#NEWSREWIND $OCBM Preferred Commerce Signs Letter of Intent to Enter Joint Venture with Mayan Sustainable Systems of Belize
Company Mobilizes on Growth Strategy, Establishing Joint Venture for the Production of CBD Hemp to Serve the Worldwide Billion-Dollar Cannabidiol and Medicinal Cannabis Industry
Wellington FL, July 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Preferred Commerce, Inc. (“PCI” or the “Company” (OTC Pink: OCBM) today announces the Company’s signing of a letter of intent with Mayan Sustainable Systems of Belize to grow industrial hemp for the Company’s upcoming exclusive premium CBD and Medicinal Cannabis product line. Mayan selected PCI for this Joint Venture due to the Company’s reputation for providing advanced solutions in horticulture and agriculture.
The group that owns Mayan is one of the largest landowners and construction companies in Belize. Being the exclusive license/ permit holder in Belize supported by government is a strong position to be in, said Michael Ferraro, co-founder and CEO of Preferred Commerce. The owners of Mayan have a solid 20-year history working with the government in Belize on many projects and feel this enables the Company to capitalize on the potential production of multiple CBD hemp crops per year.
“We are delighted to be working with Mayan. This relationship enables us to immediately position our company as a major supplier to the CBD industry worldwide. Based on the growing conditions, soil and vast amounts of land available to our venture, we feel there is potential for billions of dollars of CBD products,” stated Ferraro.
He continued, “Among the strategies to be announced soon are the plans to build a state-of-the-art distillery/refinery on the property for product production and global distribution. Mayan has international relationships that add value to the existing U.S. and Canadian relationships of Preferred, that should yield strong sales and ROI for our investors.” Since the consideration of this project, the Company has received multiple contacts for product and contract growing opportunities.
Preferred Commerce, Inc. is pursuing a dominant footprint in the international grower industry. As grower, producer and provider of wholesale and retail CBD and Cannabis products, the Company intends to become a robust contender where legal in the U.S. and abroad. “Our approach to gain land in strategic locations will allow us to penetrate the market without restraints that most will face. We have a focus on soil and temperature, as well as ease of shipping and receiving of finished products,” Ferraro said. “We want to be the company that anyone can call for product 365 days per year and we can deliver. We want to be able to contract-grow for large corporations and deliver when they need it without having to wait until the next growing season, and Belize is a great add-on to this approach.”
#OCBM
#cannabidiol #CBD #CBDisolate #nanoemulsified #watersolubleCBD #CBDoils #preferredcommerce #HempMarket #CBDproducts #cannabinoid #hempplants #cbdhempoil #Wellington #USA
Company Mobilizes on Growth Strategy, Establishing Joint Venture for the Production of CBD Hemp to Serve the Worldwide Billion-Dollar Cannabidiol and Medicinal Cannabis Industry
Wellington FL, July 01, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Preferred Commerce, Inc. (“PCI” or the “Company” (OTC Pink: OCBM) today announces the Company’s signing of a letter of intent with Mayan Sustainable Systems of Belize to grow industrial hemp for the Company’s upcoming exclusive premium CBD and Medicinal Cannabis product line. Mayan selected PCI for this Joint Venture due to the Company’s reputation for providing advanced solutions in horticulture and agriculture.
The group that owns Mayan is one of the largest landowners and construction companies in Belize. Being the exclusive license/ permit holder in Belize supported by government is a strong position to be in, said Michael Ferraro, co-founder and CEO of Preferred Commerce. The owners of Mayan have a solid 20-year history working with the government in Belize on many projects and feel this enables the Company to capitalize on the potential production of multiple CBD hemp crops per year.
“We are delighted to be working with Mayan. This relationship enables us to immediately position our company as a major supplier to the CBD industry worldwide. Based on the growing conditions, soil and vast amounts of land available to our venture, we feel there is potential for billions of dollars of CBD products,” stated Ferraro.
He continued, “Among the strategies to be announced soon are the plans to build a state-of-the-art distillery/refinery on the property for product production and global distribution. Mayan has international relationships that add value to the existing U.S. and Canadian relationships of Preferred, that should yield strong sales and ROI for our investors.” Since the consideration of this project, the Company has received multiple contacts for product and contract growing opportunities.
Preferred Commerce, Inc. is pursuing a dominant footprint in the international grower industry. As grower, producer and provider of wholesale and retail CBD and Cannabis products, the Company intends to become a robust contender where legal in the U.S. and abroad. “Our approach to gain land in strategic locations will allow us to penetrate the market without restraints that most will face. We have a focus on soil and temperature, as well as ease of shipping and receiving of finished products,” Ferraro said. “We want to be the company that anyone can call for product 365 days per year and we can deliver. We want to be able to contract-grow for large corporations and deliver when they need it without having to wait until the next growing season, and Belize is a great add-on to this approach.”
#OCBM
#cannabidiol #CBD #CBDisolate #nanoemulsified #watersolubleCBD #CBDoils #preferredcommerce #HempMarket #CBDproducts #cannabinoid #hempplants #cbdhempoil #Wellington #USA
