Saks Global Files for Bankruptcy Protection Amid Mounting Luxury Retail Pressures 
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions 
Lynas CEO Amanda Lacaze to Retire After 12 Years as Rare Earths Demand Grows 
Coca-Cola Shelves Costa Coffee Sale After Low Private Equity Offers 
Alphabet Stock Poised for Growth as Bank of America Sees Strong AI Momentum Into 2026 
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities 
Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive 
Tesla, EEOC Move Toward Mediation in Racial Harassment Lawsuit 
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits 
Trump Administration Approves Nvidia H200 AI Chip Sales to China Under New Export Rules 
AbbVie Commits $100 Billion to U.S. Investment in Drug Pricing Deal With Trump Administration 
NYC Nurses Strike Shuts Down 10 Private Hospitals as 15,000 Demand Safer Staffing and Benefits 
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara 
Amazon Reviews Supplier Costs as U.S.–China Tariffs Ease 
Trump Pushes Tech Giants to Absorb AI Data Center Power Costs, Citing Microsoft Changes 
Nvidia Denies Upfront Payment Requirement for H200 AI Chips Amid China Export Scrutiny 
U.S. Government Invests $1 Billion in L3Harris Rocket Motor Business to Secure Missile Supply Chain 
Marina Del Rey, CA, April 04, 2017 -- Sunset Island Group, Inc. (OTCQB: SIGO) announced today that it secured a lease on a property approved for cannabis cultivation. The Company expects to begin planting the first light deprivation greenhouse by the end of April. As part of this, the Company has filed for permits for 22,000 square feet of green house space. Last week the Company’s space was inspected as part of the permitting process.
The 22,000 square feet of green house space is expected to be able to generate up to 4,000 pounds of medical cannabis per year. The price per pound is currently $1,000 to $1,750, which would equate to $4,000,000 to $7,000,000 annually. The Company’s initial April planting should be harvested in July/August 2017.
The consumption of marijuana for medical and recreational use could grow to a $35 billion market by 2020. That's according to GreenWave Advisors, an industry research firm that tracks retail sales in the four states and the District of Columbia that have already legalized it. Those markets have experienced explosive growth since marijuana was approved, demonstrating the strong opportunity for industry players and state governments eager to gather the tax on sales and replenish their coffers.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Contact: Sunset Island Group [email protected] (424) 239-6230
