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Buscar Company Acquires 50% Stake in Terramer, Inc. via Stock Swap, Bolstering Sustainable Innovation with Hemp-Based Bioplastics
Buscar Company Acquires 50% Stake in Terramer, Inc. via Stock Swap, Bolstering Sustainable Innovation with Hemp-Based Bioplastics.
About this update from Buscar Company
[{"type":"text","content":"\n\n\n\nBuscar Company Acquires 50% Stake in Terramer, Inc. via Stock Swap, Bolstering Sustainable Innovation with Hemp-Based Bioplastics\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBuscar Company Acquires 50% Stake in Terramer, Inc. via Stock Swap, Bolstering Sustainable Innovation with Hemp-Based Bioplastics\nPR Newswire\nBEVERLY HILLS, Calif., April 11, 2025\n\n\n\nBEVERLY HILLS, Calif., April 11, 2025 /PRNewswire/ -- Buscar Company (OTC: CGLD), a diversified holding company focused on natural resources and sustainable energy, today announced the acquisition of a 50% stake in Terramer, Inc., a pioneer in hemp-based bioplastics, through a strategic stock swap transaction. This move marks a significant step in Buscar's diversification strategy, blending its expertise in resource development with cutting-edge green technology to address the global plastic pollution crisis.\n\nTerramer, Inc. is the developer of TERBO-1000, a proprietary hemp-based bioplastic that is 100% biodegradable within 180 days and leaves no microplastic residue. With a 350,000 sq. ft. production facility capable of producing 300 million pounds annually, Terramer is poised to disrupt the $44 billion bioplastics market. The company has already secured $6.8 million in agreed purchase orders and over $80 million in signed letters of intent (LOIs) from the major household brands\nDriving Sustainability Through Hemp InnovationUnder this partnership, Buscar and Terramer plan to accelerate the development and commercialization of TERBO-1000, leveraging industrial hemp to produce scalable, compostable plastics for industries including packaging, food service, automotive, and construction. The collaboration aligns with Buscar's vision of integrating sustainable technologies into its portfolio while capitalizing on the demand for eco-friendly alternatives to petroleum-based plastics.\n\"Acquiring a significant stake in ...