MISSISSAUGA, Ontario--(BUSINESS WIRE)--Cannagistics, Inc. (OTCBB Markets “CNGT”) (the “Company” or “Cannagistics”), announces the completion, as of May 17, 2019, of the change of the corporate name from Precious Investments, Inc., to Cannagistics, Inc. FINRA assigned a new stock symbol, that being: “CNGT” to the Company.
Cannagistics currently operates of Global3pl, Inc., (formerly known as KRG Logistics, Inc.) which is a third-party logistics provider, providing inventory management, transport, International Freight Forwarding, and Customs House Brokerage, in addition to “Just In Time” inventory management, forward and reverse last mile delivery, plus all modes of ground, air and ocean freight.
Cannagistics is also positioning itself to be a Canadian based cannabis-related logistics company aimed at streamlining the fragmented cannabis marketplace. We will be the first Canadian company to obtain our own bonded warehouse license for cannabis, -- and are currently developing the most robust supply chain technology platform specifically for the cannabis industry. The complete supply chain management of the emerging cannabis extract product industry, including blockchain-verified compliance and documentation, ISO certified purity testing, and (through Global3pl), inventory, transport and international clearances.
We are also pleased to announce that Prof. Peter J. Murphy has joined as Chairman of the Board of Directors and CEO. Mr. Murphy has an MBA (University of Toronto); served as Trade Ambassador for the Province of Ontario in the State of Georgia, and surrounding states (USA), with an extensive background in operations management and marketing. He also serves as Vice –Chair of the Board of Governors of NWC [as part of a major European University along with Global leaders in Government, Industry and Medicine].
Mr. Murphy, Chairman and CEO of the Company stated, “While many others are jumping into the cannabis pool and hoping they can swim, we’ve assembled a knowledgeable team of professionals in the four most vital areas of serving raw growers and post-extracted products: logistics, compliance, cannabis testing. and technology. We’re confident that this combination of knowledge, extended services -- consolidated and managed through our proprietary information technology platform --, will position Cannagistics Inc. as the go-to supply chain source for Hemp, CBD, and other cannabis-related products and services”
Mr. Zimbler has stepped down as CEO with the appointment of Mr. Murphy as Chairman and CEO but remains as Executive-Vice President and COO of Cannagistics and will continue to be President of Global3pl, the subsidiary operation.
The company has the following websites:
FORWARD LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.