PALM BEACH, Florida, March 16, 2017 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Advancements continue to be made in various CBD extractions as the demand for cannabis extracts continues to climb at a high rate. Cannabidiol (CBD) is one of the most important healing substances, with a strong anti-inflammatory effect and without a psychotropic (narcotic) effect. Medicinal and legal marijuana companies of interest this week include: Vinergy Resources Ltd. (OTC:VNNYF)(CSE:VIN.CN), Cannabis Science, Inc. (OTC:CBIS), Medical Marijuana, Inc. (OTC:MJNA), Terra Tech Corp. (OTC:TRTC) and Supreme Pharmaceuticals Inc. (OTC:SPRWF)(CSE:SL.CN).
Vinergy Resources Ltd. (OTCQB:VNNYF)(CSE:VIN.CN), in conjunction with its proposed acquisition of MJ Biopharma (announced December 14, 2016), is pleased to announce it has developed a disruptive solvent based extraction system. Read this and more news for Vinergy Resources at: http://marketnewsupdates.com/news/vnnyf.html
The project currently underway for an existing customer, utilizes an ethanol / CO2 co-solvent blend and specialized equipment, to achieve medicinal products with significantly increased purity. The current iteration of the machine has the physical footprint of a standard shipping skid and incorporates safety and process control systems, in one easy-to-use platform. Mr. Kent Deuters, CEO of MJ BioPharma said, "This system can produce greater yields and higher quality end product results, with less solvent and less time. The process is safe and can be tailored to fit local safety, electrical and workplace laws. The system has been tested to work with other solvent blends and may potentially be capable of producing other useful end products, such as terpenes - an area which can add immediate value for the Company."
In other sector related market performances and developments:
Cannabis Science, Inc. (OTC:CBIS) closed up just over 5% on Monday, trading over 13.6 Million shares by the market close on Wednesday. CBIS recently announced the anticipated delivery of the first of our pre-designed greenhouses, with full tracking and reporting protocols to be delivered this week, for our California and Nevada operations.
Medical Marijuana, Inc. (OTC:MJNA) closed up over 17% on Wednesday, trading over 25.8 Million shares by the market close. MJNA announced this week that Eric Raszewski has joined subsidiary HempMeds® as Sales Manager. In this new position, Raszewski will be responsible for the management and development of the inside sales team at the company. He will provide data and insight to the sales team to help them continue to supply HempMeds® products, to the many loyal customers who depend upon the company's world-class team.
Terra Tech Corp. (OTCQX:TRTC) closed up slightly on Wednesday, trading over 1.7 Million shares by the market close. Terra Tech Corp., through its subsidiaries, engages in the design, marketing, and sale of hydroponic equipment with proprietary technology to create sustainable solutions for the cultivation of indoor agriculture in Newport Beach and Irvine, California. It operates through two segments, Hydroponic Produce and Cannabis Products.
Supreme Pharmaceuticals Inc. (OTC:SPRWF)(CSE:SL.CN) closed up on Wednesday, at $1.58 on the CSE exchange trading over 700,000 shares and at $1.20 on the OTC market closing up just over 4%. Supreme is a Canadian, publicly traded company and is one of 37 companies with a Federal ACMPR license to produce marijuana, recently licensed on March 11th, 2016 as well as owning a 7 acre (342,000 sq.ft.) Hybrid Greenhouse, that combines best practices of indoor cultivation with the cost structure of a greenhouse.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies, are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Vinergy Resources Ltd. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.