KUNMING, CHINA / ACCESSWIRE / July 6, 2017 / Santo Mining Corp. dba PODWERKS (the "Company"), (OTC PINK: SANP) announces today it has signed an exclusive joint venture MOU with Yunnan Industrial Hemp for the US Cannabis market. Under the terms of this joint venture MOU both companies will work together in developing an international brand for all the hemp and CBD products Yunnan Industrial Hemp manufactures. The company is scheduled to sign a definitive agreement during the next 2 to 4 weeks in Beijing and outline a roadmap to market.
Mr. Frank Yglesias CEO stated, "the fact that Yunnan Industrial Hemp can produce over 2 tons of high grade CBD a year is enormous, we will be developing a team in the weeks to come of professional Marketing and Financial Experts to create a goto-market plan for the US. This joint venture will be a subsidiary of PODWERKS, this new business structure will be defined during the weeks to come and we will be announcing the structure and new directors."
Additionally Mr. Matthew Arnett CMO added, "The Hemp Business Journal estimated that the CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. With this joint venture and partners like Yunnan Industrial Hemp we can be a force to recon with in the CBD market. Our first goal will be to develop a delivery system for our CBD to make us unique in the market."
Mr. Andy Suo, General Manager of Yunnan Industrial Hemp, stated, "We are impressed with the harmonious understanding of China and its culture that PODWERKS executives have, this is the foundation of this joint venture and its success, we are committed in making this joint venture a win-win for all."
About Yunnan Industrial Hemp Inc. (www.cnhemp.com)
Yunnan Industrial Hemp Inc. (founded in 2001), a wholly-owned subsidiary of Yunnan Hanpu Health Products Co., Ltd., is currently China's only government authorized institution that can plant, process and deal in industrial hemp products in a large scale and is China's first enterprise exclusively engaged in the development of industrial hemp. They specialize in the development, research, breeding, planting, industrialized production and marketing of industrial hemp.
PODWERKS is a co-working space for cannabis entrepreneurs in the United States, providing the necessary framework to grow, market, and sell all cannabis related products. Our aim is to create a sustainable and community driven workspace by providing an affordable, scalable and a safe business environment for our tenants. All Podwerks spaces will feature three types of pods:
- Growing pods o Nursery, Production and Drying
- Office Space pods o Desk space, Wi-Fi, printers, copy machines, meeting rooms
- Retail Space pods o Coffee Shop, Hardware Supply Shop, Co-op Shop
PODWERKS is a division of Santo Mining Corp, a publicly traded company in the Over-the-Counter (OTC) market. It currently trades under the ticker symbol SANP.
Forward Looking Statements and Disclaimer
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
SOURCE: Santo Mining Corp.