CORAL SPRINGS, FL, Sept. 27, 2016 /CNW/ - Advanced nutrients designed to achieve genetic optimization of marijuana and cannabis plants as well as Liquid Fulvic and Humic acid innovation that has been proven beneficial in soil application or as a fertilizer component to increase the fertility of soils are producing higher quality end results for the ever evolving industry. Current industry companies making noise or achieving recent milestones in the markets are: South American Gold Corp (OTC: SAGD), American Cannabis Company, Inc. (OTC: AMMJ), Terra Tech Corp. (OTC: TRTC), Medical Marijuana, Inc. (OTC: MJNA) and Greengro Technologies, Inc. (OTC: GRNH)
South American Gold Corp (OTC: SAGD) signed an agreement, valued at $500,000 of revenue per month, to become the exclusive fuel distributor for several farming operations in both Central and South America with delivery points stretching from Mexico down to Peru. This distribution agreement signed with Global Petro, Ltd., a fuel marketing company based in South America, comes on the back of the company announcing it was also the exclusive distributor of Microbial Mojo GoGo, an agreement that the company estimates could easily lead to over one million dollars in new revenue to the company. Microbial Mojo GoGo is a unique liquid fulvic and humic acid extracted through a patented process.
Global Petro, Ltd. is a private company with operations in Mexico, Peru, Colombia, Panama and Costa Rica, and specializes in providing fuel solution services to companies in a variety of consumer sectors including freight companies, mining companies as well as having a large clientele of agricultural clients. Specifically in the agriculture space, Global Petro provides dyed diesel as well as kerosene to farmers, producers and trucking companies that transport produce for export or direct to consumers.
Read the full SAGD Press Release at: http://financialnewsmedia.com/profiles/sagd.html
"This newest distribution agreement is the product of the hard work of several key sales personnel that have begun marketing the Mojo GoGo product along with other products, including fuel, into the farming industry in both Central and South American," stated Brian Vasquez a consultant handling outside sales for the company. "The largest non-labor expense for any agricultural enterprise is energy, and this reality continued to be discussed as our sales force was speaking with the farmers and business owners in the agriculture space. Once we identified this need and demand, securing the product and starting distribution was an easy next step," continued Mr. Vasquez.
In other developments of note across the sector and market movers:
American Cannabis Company, Inc. (OTCQB: AMMJ), a full-service business-to-business consulting solutions provider, product manufacturer and seller of ancillary products to the cannabis industry, recently announced third quarter sales to date for SoHum Living Soils™ (SoHum) of over fifty-three thousand dollars ($53,000) to multiple customers. SoHum is a proprietary "just add water" growing medium that contains 100% natural ingredients and provides the plant a full buffet of macro/micro nutrients to achieve genetic optimization of the Cannabis plant. Not only does SoHum optimize the plant's potential, it eliminates the need for complex feeding schedules and the associated risks of operator error.
Terra Tech Corp. (OTCQX: TRTC) closed up slightly on Monday at $0.34 on just over 2 Million shares traded by the market close. Terra Tech last week announced that its subsidiary, Edible Garden, a retail seller of locally grown hydroponic produce, herbs, and floral products, has started shipping its line of 4 inch potted living herbs to Wegmans Food Markets, Inc. ("Wegmans") in New Jersey. Wegmans, a privately held American regional supermarket chain headquartered in New York, operates 89 stores in the mid-Atlantic and New England regions.
GW Pharmaceuticals plc (NASDAQ: GWPH), a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform, announced positive results of the second randomized, double-blind, placebo-controlled Phase 3 clinical trial of its investigational medicine Epidiolex® (cannabidiol or CBD) for the treatment of seizures associated with Lennox-Gastaut syndrome (LGS), a rare and severe form of childhood-onset epilepsy. In this trial, Epidiolex, when added to the patient's current treatment, achieved the primary endpoint for both dose levels with high statistical significance. During the treatment period, patients taking Epidiolex 20mg/kg/day achieved a median reduction in monthly drop seizures of 42 percent compared with a reduction of 17 percent in patients taking placebo (p=0.0047), and patients taking Epidiolex 10mg/kg/day achieved a median reduction in monthly drop seizures of 37 percent compared with a reduction of 17 percent in patients taking placebo (p=0.0016).
Medical Marijuana, Inc. (OTCPink: MJNA) announced last week that it was the focus of a Mexico Forbes article that discusses the company's pioneering role in expanding access to medical cannabinoid products to people across Latin America, including bringing the first legal cannabis products to Mexico, Brazil and Paraguay. The Sept. 19 Mexico Forbes article titled, "Cotiza en los mercados y quiere vender medicina de marihuana en México," describes how Medical Marijuana, Inc. has been instrumental in the acceptance and legalization of medical marijuana products across Latin America. The article also discusses the market potential for cannabis in the region, including a potential $2 billion opportunity in revenue for Medical Marijuana, Inc. in Mexico alone, according to the Company's Chief Executive Officer Dr. Stuart Titus.
Greengro Technologies, Inc. (OTCPink: GRNH), a world-class provider of eco-friendly green technologies, recently announced the "Greengro 3-Tier Franchise Model" for businesses in the field of controlled environment agriculture (CEA). The three tiers are: 1) Glass Greenhouse Franchise, 2) Glass Greenhouse Franchise / Cannabis Sector, and 3) Vertical Hydrogarden Stores. The Greengro 3-Tier Franchise Model is being marketed by the Company's subsidiaries Vertical Hydrogarden and BP Gardens, Inc., a CEA company that specializes in the use of leading-edge technologies and production methods. End user customers for this franchise program include companies in the field of leafy green produce production and distribution, e.g., lettuce producers and processors.
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