Algae International Group, Inc.(ALGA) Launches American Seed & Oil Trading Company to Seize Share of U.S. Hemp Market as it Rockets Past $500 Million
Dallas, TX / ACCESSWIRE / October 7, 2014 / Algae International Group, Inc. (ALGA) introduced a newly formed operating subsidiary named the American Seed & Oil Company, Inc. earlier this year
The Company quietly launched the new subsidiary in January this year as the first step of a long-term strategy to seize and expand a share of the rapidly evolving and growing U.S. cannabis market. The Company’s primary focus so far has been on growing hemp.
American Seed & Oil was reported by National Public Radio (NPR) correspondent Jon Kalish to be the largest hemp grower in the State of Vermont. To hear the NPR report and to learn about American Seed & Oil Company’s efforts to advance hemp’s recognition as an environmental beneficial crop through the United Nations and to have hemp legalized under federal la, review the Company’s recent press releases at the link below:
A recent a Congressional Research Report indicates the hemp products market has already reached $500 million in annual sales:
Next Strategic Step: American Seed & Oil Trading Company
"Demand for hemp products in the United States is growing rapidly," stated Ed Bollen, CEO of Algae International Group and American Seed & Oil Company. "While we are proud of our progress in growing hemp here in the U.S. this year and on track to potentially be the largest hemp grower in the U.S. next year, I expect the combined production of all hemp growers in the U.S. to fall substantially short of U.S. demand for hemp products for years to come. Accordingly, American Seed & Oil is launching a new Trading Company to purchase organic raw hemp products from abroad through fair trade practices in order to meet existing U.S. hemp demand. We look forward to our domestic hemp production growing over time to satisfy larger and larger portions of the growing U.S. hemp demands."
Major e-retailers and brick and mortar retailers to include Amazon and Whole Foods already market extensive lines of hemp products within the U.S.:
Hemp At Amazon - http://bit.ly/hemp_at_amazon
Hemp At Whole Foods - http://bit.ly/hemp_at_whole_foods
Mr. Bollen has a unique background providing a strategic perspective on positioning the Company for a strategic entry into the U.S. hemp sector. Mr. Bollen’s resume (www.americanseedandoil.com/ed-bollen) includes working with law enforcement elements and seeing illegal narcotics interdiction efforts up front and close. This point of view is invaluable when looking at the various hemp markets and in developing a business strategy to capitalize on the hemp legalization momentum at the 'State' level. Mr. Bollen’s motto on entering the hemp industry has been from day one, "as legislatively approved and within the law as set forth by the state and federal mandates".
ALGA Introduces The American Seed & Oil Company
To learn more about the Company’s cannabis business strategy and the progress to date in the development of that strategy, visit the Company’s new American Seed & Oil Company website.In particular, read ‘The Introduction Of The American Seed & Oil Company’ found on the website to specifically learn about the Company’s current hemp crop and all three new cannabis industry subsidiaries.
About Algae International Group, Inc. and The American Seed & Oil Company, Inc.
(ALGA) Algae International Group, Inc. first became interested in the cannabis opportunity last year while attempting to build a business to produce bio diesel from cold pressed algae oil. While the ‘promise’ of the cannabis market is great, the path to achieving the ‘promise’ is unclear. An incubator improves the odds of success in an early and rapidly evolving market by building multiple, complimentary businesses with an initial strategy to explore market opportunity rather than to attempt seizing market opportunity prematurely.Accordingly, the Company is starting with three incubated subsidiaries, and will continue to explore the introduction of additional complimentary subsidiaries. As subsidiaries develop to a viable stage of independence, the Company will spinoff such subsidiaries creating independent ROI opportunities for parent shareholders.
Learn more about the incubated subsidiaries at www.AmericanSeedandOil.com
SOURCE: Algae International Group, Inc. - The American Seed and Oil Company