BOGOTA, Colombia, Nov. 12, 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, through its subsidiary Sannabis S.A.S. ("Sannabis"), is pleased to add details about their Colombian hemp and cannabis business. Sannabis legally produces Cannabis based products manufactured on the TOEZ Indian Reservation in Colombia where they have gained political and media support for their innovative efforts. Sannabis and New Colombia Resources will host a Senate delegation at their facilities on the TOEZ Reservation in the coming months. A media event for the inauguration of their new installations will be hosted when build out is completed in the next 30 – 60 days. The inauguration of the new production and sales facility will follow indigenous cultural protocols.
Dr. Bob Melamede, scientific advisor to New Colombia, has a Ph.D. in Molecular Biology and Biochemistry from the City University of New York, he retired as Chairman of the Biology Department at University of Colorado, Colorado Springs in 2005, where he taught and researched cannabinoids, cancer, and DNA repair until earlier this year. He is assisting the company in building a team of world-renowned experts. Dr. Melamede, President Emeritus of Cannabis Science Inc. (CBIS), has written many articles on the body's Endocannabinoid System and its reaction to CBD's.
Sannabis S.A.S. is a 50/50 joint venture between New Colombia Resources and others, including members of the TOEZ Reservation. Sannabis is a commercial and social initiative with first mover advantage that is creating a new Hemp and Cannabis Industry in Colombia. Sannabis is documenting patients for eventual FDA and INVIMA application of a pharmaceutical product. Sannabis is operating under Colombian Government regulation based on INVIMA concept of favorable Sentence C-176 of 1994 and Colombia's Constitutional Court Resolution C-882 of 2011.
"Our goal is to grow industrial fiber hemp on our green fields atop our underground mining operations in Guaduas," stated John Campo, President of New Colombia Resources. Sannabis will work with their indigenous partners to establish a sustainable hemp industry on Indian Reservations in Colombia.
Sannabis projects their products will have 50% gross margins based on wholesale sales to distributors in Colombia and neighboring countries where export sales are allowed. They also plan to sell direct to patients at higher direct to consumer margins. Sannabis has been producing therapeutic medicines on the TOEZ reservation for over 2 years. Their current product line includes: Pure essential oil extracted from cannabis flower with steam and pure extracted cannabis flower resin. Pain Relief cream, for external use only, with essential extracts of sacred plants such as eucalyptus, pine, castor, ortiga, Nettle, tobacco, and cannabis flower. Scar and Wound Cream, for external use only, with a mixture of almond oils and cannabis seeds (omega 3, 6 and 9) with the power of medicinal plants like calendula, chamomile, and cannabis flower. Massage Oil made from an aromatic blend of almond oil and essential extracts from rosemary and cannabis flower.
Resina puraFollow Sannabis on Facebook at https://www.facebook.com/sannabis.cannamedicinal
Their new website, www.sannabis.co will be operational soon.
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 own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have pending acquisitions for 390 hectares and a solicitation contract for 184 hectare metallurgical coal concession. 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 José Ltda.
Kra. 3 # 2-52
SOURCE New Colombia Resources, Inc.