PHOENIX, Jan. 25, 2019 /PRNewswire/ -- Celexus, Inc. is proud to announce the completion of their first acquisition into the Hemp industry, Bio Distribution, Inc. With the recent passing of the 2018 Farm Bill, Celexus feels very comfortable now in entering the rapidly growing Hemp and CBD market.
Bio Distribution is in motion to become a recognized leader in the cultivation and distribution of Hemp seeds, clones and eventually, CBD oils. They currently own a nursery in Phoenix, Arizona and are pursuing the expansion of their greenhouse footprint throughout the southwest.
The facility in Phoenix is 120,000 square feet of greenhouse on 7.9 acres. The land surrounding the nursery is set up to expand the greenhouse an additional 60,000 square feet, enabling us to increase our production capacity. This facility has been set up with agricultural lighting, drip systems, storage areas, and sufficient water rights to supply our demand. Bio Distribution plans on building several more structures on the property to install Hemp dryers and extraction equipment.
This is the first step for Bio Distribution to achieve its overall goal of becoming a key supplier of high-quality strains of Hemp seeds and clones as well as the wholesale distribution of CBD oils internationally. A turnkey operation like this will allow Bio Distribution to become a full-service provider to the Hemp farmers. We can supply them seeds or clones up front and in turn purchase the harvested biomass back from them to be dried and stored until we are ready to extract the CBD oils from the biomass.
To stay in compliance with all federal and state regulations, Bio Distribution is strictly adhering to all license, cultivation and sales regulations. As announced by the Arizona State Agricultural Department, they will begin accepting applications for growing and processing Hemp in May of 2019. We want to be ready to meet the demand of the licensees for high grade, high percentage CBD Hemp seeds and clones.
Celexus, Inc. is an acquisition, management and holding company for early stage, high growth businesses, and technologies within the Hemp industry. It is the objective of Celexus, Inc. to control every aspect of the Hemp farming industry from seeds to extraction and distribution. See website, www.celexus-inc.com.
Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of 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 or 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 the Company's disclosures or filings with OTC Markets, Inc. You are further cautioned that stocks of smaller companies like Celexus are inherently volatile and risky and that no investor should buy this stock unless they can afford the loss of their entire investment.
SOURCE Celexus, Inc.