February 19th, 2014 / Corona, CA / ACCESSWIRE / Extreme Biodiesel, Inc. (XTRM) and its wholly owned subsidiary XTRM Cannabis Ventures announced today the following Corporate Update.
40 Acre Hemp / Medical Marijuana Land Project Escrow Update
The Company would like to report that the initial results of the due diligence period could not be going any better. We have already determined that a well can be placed on the land, thus providing plenty of irrigation and the preliminary title results show a clean title. The company has just ordered a soils test to confirm that the land is suitable for Hemp cultivation, and has already been advised by a Hemp cultivation expert that the crop will thrive on the property. The company is engaging a planner this week to properly lay out the parcel for presentation to the proper permitting authorities.
Joseph Spadafore stated “I am very pleased to report that escrow has been going quite well. I am confident that we will close escrow on the parcel much faster than expected. Most likely as soon as the beginning of March 2014.”
Recent Announcement
XTRM Cannabis Ventures a wholly owned subsidiary of Extreme Biodiesel has opened escrow on a 40 acre parcel in California with plans to cultivate Hemp and Marijuana as well as the construction of a massive indoor grow facility.
XTRM Cannabis Ventures plans to develop the 40 acres to accommodate up to five 20,000 sqft warehouses for indoor marijuana / cannabis growth, 20 acres for outdoor Hemp cultivation for biodiesel, and an industrial center to process marijuana / cannabis into smokeless products."
More information is coming out about the breaking development. Please check xtrmcannabisventures.com for updates.
Relevant Links
Legalization of Hemp
http://www.marketwatch.com/story/victory-for-..._news_stmp
About Extreme Biodiesel and XTRM Cannabis Ventures
Extreme Biodiesel is an alternative fuel and recycling company. Our mission is to provide a cost-effective, high-quality alternative diesel fuel, create "green" jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil. Extreme Biodiesel is currently repositioning itself into a holdings corporation with focuses on Bio Diesel, Real Estate, Technology and Cannabis Sectors
XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme Biodiesel focused in the sector of Medical Marijuana, Cannabis and Hemp related products.
XTRM Cannabis Ventures Disclaimer
The Company would like to assure all investors that in all cannabis related actions the Company is conferring with counsel to be sure any business activities are deemed legal. XTRM advises all investors to see the website being developed at http://xtrmcannabisventures.com/
Investor Relations Contact
info@extremebiodiesel.com
855-736-7360
Safe Harbor Disclaimer
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. XTRM is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Accesswire (February 19, 2014 - 8:54 AM EST)
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