Las Vegas, NV, March 18, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers, including the largest multipurpose industrial hemp processing facility in Spring Hope, NC, a state-of the art local processing center in Southern Oregon, a 500-acre hemp growing Veteran Village Kins Community in Golden Valley, Arizona, two model “Small Family Hemp Farms” in North Carolina and Arizona, and a pre-roll blending manufacturing facility in Las Vegas, NV, and The King of Hemp StoreTM, a 5,000 square-foot retail location in Kingman, Arizona, announced today that it has fortified its commitment to supporting local hemp farmers, the American hemp industry, and local economies through its ever-expanding business ventures and operations.
“Since Hemp, Inc.’s inception, we have been committed to bringing back the small American family farm to the nation’s landscape, creating jobs locally, and supporting local businesses. These directives are central to our foundation and are reflected throughout the scope of our business ventures – from our King of Hemp™ pre-rolls to the Veteran Village Kins Community Arizona, Inc.,” said Bruce Perlowin, CEO of Hemp, Inc. “When you make a purchase from Hemp, Inc., you are not only supporting the small American hemp farmer and the American hemp industry, but you are also supporting American laborers and the small American manufacturers in ancillary industries. We are proud to lead by example and show how the Hemp Revolution will be mostly American Made.”The Company sources its supplies for its King of Hemp™ pre-roll line from a U.S.-owned and -based manufacturing company, and recently purchased 300,000 tubes for its pre-rolls’ packaging. Additionally, advertising materials such as banners for Hemp, Inc.’s Kins Community in Kingman, Arizona, and educational materials such as brochures for the Company’s recently announced Hempathon are all sourced from American companies.Hemp, Inc.’s commitment to domestic products and partnerships can also be seen in the Company’s Southern Oregon hemp operation. The Company utilizes American-made tractors, discs, planters, vehicles and plows to service its cultivation sites and Local Processing Center (LPC). The same applies for the tractors, farming equipment, the heavy duty construction equipment and other vehicles purchased to build the Veteran Village Kins Community Arizona. It is all American made, including the 7 geodesic domes on the Veteran Village Kins Community property. The geodesic domes were made by Pacific Domes, an Ashland, Oregon-based company.In addition, the majority of Hemp, Inc. employees are from the local communities in which the Company operates. The employees are paid the prevailing wage that is above minimum wage.Furthermore, Hemp, Inc. is featuring the American-designed, American-made clothing line, Hemp Blue which prides itself in providing premium hemp and denim blends made with love in Los Angeles, CA. Hemp Blue represents a conscious, decision-driven lifestyle and stands for responsible consumption and sustainable resources. The King of Hemp StoreTM will be well-stocked with Hemp Blue and other premium hemp clothing collections.Additionally, wood being used on the floor and walls of The King of Hemp StoreTM were manufactured by North Cal Wood Products, Inc., a small American business based in Ukiah, CA. North Cal offers a wide variety of reclaimed domestic and tropical woods. Perlowin also noted other sections of the store will use hemp wood from Fibonacci LLC, another Made-in-America company, which opened the first HempWood factory in Murray, Kentucky. “We’re proud to use their wood in our store and we’re looking forward to becoming a reseller for HempWood products soon,” says Perlowin.HempWood aims to be a catalyst for a wave of innovation consumed by the idea that cultural shifts toward a more sustainable way of living is no longer a luxury, but a requirement.“We cherish diversity and supporting American communities, and this can be seen in our hiring practices nationwide,” Perlowin added. “Our employees range in age from college students to the elderly, and come from all walks of life. The hemp movement is an inclusive one, and while we oversee our operations in North Carolina, Arizona, Oregon and Nevada, we continue to scout new locations to build new local processing centers for communities who need the infrastructure and knowledgeable support our team provides.”The U.S. hemp market continues to heat up for a variety of reasons, especially as the general populace continues to better understand the difference between cannabis as marijuana and cannabis as hemp, as well as the benefits of cannabidiol (CBD) and other cannabinoids derived from cannabis. In addition, Chinese hemp producers and China’s hemp industry is only now starting to diversify from its industrial hemp products into consumer hemp products, positioning many U.S. hemp producers and extractors ahead of their Chinese competitors, according to Cannabis Business Executive. The Cannabis Business Executive’s (CBE) mission is to provide cannabis industry leaders with utilitarian information to help them run their businesses successfully and advance the cannabis industry by helping its leaders stay abreast of emerging trends that impact their long-term success in the industry. CBE distinguishes itself as the premier authority by developing original content, aggregating news content and partnering with recognized industry experts to provide thought-provoking feature articles, news, opinions and insights, events and e-media. CBE provides its readers with business intelligence and the knowledge they need to succeed in new and changing markets.It’s no surprise Hemp, Inc. revenues are flowing in from every direction. After building a broad-based multi-state U.S. infrastructure over the last 10 years, Perlowin believes this year, 2020, will be the biggest year of revenues for Hemp, Inc. as shown below:DrillwallTM – Their wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM) in North Carolina is now fulfilling a $1 million dollar sales agreement for its DrillWall™, their proprietary kenaf-hemp blend natural Loss Circulation Material (LCM) product for the oil and gas well drilling industries. The Company has executed a sales agreement to sell $1 million worth of DrillWall™ over the course of one year. (Read the full press release here.)The King of Hemp Store™ – Hemp, Inc. also had a soft launch of The King of Hemp Store™, its flagship, brick-and-mortar retail store in Kingman, Arizona, last month. The store is expected to officially open next month. According to executives, The King of Hemp Store will carry as hemp shirts, pants, hemp denim jeans, jackets, backpacks, purses, handbags, topicals, shampoos, conditioners and a variety of cannabidiol (CBD) and CBG products such as flower. A lounge area in which community members can learn more about hemp, in a relaxing setting, is also planned as part of the store. The proceeds from the sale of its products will go to help children, the homeless and veterans. The plan is to utilize money earned at the store to create activities and subsequent venues for the children of Kingman, Golden Valley, and Dolan Springs, Arizona. (To read the full release, click here.)King of HempTM Pre-Rolls – Hemp, Inc.’s King of HempTM pre-rolls are also bringing in revenue for the company. The much anticipated King of HempTM pre-roll line didn’t disappoint once it launched as distributors reported quick sales in a matter of hours after stocking the high-quality CBD smokeables. One distributor, in particular, sold almost 300 King of HempTM pre-rolls in a week after listing it on its website, www.naturalexposurecbd.com, and noticed a huge interest for autographed King of Hemp pre-rolls from the King of Hemp himself, Bruce Perlowin. Based on the interest, Perlowin expects the current limited edition (signed and numbered) to be extremely valuable in the collector’s market in the future. The Company is also transitioning from the current packaging to hemp packaging. Derived from one of the top selling cultivars on the market, Pre-98 OG Bubba Kush, the King of HempTM pre-rolls are already positioned to corner the market as one of the best tasting for hemp consumption and is expected to be a massive revenue generator for the company. (To read the full release, click here.)Pre-98 OG Bubba Kush – The Pre-98 OG Bubba Kush is Hemp, Inc.’s top-shelf CBD flower sourced from certified growers to ensure high CBD content, eye-popping aesthetics, and clean genetics. The company has made 10,000 lbs. of Pre-98 OG Bubba Kush available for sale at a wholesale price ranging from $500 to $800 per pound and that is just a small percentage of the Company’s Oregon grow output. The rest of the grow will be used for the King of HempTM pre-rolls which is expected to earn the Company more than three times as much money as selling it wholesale. (For those interested in purchasing the company’s hemp buds, email email@example.com.)The Great American Hempathon – The Company’s first ever grow contest recently opened enrollment and is scheduled to take place during the first growing season of 2020, which begins this month, and includes planting, maintaining, harvesting, and processing. Hemp growers will demonstrate their skill and share in the $50,000 prize money. Each team is responsible for installing irrigation systems, preparing the soil, and maintaining the grow operation. To inquire about participating in the Hempathon, click here. To watch the “The Great American Hempathon” in real time, click here. CBD tincture to be launched in the next 1 to 2 weeks.For those interested in becoming a distributor for Hemp, Inc.’s King of HempTM pre-roll line, please email firstname.lastname@example.org. According to Perlowin, the Company will also offer an affiliate program for the pre-roll line. Those interested in becoming an affiliate should email email@example.com.According to a June 2019 market research report published by MarketsandMarkets™, the industrial hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the forecast period.To see 1-minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all of Hemp, Inc.’s activities around the country.WHAT IS HEMP, INC.?HEMP, INC.’S TEN DIVISIONSHemp, Inc. has been helping to build the industrial hemp infrastructure that was basically non-existent in America. There are now ten divisions:Division One – The Industrial Hemp InfrastructureDivision Two – The Hemp Farming InfrastructureDivision Three – The Hemp Extraction & Pre-Roll Blending InfrastructureDivision Four – The Hemp Educational InfrastructureDivision Five – The Hemp Marketing InfrastructureDivision Six – Accessories, Products and ServicesDivision Seven – Research and DevelopmentDivision Eight – Industrial Hemp Investments and Joint VenturesDivision Nine – Industrial Hemp ConsultingDivision Ten – Educational EntertainmentDivision One – The Industrial Hemp InfrastructureThe Industrial Hemp Infrastructure (Division One) currently consists of two hemp processing facilities across the country, with two more under development, which will include an in-house third party testing laboratory. The largest of the two is its multi-purpose industrial hemp processing facility and milling operation in Spring Hope, North Carolina. It’s the largest “industrial hemp processing center” in the western hemisphere and has grown to become one of the pre-eminent centers of the industrial hemp industry. The 85,000 square foot facility sits on 9-acres. It is environmentally sustainable and was built from the ground up in hopes of “Making America Hemp Again.” With a patent pending manufacturing process, the North Carolina facility is operating full time to process millions of pounds of our unique kenaf-hemp blend, to manufacture all-green natural loss circulation material (LCMs), called DrillWallTM that is to be sold to the oil and gas drilling industry, along with an all-green natural oil spill absorbent, a second industrial kenaf-hemp product called Spill-Be-GoneTM.In addition to the company’s industrial hemp processing facility in Spring Hope, North Carolina, Hemp, Inc. also has one of the most sophisticated local processing centers (LPC) in Medford, Oregon which focuses on hemp harvesting, drying, curing, trimming, bagging, storing, and in some cases selling high CBD hemp for local farmers and the Company’s own hemp grows in that area, and post processing for the CBD industry. The Company’s main focus is the “King of HempTM” pre-rolls and high CBD smokeable buds… a new phenomenon of smoking hemp which has caught the marketplace by storm.Hemp, Inc. and their associates also have 4,500 acres of land in Golden Valley, Arizona (100 miles from Las Vegas, 20 miles north of Kingman, AZ). Out of the 4,500 acres of land, 500 acres are designated for the Veteran’s Village Kins Community (VVKC) for Arizona. Hemp, Inc. is preparing 80+ acres, of the 500 acres, for hemp cultivation. The company aims to boost the economies of these towns by offering affordable hemp processing services, which incentivizes local growers to add hemp to their crop rotation. The company is continuing to scout new locations for local processing centers in Florida, Kentucky, West Virginia, Puerto Rico, and several other states.Thus far, Hemp, Inc.’s Local Processing Center (LPC) in Oregon has employed over 200 employees during its 2018 harvest season and over 300 employees during its 2019 harvest season to further support the infrastructure necessary for local and large scale farmers operating in the industrial hemp space.Division One Products:DrillWallTM (a loss circulation material)Spill-Be-GoneTM (an oil spill cleanup product)Hemp bioplasticsDivision Two – The Hemp Farming InfrastructureThe Hemp Farming Infrastructure (Division Two) consists of hundreds of acres of hemp and kenaf growing in multiple locations, farm equipment, cloning rooms, clones and seeds, grow rooms, greenhouses, hemp drying facilities and a huge amount of peripheral farming tools and equipment. The progress Hemp, Inc. has made in its agricultural endeavors, over the course of four years, has been amazing. The year 2020 marks the fifth year that Hemp, Inc. has been growing hemp. (To see Hemp, Inc.’s agricultural progress from 2016 through 2019, visit Bruce Perlowin’s personal Facebook page at www.facebook.com/kingofpot and scroll through posts from 2016 to the present. Visit www.hempincpresents.com to see the videos of Hemp, Inc.’s grows in multiple locations.)Hemp, Inc. also has two “Small Family Hemp Farm” models. The “Small Family Hemp Farm” in North Carolina is situated on 12 acres and consists of a cloning room, a greenhouse, and enough land to grow 2,000-3,000 high CBD hemp plants. (This model farm can be seen on Bruce Perlowin’s Facebook page, in the Aug. 22nd – 26th, 2018 posts.) The model shows farmers how to grow high CBD hemp plants, operate a greenhouse and turn a barn into a cloning room to earn up to $100,000+ a year. This shows an example of how the “Small Family Hemp Farm” can be duplicated and reappear on the American landscape. After all, the original small family farms in America were able to survive economically by growing hemp as their main cash crop and the first five presidents of the United States were all hemp farmers.Hemp, Inc.’s other “Small Family Hemp Farm” is located Dolan Springs, Arizona. This “Small Family Hemp Farm” is referred to as “The Orchard” since it has a sizable organic orchard. There are: 2 acres on which hemp will be grown on; a cloning room; cold storage; and greenhouses that are currently being installed.This year, according to Perlowin, the company is preparing to grow on up to 342 acres of land in Oregon, 300 acres in Arizona, hundreds of acres in North Carolina (a combination of hemp and kenaf), and an undetermined amount in other states. He says collective sales from all of these grows will be extremely significant in terms of pre-rolls, high CBD buds, distillate, isolate and biomass. “This year, we anticipate the main function of the company to be sales and marketing as we will have completed the infrastructure to support sales and marketing. Right now, I believe we have the largest footprint of bio-diverse hemp products with vertical integration in the hemp industry in America today. We are always looking for joint ventures where we have or can expand our footprint,” commented Perlowin.Moreover, “A to Z” services for the farmers are available – from harvesting to drying, curing, bucking, machine trimming, hand trimming, bagging, storing, nitrogen sparging, and selling… creating a “one stop shop” for the small to large family farms.Division Two Products:The King of HempTM Pre-Roll BlendsHigh premium CBD buds from the Rogue Valley in Southern Oregon, North Carolina and ArizonaHemp, Inc. will also be starting the Hempathon at the Veteran Village Kins Community in Arizona. Contestants will be able to grow 1 acre of hemp in a contest with other growers from around the country. Hemp, Inc. will provide land, water, security, and live streaming video coverage for participants. The Hempathon entry fee is $5,000 and a 50/50 revenue split. Several awards and prizes will be given to the winners. Those interested in signing up for the Hempathon should contact Devi Barnard firstname.lastname@example.org.Division Three – The Hemp Extraction & Pre-Roll Blending InfrastructureThe Hemp CBD Oil Extraction & Pre-Roll Blending Infrastructure (Division Three) originally consisted of a Supercritical C02 Extractor. After operating for over a year it has been determined that Hemp, Inc. will not be involved in the extraction industry and has changed its direction to focus primarily on the King of Hemp pre-rolls and The King of Hemp high CBD smokeable flower. The CBD oil that was extracted from the 2018 hemp grows in North Carolina has been made into pure crystalline CBD isolate which will add to our “King of HempTM” branded line of pre-rolls to take to the marketplace and a pre-roll fortified with pure crystalline CBD isolate.In lieu of building its own extraction laboratories, Hemp, Inc. plans to utilize the facilities of other labs in the industry to manufacture its own line of CBD oil products while they continue to build and expand the infrastructure for pre-rolls and high CBD smokeable buds. The Company will hire or joint venture with other, already existing, labs to manufacture CBD, CBG, CBC, CBN, and other products in its future cannabinoid line. With 150 different cannabinoids, over 300 terpenes, and more of each being discovered almost monthly, the product range and possibilities in this area are endless.Division Four – The Hemp Educational InfrastructureThe Hemp Educational Infrastructure (Division Four) includes Hemp, Inc.’s Hemp University which focuses on educating and empowering Hemp farmers and entrepreneurs with knowledge, processing, infrastructure and support. The educational seminars, through the Hemp University, are held periodically and teach farmers and landowners how to create a profitable income stream by maximizing the per-acre crop revenue. Through this division, Hemp, Inc. has trained well over 500 farmers in its first two years by doing a total of nine Hemp University seminars in North Carolina and Oregon, thus far, which include:The New Leaf Symposium and Golden Grow Awards Gala – January 26, 2020 (Jacksonville, Oregon)
Innocan’s Over-The-Counter Pain Relief Spray Receives FDA’s Technical Validation for Marketing in the USA
Herzliya, Israel and Calgary, Alberta–(Newsfile Corp. – July 13, 2020) – Innocan Pharma Corporation (CSE: INNO) (FSE: IP4) (the “Company” or “Innocan“), is pleased to announce that it has received notice from the FDA that Innocan’s over-the-counter Relief & Go Pain Relief spray product has successfully received technical validation and approval to commence marketing in the USA. Innocan’s pain relief formulation contains a combination of Magnesium oil, Methyl salicylate, Menthol and CBD. The Relief & GO Pain Relief spray is designed to target pain-related muscle and provide relief for joint pain. The unique formulation is administered with a simple dose of spray, roll-on or lotion.
To view an enhanced version of Figure 1, please visit:
“We are excited to receive the approval from the FDA to market our flagship pain relief product in the USA” Iris Bincovich, co-founder and CEO of Innocan states and she continues: “This represents the Company’s ability to develop and practice breakthrough technologies to create new CBD based products for the growing pain relief market.”
According to the American Academy of Pain Medicine chronic pain affects approximately 1.5 billion people worldwide, and research by Prescient & Strategic Intelligence reported that “Chronic Pain Treatment Market to Reach US $105.9 Billion by 2024”.
The Company, through its wholly owned subsidiary, Innocan Pharma Ltd. (“Innocan Pharma Israel”), is a pharmaceutical tech company that focuses on the development of several drug delivery platforms combining cannabidiol (“CBD”). InnoCan and Ramot at Tel Aviv University are collaborating on a new, revolutionary exosome-based technology that targets both central nervous system (CNS) indications and the Covid-19 Corona Virus. CBD-Loaded Exosomes hold the potential to provide a highly synergistic effect of anti-inflammatory properties and help in the recovery of infected lung cells. This product, which is expected to be administrated by inhalation, will be tested against a variety of lung infections.
The Company signed on a worldwide exclusive license agreement with Yissum, the commercial arm of the Hebrew University of Jerusalem to develop CBD drug delivery platform based on a unique-controlled release Liposome to be administrated by Injection. The company plans, together with Prof. Berenholtz, Head of the Laboratory of Membrane and Liposome Research of the Hebrew University to test the Liposome platform on several potential indications. The company is also working on a dermal product integrating CBD with other pharmaceutical ingredients as well as the development and sale of CBD-integrated pharmaceuticals, including, but not limited to, topical treatments for relief of psoriasis symptoms as well as the treatment of muscle pain and rheumatic pain. The founders and officers of InnoCan have commercially successful track records in the pharmaceutical and technology sectors in Israel and globally.
For further information, please contact:
For InnoCan Pharma Corporation:
Iris Bincovich, CEO
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Caution regarding forward-looking information
Certain information set forth in this news release, including, without limitation, the effectiveness and safety of the Company’s products, , information regarding the markets, requisite regulatory approvals and the anticipated timing for market entry, is forward-looking information within the meaning of applicable securities laws. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond InnoCan’s control. The forward-looking information contained in this news release is based on certain key expectations and assumptions made by InnoCan, including expectations and assumptions concerning the anticipated benefits of the products, satisfaction of regulatory requirements in various jurisdictions and satisfactory completion of requisite production and distribution arrangements. Forward-looking information is subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this news release. The key risks and uncertainties include but are not limited to: general global and local (national) economic, market and business conditions; governmental and regulatory requirements and actions by governmental authorities; and relationships with suppliers, manufacturers, customers, business partners and competitors. There are also risks that are inherent in the nature of product distribution, including import / export matters and the failure to obtain any required regulatory and other approvals (or to do so in a timely manner) and availability in each market of product inputs and finished products. The anticipated timeline for entry to markets may change for a number of reasons, including the inability to secure necessary regulatory requirements, or the need for additional time to conclude and/or satisfy the manufacturing and distribution arrangements. As a result of the foregoing, readers should not place undue reliance on the forward-looking information contained in this news release concerning the timing of launch of product distribution. A comprehensive discussion of other risks that impact InnoCan can also be found in InnoCan’s public reports and filings which are available under InnoCan’s profile at www.sedar.com.
Readers are cautioned that undue reliance should not be placed on forward-looking information as actual results may vary materially from the forward-looking information. InnoCan Pharma does not undertake to update, correct or revise any forward-looking information as a result of any new information, future events or otherwise, except as may be required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59564
TransCanna Receives State-Wide Operating License
Now owns largest known fully licensed cannabis facilities in California
Vancouver, British Columbia–(Newsfile Corp. – July 11, 2020) – TransCanna Holdings Inc. (CSE: TCAN) (FSE: XETR) (“TransCanna” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Lyfted Farms, Inc. (“Lyfted”), was successfully granted a Type 11 ‘Distributor’ license by the California Bureau of Cannabis Control for its 196,000 square foot Daly Avenue Facility.
This long-anticipated milestone marks the completion of all state and local licenses required for the Company to begin operations at its flagship cannabis processing facility in Modesto, California.
This state-wide license represents Lyfted’s most major milestone to date in meeting the distribution and production capabilities needed to meet the escalating demand for its products in the world’s largest cannabis market. The license was granted after three levels of approvals were achieved at the county and state level and will allow for the commencement of packaging, transport, wholesale, pre-roll assembly, labeling, testing, contract packaging (white-labeling), and of course distribution of cannabis products to all licensed retailers across the state.
“This is the most exciting development in our history and what everyone has been working towards,” says Bob Blink, TransCanna CEO. “Being granted a license at the state level is a long, costly, and complex process, and one that requires navigating and understanding a complex regulatory process. It’s a significant barrier to entry for most companies, so this marks a huge turning point for us. We are delighted to have achieved our biggest goal to date and excited to be able to better serve the demands of the California cannabis market.”
The Company is currently completing upgrades to the flagship Daly Facility. Commercial cannabis activities are expected to commence at Daly August 2020, via the deployment of a 16,000 square foot cannabis distribution center (Phase 1). To date, Lyfted has been able to process in excess of $1M USD/month in wholesale cannabis transactions out of a distribution space of 1,000 square feet from its Jerusalem Court facility. These upgrades will mean the Company now has 16,000 square feet of distribution space at its disposal as of August 2020.
“This exponential increase in capacity is incredibly exciting for investors,” says Blink, adding the Company has been focused on building out its wholesale and distribution business while awaiting its final license. “Having processed a million dollars’ worth of product out of a single one-thousand square foot facility, we are anticipating significant growth now that our 196,000 square foot operation is online.”
Lyfted anticipates hiring up to 250 full-time employees at the flagship site with a strong focus placed on social equity and a diverse workforce that is reflective of the communities it serves and operates in.
About TransCanna Holdings Inc.
TransCanna Holdings Inc. is a California based, Canadian listed company building cannabis-focused brands for the California lifestyle, through its wholly-owned California subsidiaries.
On behalf of the Board of Directors
Bob Blink, CEO
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of the Company. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation estimates and forecasts and statements as to management’s expectations for growth and the commencement of operations of the Company’s Daly facility.
The forward-looking information in this press release is based upon certain assumptions that management considers reasonable in the circumstances, including that operations will commence at the Company’s Daly facility in Modesto, California, as and when expected.
These forward‐looking statements involve numerous known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially from any future results, events or developments expressed or implied by such forward-looking statements. Risks and uncertainties associated with the forward-looking information in this news release include, among others, dependence on obtaining and maintaining regulatory approvals, including state, local or other licenses and any inability to obtain all necessary governmental approvals licenses and permits to complete upgrades to its Daly facility in a timely manner; engaging in activities which currently are illegal under U.S. federal law and the uncertainty of existing protection from U.S. federal or other prosecution; regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, particularly in California, due to inconsistent public opinion, perception of the medical-use and adult-use marijuana industry, bureaucratic delays or inefficiencies or any other reasons; any other factors or developments which may hinder market growth;; reliance on management; and the effect of capital market conditions and other factors (including those related to the COVID-19 pandemic) on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships, including with customers and suppliers.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59555
PURA Cannabis Cultivation Spinoff and Dividend Breaking News Update
Dallas, Texas–(Newsfile Corp. – July 10, 2020) – Puration, Inc. (OTC Pink: PURA) now has the following update to the press release published this morning about the management buyout of a separate public company that will in turn purchase PURA’s cannabis cultivation spinoff in exchange for common stock scheduled to close today. The management buyout has been executed by all parties. The purchase is scheduled to be funded on Monday. The management/owner team plans to make a formal announcement on Tuesday, July 14, 2020 (the formal announcement was previously expected on Monday, but to ensure funding is complete first, the announcement is now scheduled for the next day).
PURA – Logo
To view an enhanced version of this graphic, please visit:
The common stock issued in exchange for the PURA spinoff is intended to be issued to PURA shareholders in a dividend distribution.
NCM Biotech, a subsidiary of Kali-Extracts (OTC Pink: KALY) will also be acquired and merged with PURA’s cannabis spinoff.
The management team purchasing control of the target public company is expected to confirm the planned acquisitions of PURA’s cannabis cultivation company and KALY’s NCM Biotech in the announcement now scheduled for Tuesday, July 14, 2020.
PURA’s cannabis cultivation operation is thriving. The operation has recently purchased and relocated to a new property from its former leased property. Texas lawmakers have recently implemented hemp friendly farming regulations and in so doing, universities within the State of Texas have initiated hemp farming research programs. PURA’s cannabis cultivation spinoff has initiated a number of joint research applications with Texas universities.
NCM Biotech is focused on medical research and the development of treatments derived from its patented cannabis extraction process. See a recent research report on CBD extracts derived from NCM Biotech’s patented extraction process: Journal of Cannabis Research.
For more information on Puration, visit http://www.purationinc.com
This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59533
Cannabis4 weeks ago
RETRANSMISSION: Hemp, Inc. Announces that Its First Ever Great American Hempathon is in Full Swing
Cannabis4 weeks ago
Banksy Collection Becomes Permanent Installation at Toronto’s Newest Cannabis Store
Cannabis4 weeks ago
Hemp, Inc. Announces Newly Enhanced King of Hemp Website
Cannabis4 weeks ago
XPhyto Therapeutics Corp.: Infectious Disease Oral Screening Test Advancement
Cannabis4 weeks ago
MustGrow Imports Bio-Pesticide into Colombia for Testing on “Panama Disease”: Existential Threat to Bananas
Cannabis3 weeks ago
CYIOS Corp’s Wholly Owned Subsidiary Choice Wellness Officially Launches New Online Store for Its DR’s CHOICE CBD and “24” Hand Sanitizer Brands
Cannabis3 weeks ago
MediPharm Labs Australia Enters Into New Supply Agreement With VIVO Cannabis and Prepares to Commence Sales
Cannabis3 weeks ago
These Psychedelic Drugs May Be Key to Revolutionizing Weight Loss Treatment