Stevia Corp. Enters Hemp Industry as the United States Farm Bill Changes the U.S. Legislative Position on Hemp
February 20 2014 - 10:51AM
Marketwired
Stevia Corp. Enters Hemp Industry as the United States Farm Bill
Changes the U.S. Legislative Position on Hemp
Company Identifies New Growth Markets That Leverage Its
Expertise in Stevia and It Applauds New Farm Bill Which Legalizes
Hemp Cultivation by Universities and State Agricultural Departments
for Academic and Agricultural Research
INDIANAPOLIS, IN--(Marketwired - Feb 20, 2014) - Stevia Corp.
(OTCQB: STEV) ("Stevia Corp" or the "Company"), a farm management
company focused on the economic development of products that
support healthy lifestyle, is pleased to offer insights regarding
key aspects of planned expansions.
In conjunction with Stevia Corp's commitment to the development
of stevia, the Company will now begin similar endeavors in the Hemp
Industry. Hemp, much like stevia, naturally contains many
properties that support a sustainable healthy lifestyle. Stevia
Corp plans to participate in the successful growth of the hemp
industry and particularly hemp seeds, oils and related products
which are growing in popularity.
George Blankenbaker, Stevia Corp President, comments, "As the
public becomes more aware of hemp seeds and their health
properties, there is increasing demand for hemp products. We intend
to pursue products that contain both stevia and hemp which will
appeal to the health conscious consumers."
Hemp products have been present in the U.S. market for many
years and are now growing in popularity as there is an increasing
campaign to educate the public on the many benefits of hemp. The
seeds are low in carbohydrates and contain approximately 44% oil by
weight of which about 80% is a perfect balance of Omega-3 and
Omega-6 essential fatty acids. Protein makes up 33% of the
seed and is considered to be a more 'complete protein' when
compared to meat, milk, eggs and soy and contains all 21 known
amino acids including all 9 essential amino acids.
Mr. Blankenbaker adds, "The seeds are commonly sold in Health
food stores and the oil and protein are considered 'super foods'
and I have long been a consumer of hemp seeds."
Over 70% of the world hemp production is in Asia where the
Company's farm management operations are based. In addition to
the seeds and oil, hemp is valued for its fiber which is used in
dozens of industrial products. In addition, hemp is derived
from cultivars of the Cannabis plant and although it has been bred
to produce low levels of tetrahydrocannabinol (THC), the
psychoactive chemical compound associated with marijuana, hemp
produces several of the other common cannabinoids that are being
studied for their medicinal values.
Mr. Blankenbaker concludes, "Longer term we intend to leverage
our farming and extraction technologies we developed for stevia and
position the Company to be the major hemp player in the US."
Further details of the Company's business, finances,
appointments and agreements can be found as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934, as amended, filed with the
Securities and Exchange Commission's ("SEC") EDGAR database. For
more information visit: www.steviacorp.us.
About Stevia Corp. (OTCQB: STEV) Stevia Corp. is a farm
management company focused on best practice agronomic competency in
order to deliver high value crops through proprietary plant
breeding, excellent agricultural methodologies and innovative
post-harvest techniques. For more information visit:
www.steviacorp.us.
About the Stevia Industry Sector Within two years of the USA
market opening, Nielsen-based retail consumption data indicated
almost $1 billion of retail sales for the sector. In 2010, stevia
products were launched across thirty-five countries and in 38
categories. The World Health Organization (WHO) estimates that
stevia could replace 20-30% of all dietary sweeteners. For more
information visit: www.steviacorp.us.
Notice Regarding Forward-Looking Statements This news release
contains "forward-looking statements" as that term is defined in
Section 27A of the United States Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things,
participation in the hemp industry, specifically hemp seeds, oils
and related products, pursuing products that contain both stevia
and hemp, and business strategy and growth plans. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with new projects and development
stage companies. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
our annual report on Form 10-K for the most recent fiscal year, our
quarterly reports on Form 10-Q and other periodic reports filed
from time-to-time with the Securities and Exchange Commission.
Contact: Investor Relations Crescendo Communications, LLC Email:
stev@crescendo-ir.com Tel: +1-888-940-4050 Web:
www.steviacorp.us
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