LOS ANGELES, April 9, 2014 /PRNewswire/ -- Verde Media
Group Inc., (OTC: VMGI) is pleased to announce that it has entered
into negotiations with an overseas company to produce medical hemp
products from industrial hemp (Cannabis sativa) in
Asia.
Currently, more than 30 nations grow industrial hemp as an
agricultural commodity, which is sold on the world market. In
the United States, however,
production is strictly controlled under existing drug enforcement
laws. There is no known commercial domestic production and the U.S.
market depends solely on imports.
Hemp is native to central Asia
and produces large crop output per hectare farmed with significant
economic benefits to the producers. The party that Verde is in
negotiations with operates over 5,000 hectares of land for contract
operations that can be further extended to 15,000 hectares as
required as operations expand.
The industrial hemp strains in consideration produce large
amounts of commercially valuable cannabidiol CBD with negligible
amounts of hallucinogenic delta-9 tetrahydrocannabinol (THC).
Industrial hemp with oils rich in CBD can be legally imported into
the United States.
The Verde Media Biotech Division (VMBD) has plans to
develop platform technologies for extracting highly purified
forms of cannabis-based phytocannabinoids products, particularly
cannabidiol (CBD). Verde plans to further refine and purify the
imported oils to food and supplement grade quality. Currently, the
market for CBD in health and wellness industry surpasses
US$5 billion and represents exciting
opportunity to extend the supply chains of these important
products.
William Veve, President of Verde
Media Group, Inc. stated, "The oversea contract farming plan is in
line with our production strategy for CBD using conventional and
technologically advanced microbial processes. We believe that the
availability of CBD will provide us the leverage to enter the
market with significant price margins to benefit our
shareholders."
About Verde Media Group Inc.
Verde Media Group Inc. is a publicly traded company listed on
the OTC Markets trading under the stock symbol: VMGI. Verde
Media Group Inc. The Company consists of three divisions:
Agency Division- The innovative Agency division services-
public relations, marketing, sales and transaction functions for
corporate clientele. The agency is rapidly expanding its business
in the Denver, Colorado market
that will become the largest legal retail marijuana sector.
BioTech Division- The VMBD division undertakes the business of
developing and producing high value bio-products from renewable
biomass. The focus and criterion is to develop proprietary
microbial technologies with low risk scale-up methods employing low
cost feedstock. VMBD will further develop the derivative and ester
forms of THC for increase in potency and their use in different
delivery systems, including sublingual, inhaled dosage forms and
blending with food products.
Entertainment Division- The Company operates a managed
media company with production, distribution, development, and
acquisition functions for film and television.
For more information, visit www.verdemediagroup.com, or connect
with the company on Facebook. Twitter- @Verdemediagroup
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
The results described herein cannot be guaranteed. This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E 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.
Statements in this news release other than statements of historical
fact are "forward-looking statements" that are based on current
expectations and assumptions.
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SOURCE Verde Media Group Inc.