Cannagistics, Inc. (OTCBB Markets “CNGT”) (the “Company” or
“Cannagistics”), announces the completion, as of May 17, 2019, of the
change of the corporate name from Precious Investments, Inc., to
Cannagistics, Inc. FINRA assigned a new stock symbol, that being: “CNGT”
to the Company.
Cannagistics currently operates of Global3pl, Inc., (formerly known as
KRG Logistics, Inc.) which is a third-party logistics provider,
providing inventory management, transport, International Freight
Forwarding, and Customs House Brokerage, in addition to “Just In Time”
inventory management, forward and reverse last mile delivery, plus all
modes of ground, air and ocean freight.
Cannagistics is also positioning itself to be a Canadian based
cannabis-related logistics company aimed at streamlining the fragmented
cannabis marketplace. We will be the first Canadian company to obtain
our own bonded warehouse license for cannabis, -- and are currently
developing the most robust supply chain technology platform specifically
for the cannabis industry. The complete supply chain management of the
emerging cannabis extract product industry, including
blockchain-verified compliance and documentation, ISO certified purity
testing, and (through Global3pl), inventory, transport and international
clearances.
We are also pleased to announce that Prof. Peter J. Murphy has joined as
Chairman of the Board of Directors and CEO. Mr. Murphy has an MBA
(University of Toronto); served as Trade Ambassador for the Province of
Ontario in the State of Georgia, and surrounding states (USA), with an
extensive background in operations management and marketing. He also
serves as Vice –Chair of the Board of Governors of NWC [as part of a
major European University along with Global leaders in Government,
Industry and Medicine].
Mr. Murphy, Chairman and CEO of the Company stated, “While many others
are jumping into the cannabis pool and hoping they can swim, we’ve
assembled a knowledgeable team of professionals in the four most vital
areas of serving raw growers and post-extracted products: logistics,
compliance, cannabis testing. and technology. We’re confident that this
combination of knowledge, extended services -- consolidated and managed
through our proprietary information technology platform --, will
position Cannagistics Inc. as the go-to supply chain source for Hemp,
CBD, and other cannabis-related products and services”
Mr. Zimbler has stepped down as CEO with the appointment of Mr. Murphy
as Chairman and CEO but remains as Executive-Vice President and COO of
Cannagistics and will continue to be President of Global3pl, the
subsidiary operation.
The company has the following websites:
www.cannagistics.io
www.global3pl.io
FORWARD LOOKING STATEMENTS
The information contained herein includes forward-looking statements.
These statements relate to future events or to our future financial
performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place undue
reliance on forward-looking statements since they involve known and
unknown risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements. Any
forward-looking statement reflects our current views with respect to
future events and is subject to these and other risks, uncertainties and
assumptions relating to our operations, results of operations, growth
strategy and liquidity. We assume no obligation to publicly update or
revise these forward-looking statements for any reason, or to update the
reasons actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190523005740/en/
Copyright Business Wire 2019