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Verde Media Group Inc. Biotech Division to Outsource Medical Cannabis Oil Production In Asia
Verde Media Group Inc. Biotech Division to Outsource Medical Cannabis Oil Production In Asia.
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[{"type":"text","content":"\n\n\n\nVerde Media Group Inc. Biotech Division to Outsource Medical Cannabis Oil Production In Asia\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.prnml{\nTEXT-ALIGN: left; WIDTH: 100%\n}\n\n\n\n\n\n\nVerde Media Group Inc. Biotech Division to Outsource Medical Cannabis Oil Production In Asia\nPR Newswire\nBOSTON, May 8, 2014\n\n\n\n\n\n\n\n\n\nBOSTON, May 8, 2014 /PRNewswire/ -- Verde Media Group Inc. (OTC: VMGI) and its Biotech Division (\"VMBD\") announce they have entered into negotiations for an overseas contract and ongoing joint venture in Asia to produce Cannabidiol oils \"CBD\" using select strains of Cannabis. The contract will be a joint venture with Phoenix Energy \"PXE\" that will co-finance 50% of the project cost. Using proprietary technologies developed by VMBD, highly concentrated CBD oil will be extracted and prepared for importation and distribution to the wholesale market. \n\n\nCBD is a non-psychotropic phytocannabinoid that can be blended in food products for realizing medical benefits such as chronic pain treatments, cancer pains and neuro-protection for those afflicted by multiple sclerosis and epilepsy. The joint venture would use these selected strains highly concentrated in CBD and is expected to produce $5M revenues per annum. \n\nDr. Abidi, Ph.D. CEO of VMBD stated, \"The oversea joint venture will complement our plans for US based production of Cannabis enriched CBD oils. We anticipate scaling the initial 20,000 sq. ft. facility to 500,000 sq.ft. in a few years to match the demand with linear increase in revenue output.\" \n\nAbout Verde Media Group Inc.\n\nVerde Media Group Inc. is a publicly traded company listed on the OTC Markets trading under the stock symbol: VMGI. Verde Media Group Inc.  The company is consists of three divisions:\n\nAgency Division-  The innovative Agency division services- public relations, marketing, and transaction functions for corporate clientele.  The agency is rapidly expanding its business in the Denver, Colorado. \n\nBioTech Division- The VMBD division undertakes the business of developing and pro...