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Vega Biofuels to Provide Biochar to Alaska’s Legal Cannabis Industry
Vega Biofuels to Provide Biochar to Alaska’s Legal Cannabis Industry.
About this update from Industry Source Consulting, Inc.
[{"type":"text","content":"\n\n NORCROSS, Ga., March 02, 2017 (GLOBE NEWSWIRE) -- Vega Biofuels, Inc. (OTCPink:VGPR) announced today that it has signed a five year Agreement to provide the Company’s Biochar to legal cannabis growers in Alaska.  The state of Alaska is the most recent state to legalize both medical and recreational cannabis use.\n The Agreement with AK Provisions, Inc. located in Anchorage is Vega’s largest single order for Biochar.  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. AK Provisions, Inc. 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.  The initial order is for 75 super sacks of Biochar.  Each super sack holds approximately 400 pounds.  Indoor grow facilities harvest their plants four times per year and start with new soil each time.  “By the pound, Biochar is much more profitable to the Company than our Bio-coal energy product and will have a noticeable impact on the Company’s bottom line.  The products are similar but each has its own unique qualities,” stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc.  “We sell Bio-coal by the ton and Biochar is sold by the pound.  Growers in other states are reporting significant increases in their crop yields when using Biochar as their...