Post by
falc on Apr 02, 2014 2:58pm
the news
DALLAS, TEXAS, Apr 02, 2014 (Marketwired via COMTEX) -- Rango Energy, Inc. (the "Company") announced today that it will change its name to Verde Science, Inc. The name change represents a change in the Company's focus to the licensed medical marijuana business sector. Commented Rango CEO Harp Sangha, "The medical marijuana industry is expected to experience massive growth over the next decade. The growing legislative and cultural momentum has been the key driving force in creating the tipping point for this industry to expand exponentially. Our board was presented with an opportunity to enter the market by teaming up with the top biopharmaceutical experts to help produce a continual supply of the highest quality product to meet unmet market demands in Southern California and eventually all markets that have legalized medicinal use of these products." Sangha continued, "We are teaming with established pioneers in the industry that believe strongly in the necessity to implement strict security, quality control, and measures to ensure compliance with all local and regional laws and regulations. We are close to concluding negotiations with established industry leading manufacturers and scientific experts and we will be able to provide shareholders with an update in the near future. Based on the relationships that we have developed and the transactions that are in process, our Board felt it was in the best interest of all shareholders to focus the entirety of our attention and capital resources on maximizing the opportunity to be a significant participant in a rapidly growing marketplace. We look forward to sharing our progress with our shareholders in the near future." About Rango Energy, soon to be Verde Science, Inc. The Company has identified, developed relationships with and is working to acquire leading manufacturing and research and development experts in the burgeoning medical marijuana industry. The Company is focused on developing the highest quality, greatest yield medicinal marijuana as well as support leading research and development to continually provide clients with a superior, branded line of medical marijuana products.