American Seed & Oil Company Announces Cannabis Infused Sexual Health, Weight Loss & Fitness Beverage Line Expansion Plans
Company Wins Financing Support For Health Beverage Company Acquisition
DALLAS, May 5, 2015 /PRNewswire/ -- Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, today highlighted plans to expand its existing beverage line. The Company currently offers the DuBe Hemp Energy Shot for sale online and through retail distribution. The Company also recently disclosed ongoing negotiations to acquire a notable health beverage company. Management anticipates the beverage company acquisition to be completed within 30 to 45 days
“The American Seed & Oil Company has been in discussions with a Dallas, Texas based health beverage company for almost one year regarding the joint development of a line of cannabis infused drinks,” Said CEO Steven Rash. “Those discussions evolved to include specific negotiations for the American Seed & Oil Company to acquire the health beverage company. Yesterday, the American Seed & Oil Company received an investment commitment supporting the proposed acquisition to include the post acquisition initial focus on introducing hemp infused beverages for sexual health, weight loss and fitness.”
Simply enter just a few hemp related Internet searches to find more information about the health benefits that can be derived from hemp to include the sexual health, weight loss and fitness specific benefits.
About Algae International Group, Inc.
Algae International Group, Inc. (ALGA) (Name Change Pending) through its operating subsidiary American Seed & Oil Company, Inc., has been founded around the core belief that cannabis makes people's lives better. Cannabis can fight disease, improve wellness and do so in an environmentally sustainable manner. American Seed & Oil is dedicated to finding the best possible applications for cannabis to serve consumers. For more information please visitwww.americanseedandoil.com
Follow the company on Twitter: http://twitter.com/US_HEMP
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. These forward looking statements relate to, amongst other things, current expectation of the business environment in which the company operates, potential future performance, projections of future performance and the perceived opportunities in the market. The company's actual performance, results and achievements may differ materially from the expressed or implied in such forward-looking statements as a result of a wide range of factors.