February 4, 2014 Corona, CA - EXTREME BIODIESEL, INC. (PINK:XTRM) today announced that the Company has entered the Cannabis / Medical Marijuana and Hemp industries to capitalize on opportunities and business relationships it has in the sector.
The Company has already begun forming a subsidiary called XTRM Cannabis Ventures and is developing a website for the subsidiary at http://xtrmcannabisventures.com/.
Company President Joseph Spadafore stated "Recent actions by the U.S. House of Representatives, statements made by U.S. President Barack Obama and the Legalization of Marijuana in Colorado helped to influence our decision to enter the marketplace. The Marijuana sector has tremendous growth potential that many feel will continue for years to come. Using existing relationships with others involved in the industry such as product developers and legal dispensaries we believe XTRM Cannabis Ventures will quickly become the companies fastest growth subsidiary."
Mr. Spadafore further stated, "Our existing business of Biodiesel Production will benefit from the addition of XTRM Cannabis Ventures. As of Wednesday, January 29, 2014, pursuant to the passage of the farm bill, the cultivation of industrial hemp is legal on a Federal level and is clearing the way for industrial hemp pilot programs in states such as Colorado, Washington, California, Kentucky, Maine, Montana, North Dakota, Oregon, Vermont and West Virginia, where growing the plant is legal. One of the largest issues with Biodiesel Refining is the location of product to convert to Biodiesel. HEMP is now a legal viable option. The technology used by Extreme Biodiesel can be used to produce Biodiesel from Hemp and the Company is already marketing units."
Lastly "As stated in previous press releases Extreme Biodiesel Inc. has started the process of transitioning its business model into that of a holdings corporation. One of our planned subsidiaries operates in the Real Estate Sector. XTRM Cannabis is currently investigating several properties that could be acquired for the purposes of Cultivation, and or resale of Cannabis / Medical Marijuana and/or Hemp."
The Company would like to assure all investors that in all cannabis related actions the Company is conferring with counsel to be sure any business activities are deemed legal. XTRM advises all investors to see the website being developed at http://xtrmcannabisventures.com/
Other Relevant Links
President Barack Obama Marijuana Comments
Legalization of Hemp
About Extreme Biodiesel
Extreme Biodiesel is an alternative fuel and recycling company. Our mission is to provide a cost-effective, high-quality alternative diesel fuel, create "green" jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil. Extreme Biodiesel is currently repositioning itself into a holdings corporation with focuses on Bio Diesel, Real Estate, Technology and Cannabis Sectors
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Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. XTRM is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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