Business
Enviro-Serv, Inc. Announces Additional Joint Venture Investment of $150,000 Into Processing Partnership Mason Jar Farms for Continued Vertical Integration Implementation
Enviro-Serv, Inc. Announces Additional Joint Venture Investment of $150,000 Into Processing Partnership Mason Jar Farms for Continued Vertical Integration Implementation.
About this update from Enviro-serv, Inc.
[{"type":"text","content":"\n Tampa, FL, June 09, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Enviro-Serv Inc. (USOTC: EVSV) (“EVSV”) is extremely excited to announce the company has invested an additional $150,000 with processing partner Mason Jar Farms a/k/a Flower To The People LLC. To date EVSV has invested a total of $250,000 in a joint venture with Canna Capital Development Group LLC into the Plymouth, Wisconsin premier processing group in its efforts towards full vertical integration into the Hemp space arena. Enviro-Serv, Inc. Chairman and CEO Chris Trina stated this to the investment community about Canna Capital Development Holdings LLC and our strong relationship moving forward, “Canna Capital Development Group LLC, a private investment firm, founded by James A. Reitzner was specifically created to focus in the hemp/cannabis space. Mr. Reitzner is a retired real estate entrepreneur who has been involved in growing, harvesting, processing, developing, and selling hemp products since 2018. Mr. Reitzner is the company’s largest stake holder with total direct investments into EVSV of $450,000. Canna Capital currently participates in key aspects of the cannabis industry with investments in farming, equipment, processing and medical marijuana. Canna Capital recently assisted EVSV to develop the resources to increase its involvement in the hemp/cannabis business by providing EVSV with funding to expand its presence with processing partner, Mason Jar Farms. This enabled the Plymouth, Wisconsin, processor to purchase state-of-the-art equipment used to process biomass to crude oil and also technology to remove THC from finished oil. THC is the ingredient that causes the “high” in marijuana, and is strictly regulated in most states. This procedure is essential to transform raw crude oil to a refined THC product with a value equal to seven times its crude oil origin. At today’s market prices, a kilogram of crude oil is valued at approximately $400 compared to the equivalent of THC free oil at $3000. This highly demanded form of oil is used to make numerous hemp and CBD products. All of these activities and investments will move EVSV and Mason Jar to a vertically integrated enterprise which will enable them to take hemp from soil to salable oil in one controlled and profitable process.” Mason Jar Ma...