lifestyle,” and offer to consumers a family of trusted products that address both the fast growing cannabis market as well as the $4.2 trillion dollar wellness market (Global Wellness Institute). In the coming days and weeks, the Company plans to provide more details concerning the disposition of its SMS
Article source: https://www.businesswire.com/news/home/20190625005125/en/Textmunication-Announces-Transition-Cannabis-Holding-Company
Recent Comments