Vega Biofuels to Host Cannabis Growers at 2017 Can

NORCROSS, Ga., April 06, 2017 (GLOBE NEWSWIRE) -- Vega Biofuels, Inc. (OTCPink:VGPR) announced today that it will be hosting cannabis growers from several different states at the 2017 Cannacon in Santa Rosa, CA.   The April 20 event will include over 5,000 legal cannabis growers from all over the world.  Vega Biofuels will be showcasing the Company’s Biochar product. Biochar is a highly absorbent specially designed charcoal-type product primarily used as a soil enhancement for the agricultural industry to significantly increase crop yields. Biochar is made from timber waste using torrefaction technology and the Company’s patent pending torrefaction machine.  The introduction of Biochar into soil is not like applying fertilizer; it is the beginning of a process.  Most of the benefit is achieved through microbes and fungi.  They colonize its massive surface area and integrate into the Biochar and the surrounding soil, dramatically increasing the soil’s ability to nurture plant growth and provide increased crop yield.  Cannabis growers currently using Biochar as a soil enhancement have reported dramatic increases in plant production. 

Vega recently announced the Company has entered into an Agreement with an Alaska based grower to market the Company’s Biochar product throughout the state of Alaska through a Reseller Agreement with Vega.  Alaska recently approved the sale of both medical and recreational cannabis.  Vega is using this model as it markets to growers in other states.  

“The Reseller Agreements give us an opportunity to have an immediate presence in states that have legalized the manufacturing and sale of cannabis products,” stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. “The Santa Rosa Cannacon provides us with a tremendous opportunity to reach over 5,000 growers in one location.  The harvest reports that we are hearing are staggering and the return on investment for the growers is even greater.  We will post pictures and further information from the show as things develop.  The sale of Biochar to the cannabis industry will have a significant impact on our bottom line this year.”

For plants that require high potash and elevated pH, Biochar can be used as a soil amendment to significantly improve yield. Biochar can improve water quality, reduce soil emissions of greenhouse gases, reduce nutrient leaching, reduce soil acidity, and reduce irrigation and fertilizer requirements. Biochar was also found under certain circumstances to induce plant systemic responses to foliar fungal diseases and to improve plant responses to diseases caused by soil-borne pathogens. The various impacts of Biochar can be dependent on the properties of the Biochar, as well as the amount applied. Biochar impact may depend on regional conditions including soil type, soil condition (depleted or healthy), temperature, and humidity. Modest additions of Biochar to soil reduces nitrous oxide N2O emissions by up to 80% and eliminates methane emissions, which are both more potent greenhouse gases than CO2.

About Vega Biofuels, Inc. (OTCPink:VGPR):

Vega Biofuels, Inc. is a cutting-edge energy company that manufactures and markets a renewable energy product called Bio-Coal and a soil enhancement called Biochar, both made from timber waste using unique technology called torrefaction.  Torrefaction is the treatment of biomass at high temperatures under low oxygen conditions.  For more information, please visit our website at vegabiofuels.com.   

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CONTACT: Vega Biofuels, Inc.: 800-481-0186 info@vegabiofuels.com vegabiofuels.com @vegabiofuels