I don't know what other people might think about B
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Posted On: 12/17/2020 12:16:45 PM
I don't know what other people might think about BioRemedies MD, but I know I have wondered where they are getting their hemp from. Specifically, where is a company located in the tiny state of Maryland growing their hemp. The fact is, they may not be growing hemp at all. Instead, they may be buying their hemp and then processing it themselves. Look at the following:
https://www.facebook.com/bioremediesMD/photos...649055246/
For those who may not know the history of Univec, Dalton at one point had an agreement with MariMed Corp. for the purchase of the AGRiMED property. While that agreement fell apart when MariMed was found mixing marijuana with hemp and falsifying records, it is possible the relationship continued. How would we know, our CEO is afraid to tell shareholders anything.
GenCanna filed for Chapter 11 bankruptcy around February of 2020.
In its release, GenCanna said Thursday its Chapter 11 filing allows it to “continue to operate its business without interruption to customers, vendors, partners and employees while working through a reorganization plan that could include refinancing of the company’s existing indebtedness, or an alternative restructuring transaction such as a sale.”
GenCanna, the beleaguered Kentucky, USA hemp processor that went bankrupt earlier this year, has filed suit against a New York state hemp company, seeking to recoup millions of dollars GenCanna said were granted as loans.
GenCanna, which is operating as OGGUSA Inc. since the company agreed to sell off its assets in bankruptcy proceedings, said the chairman of its board of directors, Michael Falcone, oversaw the issuance of a loan of $750,000 (€640,000) to Southern Tier Hemp, Johnson City, New York, and used other GenCanna funds to pay growers affliated with the New York company. Falcone is also co-founder and CEO of Southern Tier Hemp.
GenCanna agreed last May to sell its assets to one of its creditors, MGG Investment Group, for about $77 million (€66 million). MGG would receive any funds recouped by GenCanna from Southern Tier and Falcone, as well as any money coming from the insurance claim. According to GenCanna’s bankruptcy filing, the company owes $100-$500 million (€83-425 million) to its creditors.
GenCanna had ambitions to become a global player in CBD production, with a planned $40 million (€34 million) hemp processing plant in Mayfield, Kentucky one of its key initiatives. But the project suffered delays and cost overruns.
https://hemptoday.net/bankrupt-gencanna-seeks...ble-loans/
Kgem
https://www.facebook.com/bioremediesMD/photos...649055246/
For those who may not know the history of Univec, Dalton at one point had an agreement with MariMed Corp. for the purchase of the AGRiMED property. While that agreement fell apart when MariMed was found mixing marijuana with hemp and falsifying records, it is possible the relationship continued. How would we know, our CEO is afraid to tell shareholders anything.
GenCanna filed for Chapter 11 bankruptcy around February of 2020.
In its release, GenCanna said Thursday its Chapter 11 filing allows it to “continue to operate its business without interruption to customers, vendors, partners and employees while working through a reorganization plan that could include refinancing of the company’s existing indebtedness, or an alternative restructuring transaction such as a sale.”
GenCanna, the beleaguered Kentucky, USA hemp processor that went bankrupt earlier this year, has filed suit against a New York state hemp company, seeking to recoup millions of dollars GenCanna said were granted as loans.
GenCanna, which is operating as OGGUSA Inc. since the company agreed to sell off its assets in bankruptcy proceedings, said the chairman of its board of directors, Michael Falcone, oversaw the issuance of a loan of $750,000 (€640,000) to Southern Tier Hemp, Johnson City, New York, and used other GenCanna funds to pay growers affliated with the New York company. Falcone is also co-founder and CEO of Southern Tier Hemp.
GenCanna agreed last May to sell its assets to one of its creditors, MGG Investment Group, for about $77 million (€66 million). MGG would receive any funds recouped by GenCanna from Southern Tier and Falcone, as well as any money coming from the insurance claim. According to GenCanna’s bankruptcy filing, the company owes $100-$500 million (€83-425 million) to its creditors.
GenCanna had ambitions to become a global player in CBD production, with a planned $40 million (€34 million) hemp processing plant in Mayfield, Kentucky one of its key initiatives. But the project suffered delays and cost overruns.
https://hemptoday.net/bankrupt-gencanna-seeks...ble-loans/
Kgem
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