Santa Ana, California, June 06, 2017 (GLOBE NEWSWIRE) -- The Graystone Company (OTC:GYST) announced today that the company has exceeded its expected revenue projections for the month of May 2017.
CEO M.T. Soeparmo stated, “What we want to convey to the investment community today is the exponential growth that we are experiencing with our Cannabis Delivery operations. A combination of repeat business and new accounts has allowed us to far outpace our projections and we feel that this will continue to be the case for the foreseeable future. We had projected 20K to 25K in revenue for May; we finished up in excess of $26,000. The pace we are on now has prompted adjustments to our year to date projections going forward. Expansion beyond our existing territory is in the works and the scalability of what we are doing is why we have been able to grow at such a rapid pace.”
Mr. Soeparmo went on to say, “I cannot say enough about our team of operators. Our business model thrives on repeat customers and we have been fortunate to assemble a team that has quickly developed a reputation for speed of delivery and excellent customer service. We want to that each of you for your ongoing support of The Graystone Company. We will have further updates coming out soon.”
About The Graystone Company, Inc.: Graystone is building out a scalable business operation in the Cannabis Industry that includes multiple cannabis delivery services and dispensaries.
The initial delivery service began operations in March 2017 and has rapidly expanded into multiple target markets with plans for aggressive expansion for the remainder of 2017. The company also has mining operations in Suriname and is actively scouting additional locations for future projects.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.