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Vega Biofuels Receives Purchase Order to begin Biochar Shipment to Alaska’s Legal Cannabis Industry
Vega Biofuels Receives Purchase Order to begin Biochar Shipment to Alaska’s Legal Cannabis Industry.
About this update from Industry Source Consulting, Inc.
[{"type":"text","content":"\n\n NORCROSS, Ga., March 08, 2017 (GLOBE NEWSWIRE) -- Vega Biofuels, Inc. (OTCPink:VGPR) announced today that it has received the first Purchase Order from the Five Year Agreement previously announced to provide the Company’s Biochar product to legal cannabis growers in Alaska. The state of Alaska is the most recent state to legalize both medical and recreational cannabis use.\n Vega Biofuels recently announced that it had signed a Five Year Agreement to provide the Company’s Biochar to AK Provisions, Inc., located in Anchorage. Biochar is a highly absorbent specially designed charcoal-type product primarily used as a soil enhancement for the agricultural industry to significantly increase crop yields. Biochar offers a powerfully simple solution to some of today’s most urgent environmental concerns. The production of Biochar for carbon sequestration in the soil is a carbon-negative process. Biochar is made from timber waste using torrefaction technology and the Company’s patent pending manufacturing machine. When put back into the soil, Biochar can stabilize the carbon in the soil for hundreds of years. The introduction of Biochar into soil is not like applying fertilizer; it is the beginning of a process. Most of the benefit is achieved through microbes and fungi. They colonize its massive surface area and integrate into the char and the surrounding soil, dramatically increasing the soil’s ability to nurture plant growth and provide increased crop yield. This first order will be used by AK Provisions, Inc. at its own facility currently under construction in Anchorage. AK Provisions plans to use Vega’s Biochar in its own grow facilities, as well as market the product to other growers throughout the state of Alaska through a reseller agreement with Vega Biofuels. “We are happy to provide our product to the booming cannabis business in Alaska,” stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. “When mixed with normal soil, our Biochar product provides the perfect environment for any agricultural crop, not just cannabis. We plan to expand the reseller model to other states where we’ve had interest from growers. You can’t argue with the results. Biochar holds valuable nutrients in the soil instead of washing them away when watering, and then releases the n...