Connect with us

BUSINESS

Puration Inc (OTCMKTS:PURA) And North American Cannabis Holdings Inc (OTCMKTS:USMJ) To Take Advantage Of The Expanding Cannabis Market

Published

on

Reports have come up that the global legal cannabis market is fated for major expansions in a few years to come. Projections have been made that it might hit the $57 billion mark in terms of the annual sales.

Most of the companies are gearing up to take advantage of the legalization. They are hoping to reap from the major benefits it will be pulling along with. At the front line in reaping these benefits are Puration Inc (OTCMKTS:PURA) and North American Cannabis Holdings Inc (OTCMKTS:USMJ).

The spinoff milestone 

The strategic plan by the two take advantage of the global legal cannabis market is a move that has been applauded by a large number of market observers.

Details regarding today’s spinoff milestone is going to be unveiled through company’s letter to shareholders. It will be on Friday that the letter will be unveiled. It will be a letter covering details about designated operational spinoff.

Aside from that, it will also cover the corresponding dividend. The management through the company’s spokesperson has outlined that they will be communicating through issuance of regular email updates.

Future expectations

Interested parties are looking forward to obtain more details regarding the spin off. They are also interested in learning about terms of the spinoff transactions. That will entail the number of shares each one of the target businesses will be distributing to PURA and USMJ.

It will be in August that a statement will be made regarding the time of close of PURA and USMJ spinoff transactions. Most of the shareholders are looking forward to that moment since it will be a time for them to understand exactly when dividends will be offered.

It is expected that a short while after Labor Day all the spin off transactions will have been completed. What will follow thereafter is the execution of dividends and shareholders are hoping for the best. Meanwhile, PURA and USMJ are looking forward to unveiling details regarding the business development plans for cannabis cultivation operations.

Efforts to legalize cannabis follows the discovery that this product pulls along with a wide range of health benefits to it consumers.

BUSINESS

Project 7 Group LLC of U.S.A Agrees To Sell And Promote CBD And CBG Enriched Hemp Seeds Of Maple Leaf Green World Inc (OTCMKTS:MGWFF)

Published

on

Maple Leaf Green World Inc (OTCMKTS:MGWFF) has entered a pact with Project 7 Group LLC of USA to sell and promote its CBD and CBD enriched hemp seeds. The first-year sales target is set at $10 million (minimum). It can be renewed every year.

Welcomes Project 7 Group

Maple Leaf is pleased to welcome the team of Project 7 Group. It expects that Project 7 Group will improve global and domestic sales significantly. The privately held company – Project 7 Group operates with its offices situated in California, Washington, Nevada, New Mexico, Texas, Colorado, Arizona, and Wyoming. It specializes in hemp and cannabis financing, sourcing of seed and clone genetics, sales of raw hemp and concentrates, CBD extraction, CBD product manufacturing, and CBD product formulation. The company has a dedicated team to ensure the best project outcomes.

Receives hemp seed cultivation license

Maple Leaf received the hemp seed cultivation license on December 3, 2019, for CBD enriched hemp. It will also cultivate CBG (Cannabigerol) enriched hemp seeds. The non-psychoactive cannabinoid – CBG offers great potential to provide medical relief for the ailments that cannot be cured with CBD.

Commences greenhouse expansion in CA

Maple Leaf has commenced the Greenhouse expansion in California. It is renovating the two existing greenhouses on its 20-acre site located in Riverside County, California. The company expects to complete the renovation in mid-February 2020. It expects to commence cultivation soon.

Maple Leaf is in discussions with several overseas and North American buyers to sell its CBG enriched hemp. The company already signed a letter of intent with Lin International, which is based in Singapore last year. Maple Leaf will supply feminized hemp seeds to hemp projects in South East Asia. Lin International expects to obtain hemp cultivation licenses for its land of 500 hectares in Lao People’s Democratic Republic. It is exploring opportunities in other Southeast Asian nations.

Maple Leaf is expanding the greenhouses to an additional 1,000 Sq. Ft. to meet the growing demand for CBG enriched hemp. The company’s growing capacity will increase to 7,000 Sq. Ft. Maple Leaf also years to acquire two to four greenhouses anticipating the supply contracts.

Continue Reading

BUSINESS

Neutra Corp (OTCMKTS:NTRR) Aims To Become A Vertically Integrated Producer And Distributor Of Hemp Derived CBD Health Products With Fresh Private Equity

Published

on

Neutra Corp (OTCMKTS:NTRR) is planning to support its vertical integration campaign with the fresh round of private equity. It will use the funds to become a vertically integrated producer and distributor of the hemp-derived CBD health products.

Private equity to support accomplishments in 2020

Chief Executive Officer of Neutra, Sydney Jim, said the private equity received on January 1, 2020, is a welcome sign for the company to strengthen its long term position and compete and achieve success. The company will use the funds to pursue its goals and strategies. It enjoyed successful 2019 and hopes to maintain better accomplishments in 2020 with the fresh round of private equity.

CBD offers a variety of medical benefits

The multi-purpose and natural hemp compound offers a variety of medical benefits. According to the feedback from users, it offers relief from reduced effects of seizures, anxiety, and slows down in neurodegenerative disorders. It also provides relief from pain and alleviates the side effects of certain cancer treatments. Users do not suffer from any form of addiction.

The market for hemp-derived products expects to touch $22 billion by the year 2022. It is on the backdrop of improved health benefits enjoyed by the users of CBD. The sales of CBD last year are $390 million.

Neutra gets a boost from TDA’s administrative rules

Neutra is almost closer to realize its dream of becoming a vertically integrated company because the administrative rules framed by the Texas administration regarding the production of hemp are public comments stage. On adoption of these rules, the Texas Administration (TDA) still needs to get the nod of USDA (the US Department of Agriculture) to issue licenses for growing hemp.

TDA expects to process the license applications in H1 2020. Neutra will grow its hemp on receipt of the license. The company will use the grown hemp for the production of CBD products and distribute them under one roof. Sydney said it is a big development. The demand for hemp-derived CBD products in Texas is huge. It is economical to produce hemp in the state. The company will also benefit from logistics.  Combined gives Neutra a solid footprint in the southern US.

Continue Reading

BUSINESS

AeroGrow Manufacturing, A Subsidiary Of Grow Solutions Holdings Inc (OTCMKTS:GRSO), Hires EngComp Services To Provide Certified Construction Documents For $1.5 Million PO

Published

on

AeroGrow Manufacturing, a subsidiary of Grow Solutions Holdings Inc (OTCMKTS:GRSO), has announced hiring EngComp to provide certified construction documents. As per the terms of the contract, EngComp will provide certified documents for the first $1.5 million PO of the total $10.5 million PO placed by Foundation Farms. EngComp also provides building permit support and design project management services.

Certified construction documents to get building permits

The certified construction documents are necessary to help receive the building permits. AeroGrow expects to complete the planned facility by the end of this month and begin the construction. Grow Solutions is well-positioned for the repeatable design that helps to produce Pure Roots Urban Farm facilities on a large scale.

Builds three Pure Roots Urban Farm facilities in Canada

Grow Solutions is in discussions to construct three Pure Roots Urban Farm facilities this year in Canada. It is striving to establish its presence in the indoor agro/ food industry. The company will put in significant efforts in 2020 to make Pure Roots Urban Farms a household name to those that deliver beyond the organic produce.

Chief Executive Officer and President of Grow Solutions, Chad Fischl, said the company is excited to work with EngComp, which has strong ties to the community and its designs. EngComp is proven to deliver complex projects in time and within the scheduled budget. It offers specialized services in planning, cost estimation, risk analysis, and project management services. Chad said the company re-engaged EngComp to provide its vital plans to the customers.

President of EngComp, Jason Mewis, said the company is pleased to see that this project is moving to become a commercial facility. EngComp is involved in the design since its inception. The new facilities offer a solution to ensure food security.

Grow Solutions acquires Pure Roots

Grow Solutions has taken over Pure Roots Holdings Inc in 2019 via a share exchange deal. Pure Root possesses licensing rights to AeroPod Vertical indoor grow system. It entered a pact to sell its AeroPods to a firm based in B.C. the company started the design and packaging for those products. Grow Solutions is confident to move forward in 2020 with its anticipated grow markets that include indoor vertical ag-tech, plant-based diets, and cannabis, and reliable partners.

Continue Reading



Trending Stories