New York, NY / ACCESSWIRE / Extreme Biodiesel, Inc.’s
(Pink: XTRM) mission is to provide a cost-effective, high-quality
alternative diesel fuel, create "green" jobs, reduce the
environmental impact of fossil fuels and diminish U.S. reliance on
foreign oil. While the company resides in the energy arena,
it has gotten creative in another industry to make its energy plan
work, and in the process, stumbled upon what could be two very
lucrative futures – a future in energy and a future in
cannabis.
Extreme Biodiesel formed XTRM Cannabis Ventures to operate in
the marijuana industry, and at first, it may have seemed like an
unusual marriage, but as the company’s business plan takes shape,
it’s starting to make a lot of sense. Originally the
company’s intent was to generate hemp in order to develop a more
cost effective product it could convert into biodiesel. But,
when 40 acres of prime growing land in California entered the
picture, an entire business model was formed that could generate
revenues in a number of areas for its investors.
All of the pieces started falling into place when President
Obama signed the $1 trillion Farm Bill earlier this month
legalizing the cultivation of hemp in 10 states including Extreme
Biodiesel and XTRM Cannabis’s home state of California. With
XTRM Cannabis just completing assembly of its first Mobile Hemp to
Biodiesel production unit, the energy sector and the marijuana
industry officially merged through Extreme Biodiesel.
This merger was made possible by the passage of the Farm Bill
because it will likely decrease the cost of hemp which should
benefit an industry that has continued to search for more
cost-effective products to convert into biodiesel. These two
industries merging on the idea of a potential product that can
benefit biodiesel users was just the beginning for this
company. Executives at Extreme Biodiesel/XTRM Cannabis also
plan to use XTRM Cannabis to focus on other medical marijuana,
cannabis and hemp related products.
In a recent corporate update, company President Joseph Spadafore
stated “I am very pleased to report that escrow has been going
quite well. I am confident that we will close escrow on the parcel
much faster than expected, most likely as soon as the beginning of
March 2014.” Well, with the start of March just days away,
this is excellent news for investors as this property could very
well be the key to an explosive future in the marijuana
industry.
The company opened escrow on this 40 acre parcel of
land in California which it plans to use to cultivate hemp and
marijuana. The initial plans also call for the
construction of several massive indoor grow facilities. XTRM
Cannabis Ventures stated that it would like to develop the 40 acres
to house up to five 20,000 square foot warehouses for indoor
cannabis (marijuana) plant growth, 20 acres for outdoor hemp
cultivation for biodiesel, and an industrial center to process the
marijuana/cannabis into smokeless products.
With a recent announcement by the Obama Administration paving
the way for legal banking between legitimate marijuana businesses
and banking institutions in the U.S., it enables a legalized
marijuana industry to operate in states that approve it.
Because of the Farm Bill and the move to loosen banking
restrictions, the company could potentially create other revenue
streams by using the land and the indoor facilities to house
additional legitimate businesses looking to grow marijuana to
produce their own products.
So, for investors, the key is the 40 acres of property the
company has opened escrow on and continues to move to close
quickly. With a corporate announcement late last week stating
that due diligence has determined that a well can be placed on the
land which will provide plenty of irrigation, that preliminary
title results show a clean title, and that the executives have
already been advised by a hemp cultivation expert that the crop
will thrive on the property, closing sooner rather than later seems
to be a strong likelihood. But, more importantly, success
with a very aggressive business plan seems even more likely.
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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 being developed
at http://xtrmcannabisventures.com/
Safe Harbor Disclaimer
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.
Extreme Biodiesel (CE) (USOTC:XTRM)
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