(ALGA) American Seed & Oil Company Entry Into $500 Million U.S. Hemp Market Found On Bloomberg BusinessWeek Site Quietly Expands Into Colorado
The American Seed & Oil Company, a subsidiary of Algae International Group, Inc. (OTC: ALGA), announced last week a strategy launched last January to enter the existing U.S. $500 million Industrial Hemp market.
The announcement can be found on Bloomberg BusinessWeek:
The Company subsequently released details to expand its existing hemp farming operations in Vermont:
Today the Company made public its efforts to expand into Colorado.
In June this year, Management participated in the first annual Weed Stock Conference in Denver, Colorado.
At the Weed Stock Conference, the Company engaged a number of local parties in early negotiations to establish hemp and marijuana farms in Colorado. The Company is also exploring retail and wholesale operation pilots in addition to possible cannabis tourism projects.
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