MIAMI, March 23, 2017 /PRNewswire/ —
ML Capital Group, Inc. (MLCG) today announced that the recently launched Platinum High Life is commencing an “Invested Experience” program that will give potential institutional investors an opportunity to experience the luxury cannabis tourism company’s tours first-hand. The inaugural tour will see 10 investors enjoy an all-expenses paid journey to Jamaica, including first-class travel, 5-star accommodations, fine dining and exclusive access to prestigious cannabis plantations products.
This program, which will see multiple investor groups traveling like Platinum High Life guests do, will illustrate the potential for success through tourism in the burgeoning $6.7 billion global cannabis market. They will also be able to use custom mobile applications developed for Platinum High Life. This unique approach is inspired by similar, and highly successful programs in the wine and whisky tourism markets.
Platinum High Life is strategic evolution of two 2016 investments made my MLCG, specifically the acquisition of the Platinum tours of Maui, a luxury tour operator that has realized a 25% increase in first-quarter revenue over 2016, following on an equally impressive 29% increase from 2015 to 2016, and Colorado Highlife Tours, a cannabis tourism operator that The Company acquired a 25% interest in.
Platinum High Life Tours will serve the discerning cannabis tourist, with custom itineraries around the world, 5-star accommodations, fine-dining and more. The company will soon announce its first bespoke tour in Jamaica, which will include exclusive plantation tours and cannabis dining experiences in the global home of cannabis culture.
MLCG $1 Million 2017 Sales Forecast
MLCG recently released a preliminary $1 million 2017 sales forecast based on the Company’s fourth quarter record sales and nearly $400,000 in historical annual revenue earned prior to its record fourth quarter sales. Given the existing revenue, the launch of Platinum High Life Tours, and ongoing business momentum that Colorado Highlife Tours brings to MLCG, the management anticipates revising the 2017 revenue forecast upwards after the close of the first fiscal quarter.
Currently the Cannabis industry is estimated to be over $6.7 Billion and sales are projected to exceed $20 billion by 2020
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.