PHOENIX, AZ--(NewMediaWire - May 12, 2017) - American
Housing Income Trust Inc. (OTCQB: AHIT) is pleased to announce it has approved
the change of company name and symbol to reflect the new company
direction.
The company has been diligent in filing the proper documentation
to change classification and domiciles from the State of Maryland
to the State of Wyoming and re-classifying our SIC while also
changing out ticker symbol. "We feel Wyoming is the right state for
our domicile because there is no state income tax and the corporate
cost is one of the lowest in the country" says Michael Ogburn, CEO.
Corix also has populated their new website which can be found
at www.corixbioscience.com. The new core business
will be from "cell to sale" in the production of Cannabidoil,
commonly known as CBD oil that is extracted from the industrial
hemp plant.
Not to be confused with the cannabis or "marijuana" plant as it
commonly is, industrial hemp looks and smells very close to
marijuana but has little to zero THC, the cannabinoid that gets a
user "high". Ogburn states, "Our vision is to be the first fully
integrated CBD grower and manufacture of CBD oil in the country. We
are in the design phase of a state of the art 80,000 square foot
facility that we plan to break ground on this summer. It will have
a tissue cell culture lab, drying and extraction capabilities. We
are also planning on over 180,000 square feet of greenhouse for
research."
AHIT merged with IX Biotechnology Inc. earlier this year and
assumed their business relationships and land leases with Native
American Indian Tribe Members. "IX had the foundation and beginning
stages of the model in process, and together with the AHIT team and
its assets, we can see the vision through and become the largest
CBD producer in the country," states Ogburn.
Details of the progress of change in domicile will be made
public as they become available.
About American Housing Income Trust, Inc.
Corix Bioscience, Inc. ("Corix") is a Maryland corporation in the
process of converting to a Wyoming corporation is listed OTCQB:AHIT
as a fully reporting SEC company. Corix intends on being the
largest producer of certified organic CBD oil in the United States
-- a market that is growing at a rate of 700% annually and expected
to be over $2 billion by 2020 according to Fortune Magazine. Corix
will be a fully-integrated seed-to-shelf certified organic
biotechnology company. Corix, through its Real Estate Committee,
also owns, operates and develops real estate assets in 3 western
states and is headquartered in Phoenix, Arizona.
Forward Looking Statement
This press release, and those statements regarding IXB and the
Company, contain forward-looking statements that relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events and similar expressions. Forward-looking
statements may be identified by use of words such as "may," "will,"
"should," "expects," "intends," "plans," "anticipates," "believes,"
"estimates," or "potential" or similar words or phrases which are
predictions of or indicate future events or trends. Statements
such as those concerning potential acquisition activity, investment
objectives, strategies, opportunities, other plans and objectives
for future operations or economic performance are based on the
Company's current expectations, plans, estimates, assumptions and
beliefs that involve numerous risks and uncertainties. You are
cautioned not to place undue reliance on any forward-looking
statements and the Company disclaims any obligation to publicly
update or revise any forward-looking statement to reflect changes
in underlying assumptions or factors, new information, future
events or other changes. Please refer to Company's filings
with the Securities and Exchange Commission for further
information.
Related Links
http://www.corixbioscience.com
http://www.ahitrust.com