QED Connect Inc. Subsidiary Emerald Med Farms Prepares For First Marijuana Harvest
MANCHESTER, NH / ACCESSWIRE / August 6, 2014 / Management of QED Connect Inc. (OTC Pink: QEDN) announced today that their wholly owned subsidiary, Emerald Med Farms Inc., is progressing into the harvesting phase of their first marijuana crop. The process is expected to take up to 75 days to complete.
In conjunction with best practices, the crops were planted in stages and have reached various levels of maturity, allowing for parcels to develop incrementally. This method enables the staff adequate time to process plants as others come into full bloom. Additionally, colas (buds) within individual plants may develop ahead of others. Colas near the top of the plants can develop faster than at the bottom. Once separated from bigger leaves, the colas are broken down to an appropriate size to be dried and cured. Finally, the colas are trimmed to remove any additional leaf and stem material in preparation for distribution. For each plant or parcel of plants, drying and curing can take up to two weeks.
Current estimates are in line with the company’s June, 4th announcement of yielding 3 to 4 pounds of product per plant. This accounts for the “wet weight” of a fully developed plant prior to trimming and curing. Once the harvest is complete the company will update shareholders of the total approximate yield of useable marijuana as well as preparations to distribute the marijuana to their California approved Co Operative of dispensaries.
Tom Makmann, President & CEO of QED Connect, Inc., commented, “We are very excited with the success Emerald Med Farms has experienced to date. The Medical Marijuana industry continues to gain momentum as seen by a July 26th editorial in the New York Times, “Repeal Prohibition, Again”. Additionally, I am pleased to announce that we have received the initial tranche of $250,000 in debt financing to be used as working capital for Emerald. The funds will be re-paid solely by profits generated through Emerald Med Farms and will be non-dilutive to shareholders.”
About Emerald Med Farms, Inc.
Emerald Med Farms is a medical marijuana enterprise located on 300 acres of multiple parcels, agriculturally zoned, in Mendocino County, California. The company is committed to operating its facilities at the highest levels utilizing state-of-the-art proven methods to produce the highest of quality medical cannabis. Emerald Med Farms operates as an independent agent to the not-for-profit medical marijuana cooperatives providing them with goods and services to meet their requirements. The Company is the lease holder of land, and maintains and operates equipment, facilities and employees to grow and harvest the crops under a fixed contract. http://www.emeraldmedfarms.com/
About QED Connect, Inc.
QED Connect, Inc. is a holding company which makes acquisitions, investments, and enters into strategic business partnerships. The Company works with organizations that are looking for capital, management assistance, or help in reaching their target markets to realize their true potential. QED acquired StockProfile.com. In April 2014, the Company entered into an agreement to acquire Emerald Med Farms, Inc. QED’s business model allows it to achieve its goals by expanding its overall revenue and profits potential through multiple market segments. http://www.qedconnect.com/
Safe Harbor Statement
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of QED to be materially different from those expressed or implied by such forward-looking statements. QED’s future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
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SOURCE: QED Connect Inc.