XTRM Cannabis Ventures Emerging as Strong Player in Burgeoning Marijuana Industry
February 18 2014 - 5:30AM
Access Wire
New York, NY / February 18, 2014 / ACCESSWIRE
/ Extreme Biodiesel, Inc. (OTC Pink: XTRM) may have just
entered the marijuana industry in 2014 with its wholly owned
subsidiary, XTRM Cannabis Ventures, but it’s already emerging as a
company that will have a significant footprint in the arena.
The company’s timing is impeccable as a number of recent moves by
the Obama Administration and legislators in Washington dramatically
favor both Extreme Biodiesel and XTRM Cannabis’s business
plans.
Extreme Biodiesel is actually a natural fit in the cannabis
industry with its mission to provide a cost-effective, high-quality
alternative diesel fuel, create "green" jobs, reduce the
environmental impact of fossil fuels and diminish U.S. reliance on
foreign oil. So, to further expand its model to accommodate a
strong focus on medical marijuana, cannabis and hemp related
products, should be a smooth transition for the company. It’s
a transition that will be made easier with recent language in
Washington, D.C. changing dramatically.
Executives at the company admit they are positioning XTRM
Cannabis to be a leader in the cannabis space, and unlike many
companies in the industry, Extreme Biodiesel’s subsidiary has a
well thought out business plan that expects to highlight a number
of lucrative possibilities for the company’s investors. Soon
after announcing its arrival in the industry, the company opened
escrow on a 40 acre parcel of land in California which it plans to
use to cultivate hemp and marijuana. The initial plans also
call for the construction of a massive indoor grow facility.
XTRM Cannabis Ventures stated that it would like to develop the
40 acres to house up to five 20,000 square foot warehouses for
indoor cannabis (marijuana) plant growth, 20 acres for outdoor hemp
cultivation for biodiesel, and an industrial center to process the
marijuana/cannabis into smokeless products. The company’s
President, Joseph Spadafore, said in a recent release that XTRM
Cannabis is in the process of consulting with leading horticulture
and farming experts to ensure the entire property is utilized
properly for maximum benefits in this endeavor.
Two recent announcements out of the nation’s capital should
prove beneficial to both Extreme Biodiesel and XTRM Cannabis.
First, President Obama signed a $1 trillion Farm Bill earlier this
month that legalizes the cultivation of hemp in 10 states including
California where the company calls home. The benefit of this
Farm Bill to the company and its investors is that XTRM Cannabis
just completed assembly of its first Mobile Hemp to Biodiesel
production unit. It’s a development that could prove
significant to an industry that has continued to search for more
cost-effective products to convert into biodiesel. Until
recently hemp was simply too expensive to consider for biodiesel,
but with the passage of the Farm Bill, hemp costs are expected to
decrease.
Another key event that has the marijuana industry and supporters
of legalizing medical marijuana and legitimate marijuana businesses
excited happened late last Friday when the Obama Administration
paved the way for legal banking. The guidance issued by the
Justice and Treasury departments is the latest step by the federal
government toward enabling a legalized marijuana industry to
operate in states that approve it. The intent is to make banks feel
more comfortable working with marijuana businesses that are
licensed and regulated.
For XTRM Cannabis, this is a monumental announcement especially
given the company will work directly with growing legal cannabis
and producing legal cannabis based products. Many public
companies have toiled in the industry for years waiting on more
relaxed policies and for more states to continue legalizing medical
and recreational marijuana use, but it appears that XTRM Cannabis
has timed its move into the marijuana arena perfectly, thus sparing
its investors years of frustration in this burgeoning
space.
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About Extreme Biodiesel and
XTRM Cannabis Ventures
Extreme Biodiesel is an alternative fuel and recycling company.
Our mission is to provide a cost-effective, high-quality
alternative diesel fuel, create "green" jobs, reduce the
environmental impact of fossil fuels and diminish US reliance on
foreign oil. Extreme Biodiesel is currently repositioning itself
into a holdings corporation with focuses on Bio Diesel, Real
Estate, Technology and Cannabis Sectors.
XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme
Biodiesel focused in the sector of Medical Marijuana, Cannabis and
Hemp related products.
XTRM Cannabis Ventures Disclaimer
The Company would like to assure all investors that in all
cannabis related actions the Company is conferring with counsel to
be sure any business activities are deemed legal. XTRM advises all
investors to see the website being developed
at http://xtrmcannabisventures.com/
Safe Harbor Disclaimer
Forward-Looking Statements are included within the meaning of
Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements
regarding our expected future financial position, results of
operations, cash flows, financing plans, business strategy,
products and services, competitive positions, growth opportunities,
plans and objectives of management for future operations, including
words such as "anticipate," "if," "believe," "plan," "estimate,"
"expect," "intend," "may," "could," "should," "will," and other
similar expressions are forward-looking statements and involve
risks, uncertainties and contingencies, many of which are beyond
our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. XTRM is under no obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
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