Stevia Corp. Signs Consulting Agreement for Identification and Extraction of Cannabinoids From Cannabis
February 26 2014 - 6:44AM
Marketwired
Stevia Corp. Signs Consulting Agreement for Identification and
Extraction of Cannabinoids From Cannabis
Company Uses Proven Chemistry to Extract Cannabinoids and
Achieve Consistent Targeted Results With Aim to Develop First Major
Brand in the Cannabis Industry
INDIANAPOLIS, IN--(Marketwired - Feb 26, 2014) - Stevia Corp.
(OTCQB: STEV) ("Stevia Corp" or the "Company"), a farm management
company focused on the economic development of products that
support a healthy lifestyle, including stevia and hemp, is pleased
to announce the signing of a farm management and technology
agreement with ebbu LLC ("ebbu") of Arvada, Colorado.
Recently featured during a prime time interview on the Varney
& Co. segment on Fox Business News
(http://video.foxbusiness.com/v/3146801264001/marijuana-startup-offers-chill-energy-and-giggle-brands/),
ebbu utilizes chemistry and proprietary formulations to deliver
consistent dosages of identified cannabinoids resulting in
consistent emotional feelings or moods by the user. By
branding the various moods, such as 'Chill' or 'Giggles' the
products are easy to understand and all the consumer needs to know
is how they want to feel.
With expertise developed while working with the stevia plant and
applying proprietary processes to breed and extract the plant's
medicinal properties for use in feed additives, Stevia Corp will
work with ebbu to scale commercial extraction of identified
cannabinoids. Extraction is the crucial first step in the analysis
of medicinal plants and the production of targeted products.
Proprietary processes then isolate the desired compounds to achieve
purity, quality, consistency and effectiveness. The resulting
compounds can then be used in a range of products from foods to
cosmetics to pharmaceuticals. Scaling the extraction process from
prototype to commercial operation requires specialized knowledge
and skill that Stevia Corp will provide to ebbu.
The cannabis plant produces many chemical compounds called
cannabinoids. There are more than 85 different cannabinoids
that have been identified and isolated from the cannabis plant that
exhibit varied effects and many of these are now being studied for
their medical properties. ebbu's proprietary processes will
enable it to cost effectively isolate and purify targeted compounds
enabling ebbu to both formulate its own retail brands as well as
become a major supplier of purified compounds to the medical
industry and others.
George Blankenbaker, Stevia Corp President, comments, "Many
people don't realize that the stevia plant is also a medicinal herb
and we focus on extracting stevia's medicinal properties to
formulate feed additives. Our technologies and experience have
synergistic application for the cannabis industry and while current
federal and most state regulations prevent us from participating in
the industry, it is our goal to position the company to take
advantage of the shifting regulatory landscape where
possible. We have been looking for a company in the cannabis
industry that will be an industry game changer. When we
discovered ebbu, it was a natural fit."
Dooma Wendschuh, ebbu CEO, comments, "We are very impressed with
Stevia Corp's knowledge of the industry and expertise in agronomics
and extraction technologies. We look forward to working with
Stevia to further develop and commercialize our technology."
Further details of the Company's business, finances,
appointments and agreements can be found as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934, as amended, filed with the
Securities and Exchange Commission's ("SEC") EDGAR database. For
more information visit: www.steviacorp.us.
About Stevia Corp. (OTCQB: STEV) Stevia Corp. is a farm
management company focused on developing high value products
through proprietary plant breeding, excellent agricultural
methodologies and innovative post-harvest techniques. For more
information visit: www.steviacorp.us.
About ebbu ebbu uses cutting-edge chemistry to offer top-quality
branded marijuana products which allow individuals to customize
their high, according to how they want to feel. ebbu products are
reliable, consistent, intelligently labeled and designed to make
purchasing decisions simple and fun. For more information
visit: www.ebbu.com.
About the Cannabis Industry Sector The cannabis plant has a
history of use dating back thousands of years across many cultures
and the plant produces 483 known compounds which include more than
85 cannabinoids. Various strains of the plant have been
selectively bred for specific purposes. Industrial Cannabis
(hemp) is grown primarily for fiber, seed and seed oils; Medicinal
Cannabis is grown for its constituent cannabinoids as medical
therapy to treat disease or alleviate symptoms; Recreational
Cannabis is bred to produce high levels of tetrahydrocannabinol
(THC) for its psychoactive properties.
In 2004, the United Nations estimated that global consumption of
cannabis indicated that approximately 4% of the adult world
population (162 million people) used cannabis annually, and that
approximately 0.6% (22.5 million) people used cannabis
daily.
Food and fiber uses for industrial hemp are growing rapidly and
have increased over 300 percent, to an estimated 25,000 products,
in the past few years. Much of that growth is coming from the
increased sales of hemp food products.
About the Stevia Industry Sector Within two years of the USA
market opening, Nielsen-based retail consumption data indicated
almost $1 billion of retail sales for the sector. In 2010, stevia
products were launched across thirty-five countries and in 38
categories. The World Health Organization (WHO) estimates that
stevia could replace 20-30% of all dietary sweeteners. For more
information visit: www.steviacorp.us.
Notice Regarding Forward-Looking Statements This news release
contains "forward-looking statements" as that term is defined in
Section 27A of the United States Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things,
working with ebbu to scale commercial extraction of identified
cannabinoids and seeking opportunities in the cannabis industry.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
new projects and development stage companies. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that any beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
any such beliefs, plans, expectations or intentions will prove to
be accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact: Investor Relations Email: ir@stevia.co Tel:
+1-888-250-2566 Web: www.steviacorp.us
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