Western Sierra Mining Corp (OTC WSRA) Announces Acquisition of Hemp Operation
26 September 2018 - 12:42AM
InvestorsHub NewsWire
This 111-year-old mining company is reinventing itself as a
multifaceted revenue producer by applying and expanding its
$40,500,000 water rights’ assets. The beneficial uses of its water
rights include growing industrial hemp, manufacturing CBD products,
and undertaking related eco-friendly, high-yield, projects.
An agreement is now in place for Western Sierra to acquire 100%
of Western Colorado Farming Initiatives, LLC as a wholly-owned
subsidiary. For nearly a year, Western Colorado Farming Initiatives
has been building its operation to cultivate hemp, extract CBD oil
using state-of-the-art CO2 technology, and formulate and produce
high-quality CBD products. The initial industrial hemp crop of more
than 15 acres will be harvested beginning in October 2018. The CO2
extraction lab is fully operational, and post-processing laboratory
methods have been developed. Wellness products, supplements, and
beverages are now being produced.
Western Sierra’s investment and distribution partners, XYZ
HEMP, Inc. (presently GRPS)
and RushNet, Inc. (RSHN)
are working in concert with Western Sierra to expand product lines
to meet the demands of the growing distribution network available
to these companies. Photographs will be available for the next
press release on 9-27-18. Pre-harvest video footage now in
production will follow.
Safe Harbor Statement:
This release includes “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. Such
statements include any that may predict, forecast, indicate, or
imply future results, performance or achievements, and may contain
the words “estimate”, “project”, “intend”, “forecast”,
“anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”,
“should”, “could”, “would”, “may or similar words or expressions.
Such statements are not guarantees of future performance and are
subject to risks and uncertainties that could cause the company’s
actual results and financial position to differ materially from
those in such statements, which involve risks and uncertainties,
including those relating to the Company’s ability to grow. Actual
results may differ materially from those predicted and any reported
should not be considered an indication of future performance.
Potential risks and uncertainties include the Company’s operating
history and resources, economic, competitive, and equity market
conditions.
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