LAKE COUNTY, CA–(Marketwire – May 26, 2010) – Preachers Coffee, Inc. (PINKSHEETS: PCIO) changed its name with the State of Colorado to MARIJUANA, INC (http://www.marijuana-incorporated.com) and submitted to FINRA for a new trading symbol. The decision by the board and a majority of the stockholders included Bruce Perlowin taking over the company’s leadership. Marijuana Inc has already entered into an agreement to own an 80 Acres “420” Golf Resort through a Subsidiary Company to be formed and named National Canna Corp. Marijuana Inc is still in the business of selling the Preachers Coffee brand (and the acquisition includes an operating coffee shop in Lake County, California) and separately, other merchandising rights licensed to Marijuana Inc by Medical Marijuana, Inc. Marijuana, Inc is one of the first to become a part of The Hemp Network.
Bruce Perlowin stated: “With the pending vote in November in California for Marijuana to be legalized recreationally, the counties in the Emerald Triangle of Northern California as featured in the CNBC documentary, ‘Marijuana, Inc’ are greatly concerned regarding the impact on their major cash crop. Emergency meetings have been held in this region to discuss their economic future. The consensus of opinion is to create ‘420’ friendly resorts similar to the vineyards and wineries in Sonoma and Napa counties. Michael Lawrence, the founder National Canna Corp, a visionary that realized this trend more than 1 year ago began developing a ‘420’ golf course, and lake front resorts, now as a division of Marijuana, Inc. Marijuana, Inc intends to be the dominant developer, spearheading a variety of 420 resorts in Humboldt, Mendocino, Lake, Sonoma and Trinity counties. These 420 resorts will include cannabis gardens with hundreds of different strains, accommodations, restaurants, tours of the local areas, including legal cultivation models and 420 educational programs, with other traditional tourist attractions and events.” Updates on the activities can be seen at Twitter — http://www.twitter.com/marijuanainc — mostly followed by members and associates of The Hemp Network.
Statements in this release that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially.