Interactive Health Network (OTC Pink: IGRW) (PINKSHEETS: IGRW), a diversified holding company operating in the legal cannabis industry and advanced health supplements markets, today announced that it has completed the cancellation of Three Hundred and Fifty Million (350,000,000) shares of common stock, which reduces the share structure by more than 7%. This retirement is in addition to previously announced retirements, and these shares have already been returned to treasury. There has now been a total of Two Billion One Hundred Seventy Five Million (2,175,000,000) shares retired since April 1, 2014, or 42.58% of the total outstanding shares at September 30, 2013.
Fred Schiemann, CEO of Interactive Health Network stated, "We have been notified by The Stock Transfer Agent that the necessary documents required for cancellation have been received and processed and that the common shares have been cancelled. We will continue to we drive shareholder value as we execute our business strategy in the fast growing legal cannabis market."
About Interactive Health Network
Interactive Health Network is a publicly traded holdings company that manufactures, markets and sells high quality lifestyle products and nutraceuticals; including its wholly owned subsidiary, Cannabis Health Group, which focuses on the medical marijuana and hemp market space. We plan on extending and deepening our product lines to include other progressive market segments through acquisitions. We operate under strict levels of quality and operate with the highest level of integrity in all of our businesses. Interactive Health Network is publically traded on the OTC market under the symbol IGRW.
About Wellness Builder
The Company specializes in advances in Supplements for Health, and Anti-Aging with a special interest in Preventative Medicine. The Company was formed to distribute nutraceutical formulas developed over thirty years of research by world renowned team of UCLA scientists. Wellness Builder scientists have created more than a dozen fucoidan-based formulas which are intended to address the needs of individuals suffering from DDS (Degenerative Disease Syndrome), which includes such maladies as gastrointestinal disorders, auto-immune diseases, asthma, Alzheimer's, dementia, diabetes, arthritis, cancer, and heart disease. For additional information about Wellness Builder, please visit the company's website at www.wellnessbuilder.com
About Here We Grow Store
HWGS is a leader in the Indoor Garden and Hydroponics Industry as a national retailer of horticulture equipment and growing supplies headquartered in Denver, Colorado. Specializing in e-commerce worldwide, the company's website www.herewegrowstore.com is a state of the art online retail store where you can purchase all the leading Nutrients, Growing Lights, and Air controllers necessary for indoor gardening. Here We Grow Store has exclusive Distributor pricing of high quality nutrients and grow lights that are distributed in the US and Worldwide. For more information please visit www.herewegrowstore.com
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
Jeffrey Goldberger / Phil Carlson
KCSA Strategic Communications
P: 212-896-1249 / 212-896-1233
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SOURCE: Interactive Health Network