LOS ANGELES--(BUSINESS WIRE)--Symboli announces its intent to create and issue its proprietary Symboli token (www.symboli.com) as a Security Token Offering (STO) under U.S. law to purchase five operational cannabis retail locations in Los Angeles, California, with annual revenues in excess of $100 million in 2019. Symboli will establish a substantial California presence, expand, build strategic partnerships and implement further utility protocols.

Symboli’s management revealed its annual Cannabis Dividend® with an extraordinary cash dividend payout ratio of 100% of all net earnings (adjusted EBITDA) for the first three years following the acquisition of the operations (estimated at a total of $112 million to be distributed to Symboli token holders from 2019-2021, representing one of the largest cash dividends for STO investors in the history of cryptocurrencies).

Symboli will be an Ethereum-based security token launching its public pre-sale round and STO in Q1 2019 followed by its token generation event (TGE) and crypto exchange listings in Q2 2019 (currently Symboli is organizing and conducting a limited private pre-sale).

Symboli will use the STO proceeds to complete acquisition of the five cannabis businesses in Los Angeles (Beverly Hills, Marina Del Rey, two downtown L.A. and Van Nuys). These popular locations are expected to generate from their established operations cumulative gross revenues of $400 million over the next three years.

Symboli Cannabis Dividend® projected annual dividend amounts based on adjusted EBITDA numbers for 2019 are $27,447,025, 2020 of $37,019,415 and 2021 of $47,525,409; representing an initial dividend yield of around 22% for 2019 (based on a projected listing price of $0.50 per Symboli token).

Symboli will also offer investors a dividend in kind with exclusive advantages (e.g. 40% discount on product purchases in its locations for 36 months). Symboli targets a very loyal clientele as 84% of customers use the products daily, 55% spend $2,400 annually and 22% spend over $3,600 per year, according to Cannabis Consumers Coalition (www.cannabisconsumer.org). “By offering this in kind dividend and the cash dividend, Symboli will reward loyal customers and token investors,” according to Peter Brian, Symboli’s CEO.

Symboli’s in kind dividend will also include exclusive privileges like VIP invitations to “Grow & Dispensary Tours” and exploring Symboli’s greenhouses that are usually closed to the public. Symboli’s token holders will get a California cannabis industry insider’s perspective, learning about cannabis cultivation from clone-to-harvest.

“Growing adoption of marijuana in medical applications such as cancer, mental disorders, and chronic pain will propel revenue growth and a global wave of deregulations in marijuana will allow 2 billion people in America and Europe alone to shop for cannabis, creating huge profits for the industry and Symboli,” explained Peter Brian.

“The legal cannabis market will outperform America’s most profitable sports organization, the NFL, which aims to reach $25 billion dollars by 2027,” predict BDS Analytics (www.bdsanalytics.com) and Arcview Market Research (www.arcviewgroup.com). The global legal marijuana market is expected to reach $146 billion already in 2025, according to Grand View Research (www.grandviewresearch.com), underscoring Symboli’s extraordinary potential.

Before January 1, 2018, 17 million people in five US states and Uruguay could purchase state-legal marijuana. On January 1, 2018, 47 million people gained access. Most consumer growth occurred when California’s market came online and legal marijuana increased nearly three-fold. When California implemented its regulations, the state went from thousands of legal distribution points to a few hundred - overnight.

“Symboli will own and operate five of those coveted retail locations based in Los Angeles, California, with more than $400 million in gross sales (over 3 years) and $112 million in Cannabis Dividend® distributions. Given the current view on Cannabis, the potential for future growth is tremendous,” Peter Brian continued.

Symboli, Inc. will conduct the STO from the United States; the Symboli token and its blockchain will be Swiss made, developed by the wholly owned subsidiary in Symboli LLC Zug, Switzerland, which is a member of Crypto Valley Labs (www.crypto-valley-labs.business.site) and the Crypto Valley Association (www.cryptovalley.swiss).

Symboli partners with UbiVault Inc. (www.ubivault.com) for its military-grade security and next-generation distributed ledger technology to create the most secure blockchain token to date.

The world class team is incredibly excited to share Symboli’s Cannabis Dividend® with investors and stakeholders. Symboli is finalizing its private pre-sale round and then will announce public pre-sale details, the STO structure and cash dividend and dividend in kind details. Pre-sale participants will enjoy exclusive offers (please inquire at private-presale@symboli.com).

About Symboli

The Symboli Cannabis Dividend® presents an extraordinary dividend payout ratio of 100% of net earnings (adjusted EBITDA) for the first three years (payable quarterly) creating the first dividend paying security token of its kind in the Cannabis industry and on the cryptocurrency markets. The dividend yield will initially be 22% generated by our five Cannabis operations in Los Angeles, California, with expected cumulative annual revenues in excess of US$100 million in 2019, US$140 million in 2020, US$160 million in 2021, and estimated net earnings cumulatively of 28% over 3 years (industry standard is 20% to 25%).

Management believes that Symboli’s high-yielding and marijuana based Cannabis Dividend® will be appealing to investors who are typically interested in dividend-paying cannabis businesses e.g. like AbbVie Inc. (NYSE: ABBV) with a dividend yield of approximately 4.0%, or Associated British Foods Plc. (LON: ABF) (OTC: ASBFY), with a dividend yield of approximately 1.67%, or Compass Diversified Holdings Inc. (NYSE: CODI) with a dividend yield of approximately 8.05%, or Innovative Industrial Properties Inc. (NYSE: IIPR), with a dividend yield of approximately 3.22%, or Iwasaki Electric Co. Ltd. (JPX: 6924) with a dividend yield of approximately 2.45%, or Scotts Miracle-Gro Company (NYSE: SMG) with a dividend yield of approximately 2.8%.

To learn more about Symboli, its STO and its Cannabis Dividend®, or if you are interested in investing with Symboli, please visit our website at www.symboli.com.

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