BOGOTA, Colombia, Oct. 24, 2014 /PRNewswire/ -- New Colombia Resources, Inc. (OTCQB: NEWC) ("New Colombia or the Company"), a U.S. company with coal and other resource assets in Colombia, is pleased to announce their Colombian subsidiary, Sannabis S.A.S., has legally produced a trial run of cannabis based products on an Indian reservation. The Sannabis brand is a registered trademark of Sannabis S.A.S., a joint venture between New Colombia Resources and Juan Paolo Guzman with members of the TOEZ Indian Reservation in Caloto, Norte del Cauca, a region known for the most sought after medicinal Cannabis strains in the world.
Members of the tribe in association with Mr. Guzman have been producing the Sannabis brand of cannabis based medical products for over 2 years. Mr. Guzman is a respected member of the Colombian Medical Cannabis Community for over 20 years, spearheading a movement to medically accept Cannabis in Colombia that has little opposition.
Follow Sannabis on Facebook at https://www.facebook.com/sannabis.cannamedicinal.
Their new website, www.sannabis.co will be operational soon.
New Colombia Resources is very pleased to work with the TOEZ tribe to bring these life improving products to market. Last week Sannabis produced over 700 topical products to distribute to patients in despair. Sannabis is setting up a pharmaceutical grade production line on the TOEZ reservation. They are bringing U.S. technology to this growing sector, first by purchasing machinery to make essential oils and resins which are manufactured into therapeutic medicines on the Reservation, then by documenting patients for eventual FDA or INVIMA approval of a pharmaceutical product.
Sannabis has been overwhelmed by the interest of potential distributors in all parts of Colombia. They have back orders that need to be filled. Sannabis is producing a "Made in Colombia" topical cannabis medical product for worldwide distribution through infomercials. Sannabis will continue to legally produce over the counter natural therapeutic products while following protocols to develop a pharmaceutical product.
New Colombia Resources and Sannabis were invited by Senator Juan Manuel Galan to attend a forum yesterday in the Colombian Senate titled "Use of Medical Marijuana: From Myth to Evidence." Panelists included representatives from the Ministry of Justice, Ministry of Health, Drug Agency, Universities, and others. All of the participants gave passionate opinions in favor of regulating medical marijuana as a legitimate medicine. One went as far as to suggest a new "National Cannabis Agency."
The final and most meaningful comments came from the mother of Jacobo, a 3 year old boy with Epilepsy, who said no matter what the regulators say or do, her "duty as a mother comes first." Like many children around the world with epilepsy, daily seizures along with prescribed medications that weren't working, prevented Jacobo from enjoying his childhood. A cannabis based medicine has allowed him to live a happier seizure free life.
Sannabis has developed a high CBD, low THC medicine for children with Dravet Syndrome. Some of their patients have avoided moving to Colorado because of Sannabis; other parents can't afford their products. Sannabis is developing a program for willing parents that can afford the medicine to subsidize those that can't.
"I'm ecstatic about bringing a team of experts from the U.S. and Canada to help Indian reservations develop sustainable hemp and cannabis industries, all while helping patients that before had no hope. Just like the mining industry, there are ideal conditions and a low cost of production. In Colombia the market for medical products in general is growing by the minute. It's a perfect time to market new therapeutic products, especially when they work like no other," stated John Campo, President of New Colombia Resources Inc.
Additionally, New Colombia expects approval of their environmental permit within days. As soon as the permit is approved they will begin to move material. The Company will issue a more detailed release on their mining operations at a later date.
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining, African palm distribution, and traditional and organic coffees. They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 MM tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. In April 2014, they announced their intentions to enter the legal medical cannabis industry in Colombia. Once the necessary financing is obtained, the Company plans to have additional revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia. For more information on the Company visit www.newcolombiaresources.com.
Transportation, Logistics and Other Information
New Colombia Resources intends to sell their coal at the mine's gate unless they enter into off-take agreements. Upon proper financing, the Company plans to build or acquire river or rail loading facilities on the Magdalena River close to their mines. The coal will be trucked to these distribution centers, and then barged via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta, or Cartagena for export. Initially they will use existing logistics providers while their transportation projects are being developed. After the rail projects and the "Road to the Sun" project are completed, New Colombia Resources will have one of a few metallurgical coal mines in the World with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
New Colombia Resources, Inc.
New Colombia Resources, Inc., mining subsidiary
Cia. Minera San Jose Ltda.
Kra. 3 # 2-5
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SOURCE New Colombia Resources, Inc.