QED Connect, Inc. Acquires Medical Marijuana Company: Emerald Med Farms
30 April 2014 - 12:00AM
Marketwired
QED Connect, Inc. Acquires Medical Marijuana Company: Emerald Med
Farms
MANCHESTER, NH--(Marketwired - Apr 29, 2014) - Management of QED
Connect, Inc. (OTC Pink: QEDN) (PINKSHEETS: QEDN) today announced
the acquisition of Emerald Med Farms, LLC, a California based
medical marijuana company. The company will be a wholly owned
subsidiary of QED Connect, Inc.
Emerald Med Farms is a newly launched enterprise that
cultivates, harvests cannabis for the medical marijuana industry
with a business philosophy to be the "Cannabis Purveyors of the
Highest Quality". They have developed an exceptional
methodology of employing a continuous sterile environment during
all stages of operations to ensure that the product maintains the
upmost quality and purity. Their facilities will be
state-of-the-art utilizing multi-state proven methods to produce
the highest of quality medical cannabis. Emerald Med Farms
management and key personnel have a successful track record
including a Master Grower with over 27 years of experience in
California with both inside and outside growing for all styles of
plant and vegetation. The company has also built a strong network
of industry professionals ranging from research facilities to
individual scientist from around the globe to support their
endeavors. The Company operations are in full compliance to the
medical marijuana California Co-Operative. The Co-Op maintains a
roster of registered patients under "right to grow" which defines
the number of plants per patient per script.
After extensive research by its founders, it was determined that
the best locations for the company to conduct its business was
Mendocino County California not far from the Russian River's prime
growing region. Mendocino County has a wide range of mesoclimates
(the distinct climate conditions of a specific area, specifically
as experienced by a vineyard site) that are influenced by the
county's diversity in climatic and geography. The region is rich in
agriculture history to include nearly 40 wineries, and is ideal for
Emerald Med Farms to grow cannabis. The Company is finalizing its
arrangements for the primary operations site (growing, harvest,
drying, production of products) on 300 acres that are unique as it
has extensive natural spring fed wells. This is a key element in
producing high quality harvests.
The Company is currently in production of its first phase of its
development plan. They began its operations early this year to be
in position to benefit from a full year growing season. The
products are distributed through a Cooperative of California
medical dispensaries. Please see the company's web site for
additional information: www.emeraldmedfarms.com
Medical uses of marijuana has an extensive history dating back
about 10,000 years ago. Cannabis is one of the 50 "fundamental"
herbs in traditional Chinese medicine. It is rumored that
Thomas Jefferson traded marijuana blends with George
Washington and the other founding fathers and both Jefferson
and Washington traded seeds and plants with other farmers on a
regular basis. In the 1970s, a synthetic version of THC was
produced and approved for use in the United States as the drug
Marinol.
The legalization of marijuana for both medical and recreational
uses has expanded in the last few years and the growth rate of the
U.S. cannabis industry almost doubling year over year, according to
the latest industry report (ArcView Market Research). Legal
marijuana sales in the U.S. will top $2.3 billion in 2014, up 64
percent from 2013 $1.4 billion and is projected to reach $10.2
billion by 2018. Currently there are 21 states and Washington DC
that have legalized the use of medical marijuana.
Tom Makmann, President and CEO of QED Connect commented, "We are
very excited to be entering into the medical marijuana market
place. The utilization of the cannabis or specific cannabinoids as
herbal therapy to treat disease or alleviate symptoms is
experiencing high levels of acceptance. With the acquisition of
Emerald Farms, QED believes it is well positioned to become a
leading supplier in this high growth market and expects to be
producing income within six (6) months of operations."
Steven Amato, Sr., General Manger and VP Operations of Emerald
Med Farms, added, "We have been working on our business plan for
the last few years beginning with finding an ideal location for the
farm. The relationships that we have developed will allow us to
continue to provide the latest strains and implement improved
techniques to keep Emerald Med Farms as a leading provider. By
joining QED, we are well positioned to realize our plan and expect
to see the results of our initial planting by the middle of this
year."
Under the terms of the agreement Emerald Med Farms will continue
to operate as an independent organization under the current
management as a wholly owned subsidiary of QED Connect. Emerald Med
Farms will receive 10,000,000 shares (restricted stock) of QED
Connect. Additional information of the terms of the transaction
will be released in the corporate flings.
About QED Connect, Inc. QED Connect, Inc. is a holding company
which makes acquisitions, investments, and enters into strategic
business partnerships. The Company works with organizations that
are looking for capital, management assistance, or help in reaching
their target markets to realize their true potential. QED primarily
focuses on businesses that are producing revenue and that can
expand into additional markets or sectors. QED looks beyond current
conditions such as underperformance of an existing asset due to
inadequate capital, limited development expertise or a lack of
strategic vision, and is able to recognize short and long-term
asset potential and opportunities to add value. This business model
achieves the Company's goals while expanding its overall revenue
and profits and diversifies through entry into the multiple market
segments. By helping its partners and subsidiaries realize success
the resulting growth, enhances QED's ability to increase
shareholder value. www.qedconnect.com
Safe Harbor Statement Certain statements in this press release
that are not historical facts are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements may be identified by the use of words such
as "anticipate," "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "intend," and similar
expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of QED to be materially
different from those expressed or implied by such forward-looking
statements. QED's future operating results are dependent upon many
factors, including but not limited to the Company's ability to: (i)
obtain sufficient capital or a strategic business arrangement to
fund its expansion plans; (ii) build the management infrastructure
necessary to support the growth of its business; (iii) close the
above acquisitions; (iv) competitive factors and developments
beyond the Company's control; and (v) other risk factors.
For more information contact: Tom Makmann Tel: (603) 425-8933
Fax: (561) 764-6180 Email: info@qedconnect.com
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