The Now Corporation to Provide Power for Planned Colorado Hydroponic Farm Through Medical Marijuana State License Regulations
26 March 2014 - 10:00PM
Marketwired
The Now Corporation to Provide Power for Planned Colorado
Hydroponic Farm Through Medical Marijuana State License Regulations
PORTLAND, OR--(Marketwired - Mar 26, 2014) - The Now Corporation
(OTC: NWPN) (the "Company" or "NOW") is pleased to announce it has
entered into an agreement to provide power for a planned commercial
hydroponics facility possibly named "THE GREEN ACRE INC" (TGA) in
the state of Colorado to be built on a land package consisting of
500 acres, contracting to use the owners' full 10,000 acres; plus
The Now Corporation will be a viable partner in earning a 50%
interest in this project growing Hemp and Medical Marijuana allowed
under the Colorado State farm bill.
Our competitor Mountain High in Colorado holds an option to
purchase nine (9) acres of land common known as the "Isabelle
Property" located at 10452 Isabelle Road, Lafayette, Colorado
80026; the Isabelle Property has been one of the largest greenhouse
marijuana grow facilities in the State of Colorado, with a total of
42,000 sq./ft. under roof (approx. 1 acre). The advanced marijuana
cultivation operation at the Isabelle Property utilizes proprietary
techniques to grow over 50 specific strains of marijuana for
medical and recreation use.
The retail marijuana market in the U.S. is estimated at
approximately $30 billion annually according to a recent cover
story in the financial publication Barron's (Barron's cover story,
June 3rd, 2013). Currently 21 states and the District of Columbia
have legalized marijuana for medicinal use, with Colorado and
Washington also approving recreational use.
The Company will provide power for the planned commercial
hydroponics facility and will pursue other companies in this
medical marijuana business providing through the installation of
exoPOWER wind turbine system. Pursuant to the letter of intent
("LOI") NOW entered into with SP Power Farm Group Ltd. ("SPpf"),
the intellectual property owner and licensor of the exoPOWER wind
turbine system, and SP Power Farm Group B.C. Ltd. ("pfBC"), the
original equipment manufacturer ("OEM") of the exoPOWER wind
turbine system, NOW will develop a mid-wind application that will
fulfill the unique requirements of the planned commercial
hydroponics facility. It is anticipated that the planned
commercial hydroponics facility will be off-grid and all power
requirements will be fulfilled by the exoPOWER wind turbine
system.
The Owner/Operator of the planned commercial hydroponics
facility will be required to secure a State license to cultivate,
harvest, process, package and distribute Hemp, for industrial
applications, along with a separate license to cultivate, harvest
process, package and distribute Cannabis for medicinal purposes,
which it plans to do so in the very near future.
Researchers discovered in the 18th century that plants absorb
essential mineral nutrients as inorganic ions in water. In
natural conditions, soil acts as a mineral nutrient reservoir but
the soil itself is not essential to plant growth. When the
mineral nutrients in the soil dissolve in water, plant roots are
able to absorb them. When the required mineral nutrients are
introduced into a plant's water supply artificially, soil is no
longer required for the plant to thrive. Almost any
terrestrial plant will grow hydroponically, and hydroponics is also
a standard technique in biology research and teaching.
One of the benefits of hydroponics is that it saves water; it
uses as little as 1/20 the amount as a regular farm to produce the
same amount of food. The water table can be impacted by water
use and run-off of chemicals from farms, but hydroponics may
minimize impact as well as having the advantage that water use and
water returns are easier to measure and monitor. This can save
the farmer money by allowing reduced water use and the ability to
measure consequences to the land around a farm.
Mr. Brian Sims President The Now Corporation Phone:
1.800.997.8477 e-mail: nwpn.exopower@gmail.com
www.thenowcorporation.net
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