MOORESVILLE, NC--(Marketwired - Apr 21, 2015) - JunkieDog.com, Inc. (OTC PINK: JKDG) ("The Company"), an online e-commerce marketplace that specializes in manufacturing, product sourcing and global distribution of various products ranging from consumer electronics to department store merchandise, is pleased to announce its expansion into the cannabis industry with a new line of indoor growing equipment specialized for the growth of marijuana plants.
In 2014, the cannabis industry expanded 74% to reach $2.7 billion, making it the fastest growing industry in the United States according to a report by ArcView Market Research. Last year the industry saw 19 states voting on new cannabis regulations varying from legal adult use to limited distribution of cannabidiol products. The first time adult use sales in Colorado and Washington represented $230 million in new sales alone. ArcView expects the market to grow another $252 million in 2015 and projects another 14 states to pass the adult use legislation by 2020 making this market one of the most explosive new industries in the country.
JunkieDog.com has established an ongoing partnership with an overseas factory that manufactures various indoor growing equipment under JunkieDog.com specifications. The inventory includes grow tents, light fixtures and bulbs, fans, filters, racks, thermometers and more directed toward hydroponic cannabis production. The Company recently received its first shipment of these products and is in the process of introducing the new line to the market through a new online sales channel that will be unveiled in the coming months.
"The cannabis market saw over 1.5 million purchasers last year and continues to grow. Developing equipment for this large audience was an obvious next step for us," stated Roberto Luciano, CEO of JunkieDog.com, "We are very proud of our inventory designed for hydroponic cannabis production and believe that expanding sales within this rapidly growing industry will bring a lot of opportunity and value to the Company."
About JunkieDog.com, Inc.
JunkieDog.com (JKDG) is an online e-commerce marketplace that specializes in manufacturing, product sourcing and global distribution of a wide variety of products ranging from women's shoes, Hanes products, pet carriers, exercise pens, hydroponic supplies, heat presses, paper supplies and more. JunkieDog.com has relationships and working agreements in North America and abroad which include manufacturers and major big box retailers that allow JunkieDog.com to have a strong advantage over competitors. JunkieDog.com distributes products through multiple channels including, but not limited to retail e-commerce as well as whole and bulk sales of liquidated merchandise.
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Forward-Looking Statements
This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding the outlook of the Company's business and results of operations. By nature, these risks and uncertainties could cause actual results to differ materially from those indicated. Generally speaking, any statements using terms such as "will," "expect," "anticipate," or "may," or which otherwise predict or address future results or events, are likely to contain forward-looking statements. It is important to note that actual results may differ materially from what is indicated in any forward-looking statement. Readers should consider any forward-looking statements in light of factors that could cause actual results to vary. These factors are described in our filings with the SEC, and readers should refer to those filings, including Risk Factors described in those filings, in connection with any forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.