The Company’s subsidiary, Healing The Earth Inc, will investigate this opportunity due to the enormous growth of the industry in states that have legalized the use of marijuana for either recreational or medical use. The marijuana industry generated $2.4 Billion last year, which is an increase of 74% over the previous year. The total legal market is projected to be worth $11 billion by 2019. Currently there are twenty-three states that have legalized marijuana for medical use and seven states have similar pending legislation. Recreational use of marijuana is currently legal in four states; Alaska, Colorado, Oregon, and Washington, as well as in the District of Columbia.
A national publication recently noted, “The huge growth potential of the industry appears to be limited only by the possibility of states rejecting the loosening of their drug laws. The report projects a marijuana industry that could be more valuable than the entire organic food industry – that is, if the legalization trend continues to the point that all 50 states legalize recreational marijuana. The total market value of all states legalizing marijuana would top $36.8 billion – MORE THAN $3 BILLION LARGER THAN THE ENTIRE ORGANIC FOOD INDUSTRY.”
Edmond Lonergan, Green Planet Group president/CEO stated “With the marijuana business growing at this tremendous pace and the needs of growers to expand their production, it makes sense for us to evaluate the application of our technology to this industry. If successful, this capability could increase the market for our technology significantly. In addition shortages of products such as cannabidiol (CBD), used for the treatment of schizophrenia, can be virtually eliminated.”
Healing the Earth, Inc. is building a “proof of concept” growing system installation to provide barley fodder for the feeding of cattle. This installation will verify the productivity and nutritional quality of food grown on the Company’s groundbreaking growing technology and validate its three primary concepts: Food on Demand, Food at the Point of Consumption and Fast Track Food.
– This revolutionary growing system produces 100% organic food naturally, with no GMOs (genetically modified organisms) or chemical fertilizers.
– The system uses 90+% less water than conventional growing methods and plants grow up to 300% faster.
– GNPG projects that revenues from the HTE subsidiary could exceed $46 million with a gross profit of $19 million within the next four years.
About Green Planet Group, Inc.
The Company is comprised of four wholly owned subsidiaries: one operating company and three development companies. XenTx Lubricants, Inc. produces lubricants and additives for gasoline and diesel engines. AAQIS, Inc. is developing a hydrogen generator which greatly reduces hydrocarbon emissions while improving fuel efficiency in internal combustion engines. Green Mining Technologies, Inc. is developing green technologies for the mining of precious metals. The Company’s Healing the Earth subsidiary is developing a new “fast track” growing system capable of growing vast amounts of fresh, organic food.
Certain statements contained herein are “forward-looking” statements (as defined — Private Securities Litigation Reform Act of 1995). Green Planet Group, Inc. cautions that the statements made in this press release constitute forward-looking statements and no guarantees of future performance and actual results or developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at time the statements are made.
Email: [email protected]
SOURCE: Green Planet Group, Inc.
World High Life Plc (“World High Life” or the “Company”)(AQSE:LIFE) (OTCQB:WRHLF), is pleased to announce that it has appointed H&P Advisory Limited (“Hannam & Partners”) as financial advisor to the Company with immediate effect
About Love Hemp
Green Thumb Industries Inc. (Green Thumb) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ retail stores, today announced that its executive team will participate in the following conference in March 2021:
Needham 2 nd Annual Virtual Cannabis Conference, March 3, 2021: Management will participate in one-on-one meetings.
Meanwhile, two longstanding cannabis partners ended their relationship.
Trulieve to donate $20,000 in scholarship funding and $15,000 to support leadership development
Trulieve Cannabis Corp . (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States today announced a new partnership with the Thurgood Marshall College Fund (TMCF), the nation’s largest organization exclusively representing the Black College Community. Trulieve will donate $20,000 to help fund several college scholarships awarded to students who are attending one of the organization’s member-schools as part of Trulieve’s diversity, equity, and inclusion initiatives. The $15,000 in talent funding is earmarked to support TMCF’s internship program, reaching a diverse talent pool of students and alumni from their 47 member-schools to provide immersive experiences at Trulieve.
The new dispensary expands patient access to Florida’s largest inventory of medical cannabis products
Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) (“Trulieve” or “the Company”), a leading and top-performing cannabis company based in the United States announced today the opening of a brand-new Florida dispensary, the Company’s 80th nationwide. The new location marks the Company’s first in Tamarac and third in Broward County expanding patient access to Florida’s largest and broadest assortment of high-quality medical cannabis products.