Eric Hagen, the CEO of Monarch America Inc (OTCMKTS:BTFL) provided an update on the recent achievements of the company. He said that over the past year, the company accomplished many of its early stage corporate objectives. It is well placed in a more diversified position than it has ever been.
During the course of year, in addition to achieving the strong growth of the legal cannabis market across the U.S, the company successfully translated into a publicly traded firm. The company introduced the ‘Monarch America’ national line of products and started with an import and distribution business for coco coir cultivating medium in Colorado. The significant part was to change the company’s name to better support the brand and expand business model,
The most significant achievements have been Monarch America’s deal to buy The Big Tomato hydroponics and also indoor garden supply business. The company attracted more than $1.9 million as new capital commitments. These two accomplishments have well placed Monarch America for sustainable growth and expansion beyond the originally planned cannabis focused business model.
The future focus
Monarch America’s strategy for 2015 is planned to take the company and its brand to the higher levels. The initiatives include setting new The Big Tomato locations in various regions across the country. Also, the focus will be on building scale to company’s coco coir operation and introducing new products and leveraging extensive industry knowledge through consulting activities with other businesses. The company expects making substantial progress on all these aspects in the near future.
Hagen said that he would like to thank the entire team of Monarch America and its associates, customers and shareholders and investors for making last year successful. It is their support which made the year remarkable in all segments. The company expects more success and achievements in year 2015 and beyond.