California voters legalized recreational marijuana by passing Prop 64 in November of 2016, opening a floodgate of business opportunities in California,” commented Management. Current revenue estimates for the California cannabis industry are projected to increase from $1.5 billion in 2015 to over $6.5 billion in 2020, creating a compelling opportunity for ADHC’s shareholders,” concluded the company. For more information on California Cannabis law see: ABOUT THE US AND CALIFORNIA CANNABIS INDUSTRY Approximately 24 states have legalized Medical Cannabis use and 8 states have legalized recreational use. California’s legal marijuana sales likely will climb to $1.6 billion within the first year, according to an Arcview report. California medical and recreational industry is projected to reach $6.5 billion in revenue by 2020, up from $2.8 billion in 2015, according to the report. The nation’s legal cannabis industry is expected to climb to $23 billion in 2020, up from $5.7 billion in 2015. The state of Colorado recently reported 2016 revenues of $1.3 billion and tax revenues of $200 million. Recently, 27 US congressmen, both Republican and Democrat, have introduced a new law known as, “Respect the State Marijuana Laws Act,” prohibiting federal prosecution for business in compliance with state law. This bill will formally legislate the current US policy. For more information see: https://www.mpp.org/news/press/republican-congressman-introduces-bill-resolve-conflict-state-federal-marijuana-laws-allow-states-determine-policies/ ABOUT AMERICAN DIVERSIFIED HOLDINGS American Diversified Holdings is a holding company that provides executive management, corporate governance, administrative support, financial advice, and introductions to capital sources to various micro-cap private and public companies that have proven revenues Medical marijuana and business models. Safe Harbor This press release contains forward-looking statements pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.