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USEI Announces that it has Purchased its First MRX 20L CO2 Extraction Unit to be Utilized in California's Legal Cannabis Industry
USEI Announces that it has Purchased its First MRX 20L CO2 Extraction Unit to be Utilized in California's Legal Cannabis Industry.
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[{"type":"text","content":"\n \n \n USEI Announces that it has Purchased its First MRX 20L CO2 Extraction Unit to be Utilized in California's Legal Cannabis Industry\n \n \nUSEI Announces that it has Purchased its First MRX 20L CO2 Extraction Unit to be Utilized in California's Legal Cannabis Industry\n \n SANTA CLARITA, CA--(Marketwired - Nov 27, 2017) - USEI CANNABIS Initiatives CORP, a wholly owned subsidiary of US ENERGY INITIATIVES CORPORATION, INC. (OTC PINK: USEI) is a California based company is pleased to announce it has purchased its first MRX 20L Super-critical CO2 Botanical Extraction Unit to be used for the express purpose of participating in the California cannabis industry. On January 1, 2018, California (the largest black market for cannabis in the world) becomes the largest legal cannabis market in the world...with an estimated market of approximately $6.8 billion dollars. This unit is the first of many that will be procured in 2018 to help provide our California's industry with this vital extracted resource...that is contained in a wide range of cannabis products. This oil is the most significant product produced in this legal industry...and the most profitable sector of this industry.\n According to Anthony Miller, CEO, \"we have just raised over $220,000 in capital to begin our new venture, a strategic partnership with certain cannabis acute investors and USEI is the majority partner and USEI's management and staff will operate the venture on a daily-basis in the Los Angeles area. We have gone to great lengths to develop a venture for the Company that is not dilutive to the share structure of USEI...we have had many offers for capital that would have flooded billions of additional shares of stock into the marketplace; and we resisted that urge to procure capital that would have dramatically increased our share structure.\n \"Two weeks ago, we purchased our first MRX 20 Liter Supercritical CO2 Xtractor and our goal is to acquire 2 more units in 2018. These devices require 9-18 pounds of cannabis daily (500 pounds per month) and we plan to place the second unit on line in January or February or, as soon as, we can secure a supply chain of feed-stock. Management will examine acquiring a 100 Liter unit if sufficient feedstock and the demand requires it. The MRX technology is arguably the best available cannabis extraction device on the pla...