Verde Science, Inc., Formerly Rango Energy, to Enter Medical Marijuana Sector
03 Avril 2014 - 4:18PM
Rango Energy, Inc. (OTCBB:RAGO) (the "Company") announced today
that it would effect a name change to Verde Science, Inc., in order
to facilitate the Company's transition to providing legal licensed
medical marijuana production and services.
Verde is partnering with established companies and individuals
in the industry who share the Company's view for the necessity to
implement strict security, quality control, and measures to ensure
compliance with all local and regional laws and regulations.
"The medical marijuana industry will undoubtedly experience
compelling growth over the next decade and beyond," said Rango CEO
Harp Sangha. "The growing legislative and social momentum has been
the key reason for the rapid expansion and corporate interest
already seen. Our Company was presented with a significant
opportunity to participate by teaming up with top biopharmaceutical
experts to help produce a meaningful supply of the highest quality
product for the underserved markets; particularly Southern
California and other jurisdictions as Marijuana is legalized for
both medicinal and recreational use."
The Company is close to finalizing negotiations with established
industry leading manufacturers and scientific experts and will
provide shareholders with an update as milestones are achieved.
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."
Based on the relationships developed and the transactions that
are underway, it was felt to be in the best interest of Rango/Verde
shareholders to focus the entirety of the Company's focus and
capital resources on maximizing the opportunity to be a significant
participant in a rapidly growing marketplace.
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.
Safe Harbor
Statements
Certain information contained in this news release constitutes
"forward-looking statements" as such term is used in applicable
United States and Canadian laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects" or "does not expect", "is expected",
"anticipates" or "does not anticipate", "plans", "estimates",
"intends" or "believes", or that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur", or
"be achieved".
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made,
and are subject to known and unknown risks, uncertainties and other
factors that may cause the actual results, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking statements. Many of
these factors are beyond the Company's ability to control or
predict. Important factors that may cause actual results to differ
materially and that could impact the Company and the statements
contained in this news release can be found in the Company's
filings with the SEC. Such risks and other factors include, among
others, the ability to locate and acquire suitable interests in oil
and gas properties on terms acceptable to the Company, the
availability of financing on acceptable terms, accidents, labour
disputes, acts of God and other risks of the oil and gas industry
including, without limitation, risk of liability under
environmental protection legislation, delays in obtaining
governmental approvals or permits, title disputes or claims
limitations on insurance coverage. The Company believes that the
expectations reflected in the forward-looking statements included
in this news release are reasonable; however, no assurance can be
given that these expectations will prove to be correct, and such
forward-looking statements should not be unduly relied upon. The
Company assumes no obligation to update or supplement any
forward-looking statements whether as a result of new information,
future events or otherwise.
CONTACT: Rango Energy, Inc.
Phone: +1 858 210 0236
harpsangha@shaw.ca
Verde Science (CE) (USOTC:VRCI)
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