“After taking much time to carefully analyze our strategic options, we have decided that immediate business development in the hemp industry provides for much greater opportunities for Pharmagreen including our ability to operate within federal regulations without the restrictions currently imposed on the marijuana industry,” said
The company will provide additional details at a later date of its business plan to fund and roll out its hemp operations. The strict focus on the hemp industry only at this time, will allow the company to do interstate commerce with the entire US, as well as to do business with major banks. The company’s executive team with its extensive hemp industry knowledge has developed working relationships with hemp farmers and other operatives within the hemp industry in the US. The company believes in its business model to provide starter plantlets to farmers and offer a buyback program for their biomass to extract CBD and other non-THC cannabinoids to produce oils, and other derivatives including isolates of the highest quality, which will ultimately provide a competitive advantage starting with farmer, to extraction, to product development, through sales.
About
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer demands; inability to replace significant customers; seasonal nature of our business. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.
The OTC Markets or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
Contact Information:
www.pharmagreen.ca
Tel: (702) 803-9404
Email: info@pharmagreen.ca
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