DEL MAR, CA / ACCESSWIRE / March 6, 2019 / American Diversified Holdings Corporation (OTC PINK: ADHC) announced today that www.TheCBDKlub.com has entered an agreement with Red Desert Farms, llc a Southern Utah HEMP Farming operation. The agreement projects to grow up to 40 acres of Hemp which will be eventually be processed into medical quality CBD for the 2019 growing season.
The initial projections for up to ten acres of hemp production is estimated to generate approximately $1mm in revenue. We are further evaluating a larger scale projected production schedule of up to 40 acres depending on demand from prospective buyers of the fall harvest.
All information on the terms and conditions can be found at www.ADHCTERMSHEET.com
Red Desert Farms, llc has received state licensing allowing for hemp cultivation. The agreement provides for ADHC to provide financing and other consulting services to process and market the harvest. Red Desert Farms, llc will farm the land and handle all aspects of the cultivation process.
"This is a tremendous opportunity for ADHC and www.TheCBDKlub.com to enter the Hemp production and cultivation business. The projections are very attractive in terms of limited investment capital required and potential profitability," commented ADHC.
Revenue and profitability projections can be found in more detail at www.ADHCTERMSHEET.com.
This transaction is expected to be finalized in the near term and more information communicated to shareholders in the near future.
On the federal legislative front, US Senator and 2020 Presidential Candidate Corey Booker D-NJ has proposed new legislation to fully legalize marijuana through out the US. Senator Booker was joined in sponsoring this bill with Co Presidential Candidates: Elizabeth Warren D-MA, Bernie Sanders, D-VT, Kamal Harris, D-CA and Kirsten Gillibrand, D-MN. The bill know as The Marijuana Justice Act will fully legalize Marijuana in all 50 states and de-schedule THC from the DEA as a Schedule 1 Drug.
For more information on the MARIJUANA JUSTICE ACT Please see.
https://www.congress.gov/bill/115th-congress/senate-bill/1689
"The Marijuana Justice Act will finally unshackle US cannabis business from the conflicting and arcane federal policy. ADHC will be in optimal position to capitalize on this legislation and achieve tremendous growth," commented ADHC.
About Bloomberg Edelson, LLC
Bloomberg Edelson LLC is a boutique marketing & consulting firm located in the Seattle Metro Area. The firm is known for its "Innovative Cannabis Branding" strategies by creating living brands that are engaging and responsive. Members of the firm's advisory team have lived, breathed and thrived in the Cannabis/Hemp/CBD marketplace for 15 years.
Bloomberg Edelson LLC, clients include with new startups, established business looking to branch into the Cannabis arena and public corporations. See www.BloombergEdelson.com for more information.
Mr. Riley can be reached at 917-771-3648 or [email protected].
American Diversified Holdings Corporation ("ADHC"-OTC) is a holding company that provides executive management, corporate governance, administrative support, financial advice, and introductions to capital sources to various micro-cap private and public companies that have proven revenues and business models. The company is composed of two divisions.
AURACIS(TM) is a patented bio-device company utilizing Trans-cutaneous electric nerve stimulation (TENS) for migraine pain management. www.AuracisMigraine.com.
www.TheCBDKlub.com is a unique E-commerce platform connecting consumers suppliers manufacturers and growers of Cannabis with emphasis on CBD for both humans and pets.
This press release contains forward-looking statements pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include risks and uncertainties that may cause the Company's plans to change and are in no way intended to guarantee that the Company will be successful in executing its plans. Common stock currently trades on the over-the-counter under the symbol ADHC. This press release in no way constitutes any recommendation regarding the securities of ADHC or its affiliates. Any person reading this press release is advised that this release should be considered in the light of all facts and circumstances regarding the business and financial condition and prospects of ADHC, and no reference has been made that this release contains all information.
CONTACT:
[email protected]
Tel: 858-259-4534
SOURCE: American Diversified Holdings Corp.