(ALGA) Algae International Group, Inc. Reveals Stealth Entry Into Existing $500 Million U.S. Hemp Sector of Cannabis Market After Vermont Public Radio Report
Algae International Group, Inc. (OTC: ALGA) introduced today a newly formed operating subsidiary named the American Seed & Oil Company, Inc.
In January, this year, CEO Ed Bollen quietly launched a new business plan to move the Company into the rapidly evolving and growing U.S. cannabis market, specifically within the hemp sector that has already reached $500 million in annual sales even before nationwide legalization, according to a Congressional Research Report.
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”.
While Mr. Bollen’s strategy to date has been a quiet and calculating approach, reports where the Company’s Vermont hemp farmers have contributed were recently published. In conjunction with the recent publications and with data now flowing from Colorado and Washington on the legalization of various hemp strains, the Company is now employing a more open profile as it relates to its hemp strategy.
Jon Kalish, a National Public Radio (NPR) news correspondent recently released a report on Vermont Public Radio (VPR) that included an interview with a farmer growing hemp for the Company’s American Seed & Oil subsidiary.
The Mountain Times, a Vermont publication, also recently released an article on the history of hemp and the status of the current U.S. hemp market. The information in the article was all sourced from one of the farmers growing hemp for The Company’s American Seed & Oil subsidiary.
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.
(OTC: 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