Cannabis Sector Appears To Stabilize With New Advancements - Company Enters JV for 70 Acre Hemp Farm
CORAL SPRINGS, Florida, April 22, 2014 /PRNewswire/ --
Marijuana companies acquire resources with expansion in sight: Polaris International Holdings, Inc. (OTC: PIHN), Tranzbyte Corporation (OTC: ERBB), Planda (OTC: PLPL), Nuvilex, Inc. (OTC: NVLX), Latteno Food Corp. (OTC: LATF) and MediSwipe, Inc. (OTC: MWIP)
Polaris International Holdings, Inc. (OTC PINK: PIHN) has entered into a revolutionary agreement with a 70 acre hemp farm in Kentucky. The agreement provides for Polaris to secure 100% of the harvested material for the extraction of cannabinoids. Polaris is focused on the development of their ProCannas Product line and intends on utilizing some of the production of Hemp to be used for the production of such said line of products and the availability to enter into other markets as well. The two companies will form a separate LLC of which each company will be members.
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Kentucky passed SB50 in 2013 which removes hemp from the controlled substances list and allows for Kentucky farmers to cultivate the crop without fear of law enforcement. To read the entire bill visit http://www.lrc.ky.gov/record/13RS/SB50.htm. "With Kentucky's SB50 becoming law and allowing the growth of hemp, the opportunity to secure farmland for our benefit was necessary. By entering this joint venture, we are opening the door to establish our own supply of CBD for use in our ProCannas products. This will substantially reduce our production costs and therefore increase profitability for the Company." states Medical Director, Dr. Vasthi Alvarez Avila.
Tranzbyte Corporation (OTC Pink: ERBB) and its American Green Division recently announced that its recently unveiled automated marijuana dispensing machine, the ZaZZZ American Green Machine will find homes at some of Colorado's most popular dispensaries -- Doctors Orders. According to Stephen Shearin, Tranzbyte's chief operating officer, "We are readying the first of several American Green ZaZZZ automated machines resulting from last week's unveiling in Avon, CO on April 12, and it will be placed at the Doctors Orders Denver dispensary. We are very happy to be working with one of Colorado's premier medical and adult-use marijuana dispensary groups." According to Josh Bartch, Doctors Orders' president, "I believe that the ZaZZZ American Green Machine will fit perfectly in our environment and can be easily and securely operated by our customers. I'm very excited that we will be the first dispensary in Denver to use what we believe will be a revolutionary machine."
Planda (OTCQB: PLPL), a producer of highly bioavailable plant extracts for industries including health, wellness, nutraceutical, and pharmaceutical, recently announced that it has received approval from the Ethics Committee at North West University in Potchefstroom, South Africa to commence a human clinical trial to test the oral bioavailability of its Phytofare™ Catechin Complex. Phytofare™ is the trade name for live plant material extracts that have undergone the Company's proprietary hydrodynamic sheering process to rearrange the isomeric configuration of the molecules into a format biocompatible with human tissues. The study will compare the oral bioavailability -- meaning the level of catechin absorption into the blood stream -- of Phytofare™ compared with green tea extracts that have not been processed as well as Phytofare™ that has subsequently been further entrapped in Pheroid®.
Nuvilex, Inc. (OTCQB: NVLX) recently announced it could obtain accelerated FDA approval of its pancreatic cancer treatment if it can produce the same strong results in an announced Phase 2b clinical trial that were produced in two separate Phase 1/2 trials using the combination of the Cell-in-a-Box® technology with the anticancer drug ifosfamide. The market may want to start connecting the dots with this international biotech because as Nuvilex releases each piece of its story, the path is leading to more and more impressive hands guiding Cell-in-a-Box® and Nuvilex right to the FDA's door. In fact, given pancreatic cancer is so deadly, it could be sooner rather than later that the medical community becomes familiar with the company in one form or another.
Latteno Food Corp. (OTC Pink: LATF) recently announced the recent acquisition of Orange County, CA based DMND, Inc. that operates under the Diamond Grove Delivery (DGD) banner. DGD, based out of Anaheim, CA, has successfully signed up over 200 active MMJ patients with daily delivery service to various Orange County, California cities. In addition to DDGD patients list, Latteno inherits several thousand Instagram and Facebook friends/clients, greatly increasing Rx Harvest Collectives' market reach. The Company plans immediately to consolidate operations with Diamond Grove Delivery, including adding DGD's products and services to its current offering; thereby greatly expanding the potential revenue sources. Additional products and services are currently under development and will be introduced over the following weeks.
MediSwipe, Inc. (OTCQB: MWIP), a fully reporting company on the OTCQB, a leader in Compassionate Care Technology and indoor/outdoor agricultural solutions for the medicinal marijuana industry, recently announced that the Company unveiled its MontBlunt Brand (http://www.montblunt.com) for the 4th annual Cannabis Cup in the Mile High city of Denver, Colorado. Though the date of April 20th, or 4/20 has long been observed in Colorado, this is the first celebration since recreational sales of marijuana became legal here on New Year's Day. Previous years only allowed medical patients, but since marijuana is now legal in Colorado, this is the first time the event was open to all adults 21 and older. Thousands waited to partake in Cannabis Cup Denver. The sold out event stipulated that no selling of marijuana was allowed but smoking was permitted in designated areas. Organizers estimated about 37,000 people were in attendance at the event through the weekend -- more than double last year's record.
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