RENO, NV -- China Food and Beverage Company (OTC : CHIF) announced that it launched a medical cannabis division on Feb. 6.
CHIF's vision is to establish a fully-integrated investment company that provides turnkey solutions to the medical cannabis industry. The company's main focus is on the acquisition of real estate, providing software solutions and financial services.
CHIF also announced that it has signed a binding letter of intent to establish a medical cannabis testing facility joint venture in California. The company's partner is currently operating a multi-million dollar medical testing facility in Las Vegas. Further details will be announced next week.
