BARRANQUILLA, Colombia, July 20, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (OTC: NEWC), a Colombian company listed in the U.S., is pleased that Sannabis SAS, their Medical Marijuana joint venture, continues to make headlines. Sannabis products were showcased at an inaugural event for Caucannabis, Colombia's first medical marijuana co-operative that includes 52 Indigenous families that will legally grow medical marijuana. Caucannabis was formed by mayors of the Department of Cauca, home to Sannabis and Colombia's largest marijuana growing region, where 50% of the nation's marijuana is grown. The inauguration made major headlines due the visit from Colombia's Ministers of Justice and Health who support this co-operative. To see all the press Sannabis is getting, visit the News page of their new and improved website, http://www.sannabis.co/#!blog/csjb/
Sannabis has been growing medical marijuana and producing high quality, organic products in Cauca since 2014. In April they hosted the mayors of the Cauca Department at their facilities to be used as a model for the co-op. Sannabis is increasing their production to satisfy the demand for medical marijuana medicines, the addition of the co-op will add to the Sannabis supply chain. The Sannabis portfolio of medical products has a first to market advantage which is causing huge international demand and Sannabis is fielding interest for their products from all over the World. "We expect to be the first ones with significant products to export that are Made in Colombia, we have experts in marijuana cultivation from Colorado and Washington on their way to Cauca by the end of the month to teach the indigenous community U.S. techniques and vice versa," stated John Campo, President of New Colombia Resources, Inc.
New Colombia Resources' President John Campo was interviewed by Stock Traders Talk Radio; an archived recorded version can be found on the homepage of Stock Traders Talk at http://www.stocktraderstalk.com. Stock Traders Talk Radio is an uncensored, comprehensive approach to disseminating vital facts about public companies trading on the OTC Markets.
New Colombia Resources filed their preliminary financial statements in an 8K with the Securities and Exchange Commission (SEC) while they complete their audited reports. These statements do not include information on their foreign subsidiaries, these will be consolidated in the audited report to be filed 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 expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit http://www.sannabis.co. For more information on the Company visit http://www.newcolombiaresources.com.
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 might 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.
SOURCE New Colombia Resources, Inc.