Buscar Company Strengthens Commitment to Sustainability
Buscar Company (OTC: CGLD) is thrilled to announce the acquisition of a 50% stake in Terramer, Inc., a leader in the production of hemp-based bioplastics. This strategic partnership is more than just a transaction; it's a vital part of Buscar's ongoing effort to embed sustainability within its business operations.
Terramer's Pioneering Bioplastic Technology
Terramer, Inc. has developed TERBO-1000, a revolutionary hemp-based bioplastic that not only biodegrades entirely within 180 days but also leaves no harmful microplastic residue. With a robust production facility spanning 350,000 square feet, capable of delivering up to 300 million pounds of bioplastics annually, Terramer is set to make significant strides in the bioplastics market, which is valued at around $44 billion.
Transforming Plastic Usage Globally
With an impressive portfolio of secured purchase orders totaling $6.8 million and signed letters of intent (LOIs) exceeding $80 million from major household names, Terramer is primed to reshape how industries approach plastic use. This collaboration stands out for its innovative approach to sustainability, making significant strides towards reducing plastic pollution on a global scale.
The Vision Behind the Acquisition
The decision to acquire a stake in Terramer signifies a transformative shift for Buscar. "We are combining our financial backing and operational expertise with Terramer's innovative technology," noted Alexander Dekhtyar, the CEO and Chairman of Buscar Company. This symbiotic relationship positions Buscar at the forefront of the movement against microplastic pollution while generating lasting shareholder value.
Strategic Stock Swap Explained
The acquisition took place through a strategic stock swap, where Buscar issued its shares to the stakeholders in Terramer, trading equity for enhanced collaboration and mutual interests. This ingenious structure preserves cash flow while promoting joint growth strategies. Additionally, the deal contributes to the strengthening of Buscar's existing assets, particularly as increasing gold prices bolster the value of its mining undertakings.
Future Endeavors and Production Enhancement
Under this partnership, both companies aim to boost the production of TERBO-1000 and explore diverse applications in vital sectors such as packaging, food services, automotive, and construction. Some of the pivotal initiatives include:
- Increasing production capabilities to meet the escalating demand from business clients.
- Enhancing research and development through Terramer's advanced Terramer Designer Space that focuses on tailor-made formulations.
- Investigating opportunities related to carbon credit monetization linked to the reduction of lifecycle emissions associated with TERBO-1000.
Commitment to Innovation in Material Science
Paul Leslie Smith, CEO of Terramer, emphasized the significance of collaborating with Buscar, stating, "This partnership brings tremendous resources and strategic foresight, allowing us to scale TERBO-1000 globally and actively combat plastic pollution. Together, we are transforming the future of sustainable materials into reality."
About Buscar Company
Buscar Company (OTC: CGLD) is primarily focused on exploring and investing in natural resources and sustainable energy solutions. Aside from its recent acquisition of a stake in Terramer, the company extends its portfolio through subsidiaries like EON Discovery Inc., which operates in the gold mining sector. Buscar is committed to fostering innovation and growth via targeted investments in high-potential industries.
About Terramer, Inc.
Terramer, Inc. stands at the forefront of sustainable materials with its TERBO-1000 bioplastic. This innovative product decomposes within 180 days without leaving any microplastic traces. By collaborating with over 70 hemp farmers within a vertically integrated supply chain, Terramer is poised to revolutionize the bioplastics sector and lead the fight against plastic suffocation in our environment.
Frequently Asked Questions
What is Buscar Company's latest acquisition?
Buscar Company has acquired a 50% stake in Terramer, Inc., which specializes in hemp-based bioplastics.
What is the significance of TERBO-1000?
TERBO-1000 is a biodegradable hemp bioplastic that breaks down within 180 days and does not produce microplastic waste.
How does the stock swap benefit both companies?
The stock swap ensures financial flexibility and aligns the long-term growth goals of both Buscar and Terramer.
What industries will benefit from this partnership?
The partnership primarily targets the packaging, food service, automotive, and construction industries with sustainable alternatives.
What is Buscar's commitment to sustainability?
Buscar is dedicated to integrating sustainable technologies into its portfolio while providing shareholder value through innovative investments.
