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AltMed Florida to Open its 22nd MÜV™ Medical Cannabis Dispensary in St. Petersburg’s Trendy EDGE District
June 11, 2020

AltMed Florida to Open its 22nd MÜV™ Medical Cannabis Dispensary in St. Petersburg’s Trendy EDGE District

AltMed Florida, one of the fastest growing MMTCs in the state (source: OMMU), continues its statewide expansion with a three-day opening, starting Monday June 15 at 10am for its newest MÜV™ Medical Cannabis Dispensary at 1101 1st Ave. N. in St. Petersburg.

Located in the popular EDGE (acronym: Entertainment, Dining, Galleries, Etc.) district of downtown St. Petersburg, the newest MÜV™ dispensary is easily accessible by both foot and vehicle traffic.

“Part of our mission is to bring cannabis out of the shadows and into the spotlight as part of the growth and revitalization of dynamic business communities like St. Petersburg’s EDGE district,” said Todd Beckwith, AltMed Director of Corporate Affairs. “We’re excited to bring new jobs and be a proactive member in the local economy to help drive all business in the area.”

AltMed Florida now has 22 MÜV dispensaries and is on pace to open 32 by year-end, and 40 by Q2, 2021.

“This is an exciting new industry and Florida is a prime market that has attracted large public companies,” said John Tipton, AltMed Florida CEO. “We’re different. We’re a homegrown privately owned Florida company that’s proud of our roots. We’re thrilled to be creating jobs and economic growth for communities across our state with the success and popularity of our MÜV Medical Cannabis dispensaries.”

Deemed an essential service during the pandemic, AltMed Florida has been able to expand its workforce to over 500 employees with additional teams coming onboard at each of its 11 new dispensaries this year. With higher demand for products from 22 total dispensaries, AltMed has also generated additional construction employment and staffing with the expansion of its 220,000-square-foot cultivation facility in Apollo Beach.

During the St. Petersburg opening, staggered over three-days (June15-June17) for crowd mitigation, all licensed Florida medical cannabis patients will receive a one-time use only, one per patient, 25 percent off their entire first purchase. Patients are also encouraged to order at muvfl.com for express pickup or delivery to help reduce heavy traffic.

The newest state-of-the-art MÜV™ St. Petersburg dispensary will provide award-winning products to medical cannabis patients including an extensive selection of flower, pre-rolls, vaporizer pens, metered dose inhalers, topicals, oral sprays, patent-pending encapsulation formulations in its Tinctures, 72-Hour Transdermal patches and transdermal gels. MÜV also has one of the widest selections of concentrates for patients’ needing macro-dosing options.

The St. Petersburg dispensary is approximately 3,600 square feet. An independent medical marijuana doctor is scheduled to open next door making access to medical cannabis easier for patients in need.    

Like AltMed Florida’s 21 other locations (Apollo Beach, Bonita Springs, Clearwater, Deerfield Beach, Fort Myers, Gainesville, Jacksonville/San Marco, Jacksonville Beach, Lady Lake, Lakeland, Longwood/Orlando, Lutz, North Port, Downtown Orlando, Ormond Beach, Pensacola, Sarasota, Sebastian, Tallahassee, Tampa and Wellington/West Palm), the new St. Petersburg MÜV dispensary stands out because it’s designed as a premium experience – think Apple Store, with a modern open-concept design and expert staff with extensive training.

The MÜV brand already has a wide following in other legal medical cannabis markets, including Arizona, where it has won five Best of Arizona medical cannabis awards. MÜV products are sold exclusively in Florida at MÜV dispensaries because, unlike other states, Florida does not allow wholesale of product between license holders - only products that license holders make themselves can be sold in their dispensaries.

For more information about the new ADA-compliant MÜV Medical Cannabis Dispensary in St. Petersburg, including hours and available MÜV products, visit muvfl.com.

AltMed Florida is on pace to open 40 MÜV Medical Cannabis Dispensaries across the state, all supplied by its 220,000-square-foot, state-of-the-art cultivation facility.

About MÜV™

The MÜV™ brand of medical cannabis infused products launched in Arizona in 2016 and quickly gained international attention and recognition. MÜV Dispensaries by AltMed Florida was formed a year later through the partnership of AltMed Enterprises and Plants of Ruskin, a multi-generational Florida agricultural leader. Through continual research and development, MÜV has received multiple patents for its award-winning MÜV Products line that provides quality, consistent and reliable medical cannabis products to patients at all 28 locations (one in Arizona muv-az.com, 27 in Florida muvfl.com, and more added each month). Patients are encouraged to place reservations online at muvfl.com for in-store pickup, order for delivery, or visit any one of the 27 MÜV Dispensaries for alternative medical cannabis medicine you can trust.

About Plants of Ruskin, LLC - d.b.a. AltMed Florida, LLC

With a focus on quality and attention to detail, Plants of Ruskin has more than 35 years of experience in providing seedlings to farmers for vegetable and medical product production. Plants of Ruskin founders, the Dickman Family, are 4th generation farmers with a long history of working in conjunction with the University of Florida, including an endowed chair specifically dedicated to plant improvement.

About AltMed Enterprises

Alternative Medical Enterprises, LLC, headquartered in Sarasota, FL and doing business as AltMed Enterprises, is a fully integrated medical cannabis company that brings compassion, community engagement and pharmaceutical industry precision to the development, production and dispensing of medical cannabinoids.

Forward-Looking Statements - To the extent any statements made in this press release contain information that is not historical, these statements are forward-looking in nature and merely express our beliefs, expectations or opinions. For example, words such as “may,” “should,” “estimates,” “predicts,” “continues,” “believes,” “anticipates,” “plans,” “expects,” “intends,” “potential,” “strategy” and similar expressions are intended to identify forward-looking statements. Such statements are based on current expectations or estimates and involve a number of known and unknown risks and uncertainties that could cause our actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, the following: (i) our ability to implement our business strategy of distributing high quality cannabis products where permissible under applicable law; (ii) availability and cost of additional capital; (iii) our ability to attract, retain and motivate qualified employees and management; (iv) the impact of federal, state or local government regulations; (v) competition in the cannabis industry; (vi) our ability to generate revenues; and (vii) litigation in connection with our business. All forward-looking statements included in this press release and attributable to us or any person acting on our behalf are qualified by this cautionary statement. Forward-looking statements speak only as of the date on which they are made, and, except as required by law, we undertake no obligation to update or revise any forward-looking statement, regardless of whether new information becomes available, future developments occur or otherwise.

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