$NEWC: The Steady Rise of New Colombia Resources I
Post# of 103015
BY JAMES ELLIOT ON OCTOBER 19, 2016 MEDIA & TECHNOLOGY, MICRO CAP INSIDER
New Colombia Resources Inc(OTCMKTS:NEWC) has continued to move here in recent trading as pot stocks heat up across the board and once again become the hottest thing in penny stocks. NEWC has seen a massive surge after the Company said they have identified a new native cannabis sativa strain from Colombia with a natural high CBD content.
NEWC operates in the red hot Marijuana industry that has quickly turned into a multi-billion dollar massive growth market that is sweeping across the Country with many new states legalizing the drug including Oregon and California likely next. Medical marijuana products in the U.S. alone are projected to generate an estimated $30-35 Billion in revenue by 2020.
New Colombia Resources Inc(OTCMKTS:NEWC) is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenues producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects.
The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia.
On October 7 NEWC announced their medical marijuana joint venture, Sannabis SAS, has identified a native cannabis sativa strain from Colombia with a natural high CBD content and no detectable THC. This pure extract has been working well for children with epilepsy and the Company expects similar successful results in the U.S.
Medical marijuana products in the U.S. are projected to generate $ 35 Billion in revenue by 2020. New Colombia Resources and Sannabis are positioned to be a part of this exceptional growth and are making plans to legally export non-THC products to the U.S.; both companies have been gearing up to export products around the world. As a first mover in Colombia’s medical marijuana industry, Sannabis has been supplying children with epilepsy, cancer patients, fibromyalgia patients, and many others with legally produced medical marijuana products in Colombia since 2014 with exceptional results.
Company President John Campo received a letter from the Presidency of Colombia in reference to their “Medical Marijuana Project” requesting assistance from the Ministry of Health on their behalf. New Colombia Resources congratulates President Juan Manuel Santos for winning the 2016 Nobel Peace Prize, which was announced this morning. The Company is committed to bringing cannabis research to Colombia to create high quality value added products generating industries, jobs, and profits that stay in Colombia. New Colombia Resources has a pipeline of medical marijuana and hemp projects that will be announced soon.
On October 12 NEWC announced their medical marijuana joint venture, Sannabis SAS, has released its new catalog for distributors with technical specifications including presentation, physical characteristics, active ingredients, suggested treatment, product description, therapeutic indications, dosage application, contraindications, adverse reactions, precautions and warnings, over dosage information, and storage.
The Company believes this will help distributors both domestically and internationally significantly increase sales by providing guidance to retailers and end users. The international surge in the acceptance of marijuana as a medicine has created a need for more details for specific products.
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