Verde Media Group, Inc. Analyst Report: Emerging Player Exposed to High Growth Legal Cannabis Industry - Expansion Underway With New Biotech Division
NEW YORK, April 16, 2014 /PRNewswire/ -- Verde Media Group, Inc. (OTCBB: VMGI) has recently expanded its scope of operations beyond its Entertainment Division by creating a Biotech Division and made a number of announcements addressing the legalized cannabis market opportunity.
Legalized cannabis could easily be a multi-billion dollar revenue opportunity over the next several years and VMGI has positioned to participate in the upcoming boom. The Company's technology division, VMBD, will develop platform technologies for extracting highly purified forms of cannabis-based phytocannabinoids products, including D9 tetrahydrocannabinol (THC) and cannabidiol (CBD). VMBD will develop the derivative and ester forms of THC for increased potency and their use in different delivery systems, including sublingual, inhaled dosage forms and blending with food products.
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