Business
FBC Transfers Hemp Interest Between Divisions, From Agriculture to Interactive, to Leverage Health & Wellness Sales Success
FBC Transfers Hemp Interest Between Divisions, From Agriculture to Interactive, to Leverage Health & Wellness Sales Success.
About this update from Fbc Holding, Inc.
[{"type":"text","content":"\n \n \n FBC Transfers Hemp Interest Between Divisions, From Agriculture to Interactive, to Leverage Health & Wellness Sales Success\n \n \nFBC Transfers Hemp Interest Between Divisions, From Agriculture to Interactive, to Leverage Health & Wellness Sales Success\n\nOn Heels of FBC's Health & Wellness Product Exceeding Sales Targets, FBC Looks to Focus Efforts; Hemp & Cannabis Products Now Centered on Pain Management\n\n \n NEW YORK, NY--(Marketwired - Jun 24, 2014) - FBC Holding, Inc. (PINKSHEETS: FBCD) (\"FBC\" or the \"Company\") an international product development Company primarily focused on license/creation management and product sales/distribution through DRTV, announced that the Company will transfer its interest in the hemp and cannabis space, from its Agriculture division to its successful Interactive division -- focusing mainly on developing additional products for the Heath & Wellness segment; with an emphasis on pain management products. \n \"The success of our copper based, technology fabric compression sport sleeve, has opened the door to explore other opportunities within the health and wellness industry,\" said Frank Russo, President of FBC Holding. \"It is commonly known that hemp and some cannabis derived medicines and nutraceuticals have been used and/or prescribed for pain management. We plan to take resources that were originally allocated to our agricultural division, and redeploy them to focus on our Interactive Division's health and wellness segment; actively growing its pipeline of pain management products.\" \n The Company originally expanded into the Hemp markets with the expectation of developing and acquiring products that would align with the primary business model. After closer evaluation, management found that the cost to procure and develop various hemp related agricultural prospects was a style drift from the current working model. It was also deemed much less economical when compared to those opportunities in health and wellness -- where the Company's sales are currently flourishing. FBC has already determined its primary direction as it relates to hemp and researching those pain management products incorporating cannabis. The Company is currently in talks with several groups to research and produce, focused pain management related products that are topical,...