PODWERKS Enters Talks with China's Top Industrial Hemp Company for Exclusive United States Joint Venture Project
03 July 2017 - 10:45PM
InvestorsHub NewsWire
KUNMING, CHINA – July 3, 2017 - InvestorsHub NewsWire - Santo
Mining Corp. dba PODWERKS (the "Company"),
(OTCBB:SANP)
a pioneering and first-of-its-kind cannabis coworking space and
ecosystem for cannabis entrepreneurs in the U.S., has entered into
talks with China’s only government authorized and leading
industrial hemp company, Yunnan Industrial Hemp Inc.; to discuss
exclusive joint venture projects for the United States.
Currently on a 10-day trade mission to China’s southwestern Yunnan
Province at the invitation of Yunnan Industrial Hemp, Podwerks’
co-founders Frank Yglesias and Matt Arnett have been meeting with
high level executives and touring the facilities to get a first
hand look at the array of hemp and cannabidiol (CDB) products being
produced in China.
The long-awaited trip and meeting between PODWERKS and the Yunnan
Industrial Hemp, underscores the importance of American firms
partnering up with foreign-based companies at the forefront of
research and technological development of hemp/cannabis
byproducts. “We look at a country like China where no one
would expect a big hemp industry, but the fact of the matter is
China is quickly outpacing the U.S. in hemp related R&D and
patents.” says Podwerks Co-Founder and CEO, Frank Yglesias. “This
trip to Yunnan has really been an amazing opportunity to sit down
with the Chinese and discuss a framework on how we can together
provide more affordable CBD healing and hemp products to patients
and consumers in America.” added Yglesias.
The popularity of CBD products has been on the rise in western
countries thanks to the many miracle healing testimonials
highlighting its medical benefits against various illnesses such as
chronic pain and the more serious ones like epilepsy, a
neurological disorder. As more and more states in the U.S.
pass legislation to legalize medical marijuana, CBD sales are
expected to skyrocket, and by 2020 reach an estimated $2.1 billion
in sales.
“We’re are honored to have a leading American company visit us in
China to discuss ways of cooperation in bringing our unique CBD
patented products to western markets. Here in China, we hear
so much how CBD is making positive contributions to people’s daily
lives, particularly in America. We believe together with
PODWERKS we can help bring new
CBD products at an affordable price to the average citizen.
We look forward to a long-term work commitment with PODWERKS,” summed Mr. Andy Suo,
General Manager of Yunnan Industrial Hemp, Inc.
Forming a strategic alliance between Yunnan Industrial Hemp and
PODWERKS will provide both
companies a competitive edge in the global hemp and CBD
marketplace. PODWERKS will benefit greatly
from the only organic hemp farm in China, an area of more than two
kilometers of planted certified organic hemp with a capacity to
produce more than a ton of CBD oil, while Yunnan Industrial Hemp
will gain access to new international markets.
“Today is a good day in U.S.- China Hemp relations,” added Matt
Arnett, Podwerks Co-Founder and Chief Community Officer, also
taking part in the trade mission. “We have some big things
planned in the coming months back home and here in China with
Yunnan Industrial Hemp. We realize we can’t do it
alone, so we look forward to getting other businesses and auxiliary
partners in our PODWERKS ecosystem involved,”
emphasized Arnett.
About Yunnan Industrial Hemp Inc.
(www.cnhemp.com)
Yunnan Industrial Hemp Inc. (founded in 2001), a wholly-owned
subsidiary of Yunnan Hanpu Health Products Co., Ltd., is currently
China’s only government authorized institution that can plant,
process and deal in industrial hemp products in a large scale and
is China’s first enterprise exclusively engaged in the development
of industrial hemp. They specialize in the development, research,
breeding, planting, industrialized production and marketing of
industrial hemp.
PODWERKS, a recent
entrant to the cannabis space, has already been featured in leading
cannabis, technology and coworking trade publications such as
Leafly, Tech.Co and All Work; for its unique community driven
workspace and continued efforts in positioning young entrepreneurs
and start-ups at the forefront of cannabis innovation.
About PODWERKS
(www.podwerks.com)
PODWERKS is a co-working space
for cannabis entrepreneurs in the United States, providing the
necessary framework to grow, market, and sell all cannabis related
products. Our aim is to create a sustainable and community driven
workspace by providing an affordable, scalable and a safe business
environment for our tenants. All Podwerks spaces will feature three
types of pods:
1-Growing pods o Nursery, Production and Drying
2-Office Space pods o Desk space, Wi-Fi, printers, copy machines,
meeting rooms
3-Retail Space pods o Coffee Shop, Hardware Supply Shop, Co-op
Shop
PODWERKS spaces will be located
in urban designated zones permitting the commercial cultivation,
and sales of cannabis related products. Each site will have an
average of ten modified steel shipping container pods with an
onsite manager overseeing day-to-day operations. Working with local
and state agencies, Podwerks container pods will comply with all
building code requirements to ensure the safety of our tenants.
Community is an essential part to Podwerks mission of Grow for
Life. PODWERKS tenants can benefit
from a series of social and professional events designed to foster
collaboration and create a strong and expansive community. Some of
these events will include speaker series, investor panels and local
governments outreach, among others.
PODWERKS is a division of Santo
Mining Corp, a publically traded company in the Over-the-Counter
(OTC) market. It currently trades under the ticker symbol
SANP.
Media contacts:
PODWERKS
Mr. Matthew
Arnett
844.420.4203
media@podwerks.com
http://www.podwerks.com/
Forward Looking Statements and
Disclaimer
Statements made in this press release that express the Company or
management's intentions, plans, beliefs, expectations or
predictions of future events, are forward-looking statements. The
words "believe," "expect," "intend," "estimate," "anticipate,"
"will" and similar expressions are intended to further identify
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Company's actual activities, results or performance to differ
materially from those anticipated or projected in such
forward-looking statements. The Company cannot guarantee future
financial results; levels of activity, performance or achievements
and investors should not place undue reliance on the Company's
forward-looking statements. No information contained in this press
release should be construed as any indication whatsoever of the
Company's future financial performance, future revenues or its
future stock price. The forward-looking statements contained herein
represent the judgment of the Company as of the date of this press
release, and the Company expressly disclaims any intent, obligation
or undertaking to update or revise such forward-looking statements
to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
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release should be construed as any indication whatsoever of the
Company's future revenues or results of
operations.
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