TEMECULA, CA / ACCESSWIRE / April 2, 2014 / Extreme Biodiesel, Inc. (PINK:XTRM) today announced the following corporate update to shareholders.
Indian Casino Negotiations
The Company is still in the middle of negotiations with a Southern California Indian Casino to produce biodiesel. We anticipated having this deal accomplished by this time, but due to politics they have been dragged out. On a positive note, XTRM is very close to having the deal accomplished and has revised its timeframe to May or June.
XTRM Cannabis Ventures Updates
XTRM is please to announce that the activities for its wholly owned subsidiary XTRM Cannabis Ventures are right on track. Last month XTRM closed escrow on its first parcel to develop. Recently XTRM appointed Dr. Rainer Busch Ph.D. to head it’s Hemp to Biodiesel portion of the project. Dr. Busch will be instrumental in finding ways to maximize biodiesel output while preserving Hemp byproducts for other forms of retail.
The Company is awaiting initial plans to be completed for the first phase of the five 20,000 sq ft enclosed marijuana cultivation buildings. The Company is on track with meeting its goal of having space available by the time Marijuana is anticipated to be legalized in the state of California.
Medical Marijuana Container Park Update
XTRM Cannabis Ventures has started receiving bids for the construction of the first lot of Containers to be retrofitted for Medical Marijuana grow purposes. The company anticipates completing the first order as soon as next week. XTRM plans to begin leasing the containers to licensed medical marijuana growers in the state of California as part of the initial phase of the development project. XTRM is conferring with council to verify it is legal on both State and Federal levels to be a landlord to licensed growers, as well as a supplier of grow chemicals, technology and equipment in order to protect its shareholders.
Other Relevant Links
Legalization of Hemp
About Extreme Biodiesel and XTRM Cannabis Ventures
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
XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme Biodiesel focused in the sector of Medical Marijuana, Cannabis and Hemp related products.
XTRM Cannabis Ventures Disclaimer
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 at: http://xtrmcannabisventures.com
Investor Relations Contact
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.
SOURCE: Extreme Biodiesel, Inc.
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