DALLAS, Jan. 09, 2018 (NewMediaWire) -- Bayport International
Holdings, Inc. (OTC Pink: BAYP) is issuing a shareholder update in
response to Attorney General Jeff Sessions’ recent announcement to
step up enforcement of federal cannabis laws in states where
cannabis is legalized for recreational use.
The Company hereby states that operations and plans for 2018
will not be affected if the federal government does decide to
increase cannabis enforcement. Bayport’s operations do not “touch
the plant,” meaning the Company is not involved in the cultivation,
production, extraction, or sale of physical cannabis and its
by-products.
As a Cannabis technology company, Bayport is able to bring
cannabis consumers and entrepreneurs together on a global scale.
This allows the Company to benefit from other cannabis markets,
such as Canada, Australia, and more. Technology will allow cannabis
companies to set themselves apart in an increasingly crowded field.
For cannabis consumers, technology will provide ability to connect
with their local vendors and shop at www.weedwiser.com upcoming
ecommerce store.
Jeff Sessions recently announced the nullification of the Cole
Memo, which was issued by then-Attorney General James Cole in
August 2013. The Cole Memo essentially made federal cannabis
enforcement a low priority and focus within states that had
legalized cannabis for recreational use. Bayport International
believes this announcement will benefit the Cannabis Industry as it
will now force Congress to act, after years of largely ignoring the
issue. The Cole Memo was never meant to be a long term solution for
the cannabis movement, and it is important to have real legislation
that creates a set of universal guidelines that can keep consumers
and entrepreneurs safe. It is now up to Congress to respond and
create real legislation.
Bayport also believes that there have been protections within
the recent Federal Budgets that will curtail enforcement of Federal
Laws that are in conflict with State measures. The Company looks
forward to keeping investors informed on changes in the industry
and its own developments as needed.
Bayport International Holdings, Inc. is also pleased to
officially unveil new URL for corporate
website: www.baypcanna.com. Additional details will follow as
the website is closer to completion.
The company would also like to officially announce its new
official corporate address:
3838 Oak Lawn Avenue
Suite 1000
Dallas, Texas 75219
About Bayport International Holdings, Inc. (OTC
PINK: BAYP):
Bayport International Holdings, Inc. is a holding company active
within the cannabis technology industry. Through
its Weedwiser.com digital platform, the company seeks to
be a leader in the emerging cannabis technology industry.
Furthermore, the company is currently evaluating acquisitions
within the industry. Learn more about the company by
visiting http://www.weedwiser.com and
www.baypcanna.com.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Bayport International Holdings, its directors or
its officers with respect to, among other things: (i) financing
plans; (ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may," "would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Bayport International
Holding's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in Bayport International Holding's
filings with the Securities and Exchange Commission.
Contact Info
3838 Oak Lawn Avenue
Suite 1000
Dallas, Texas 75219
Phone: 214-438-3890
www.baypcanna.com
Investor Relations Contact: Spotlight Growth
Matt Rego