$MEDH MedX Holdings Inc. strengthens its vertical
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Posted On: 09/17/2021 9:36:17 AM
$MEDH MedX Holdings Inc. strengthens its vertical and acquires Craft Herbs LLC., a licensed hemp cultivator in South Texas
https://www.globenewswire.com/news-release/20...Texas.html
CHEYENNE, Wyo., Sept. 17, 2021 (GLOBE NEWSWIRE) -- MedX Holdings Inc. (OTC: MEDH) (“MEDH” or the “Company”), a brands management and acquisition company, today announces it is acquiring Craft Herbs LLC., a wholly owned subsidiary.
Craft Herbs LLC., a Texas limited liability company, licensed to cultivate and process hemp in South Texas. Craft Herbs LLC., is focused on developing and offering proprietary hemp products including fiber, feed, fuel, bio mass and cbd. Craft Herbs LLC., was established in 2017, in preparation for the Texas Compassionate Use Program, Texas’ restrictive low THC medical marijuana program.
“The original intent for Craft Herbs was to develop several revenue generating farms for micro greens, hops, local produce and begin growing hemp and prepare for medical cannabis and full recreational regulations. We are excited to show proof of concept at the farms so we may re-apply for our Medical Cannabis Cultivation license through our sister company Craft Harvest LLC. We currently have application pending with DPS and are waiting for the application window to re-open, at that time we will re-apply and secure the next medical license in Texas,” Hans Enriquez stated.
Craft Herbs LLC., currently operates 3 facilities in South Texas each focused on different niche markets within the hemp market. The first being in San Antonio, a kitchen/ lab / micro indoor grow facility, used for isolating genetics, processing and packaging bulk hemp. The second location is a 5 acre farm located in New Braunfels, Texas currently cultivating outdoor strains that will be used for Bio Mass, extraction and CBD products. The 3rd location is an 86 acre lease on 250 acre former Pecan farm located in Laredo, Texas on the border of Mexico. The farm is currently growing and testing hemp cultivars that will be used exclusively for industrial purposes such as feed, grain, fiber and biomass.
“Bringing in Craft Herbs LLC. is a one more milestone for us again, as we continue to increase shareholder value, brand awareness and adding new capabilities and capacities to MedX soon to be Verdosa Holdings, this moves us forward in achieving our long-term operational strategy as a vertically integrated cannabis company from SEED to RETAIL. We intend on building a strong Texas hemp industry by creating the demand and also the supply. We look forward to providing many more exciting updates and milestones as we complete these strategically,” stated Hans Enriquez, CEO of MEDH.
https://www.globenewswire.com/news-release/20...Texas.html
CHEYENNE, Wyo., Sept. 17, 2021 (GLOBE NEWSWIRE) -- MedX Holdings Inc. (OTC: MEDH) (“MEDH” or the “Company”), a brands management and acquisition company, today announces it is acquiring Craft Herbs LLC., a wholly owned subsidiary.
Craft Herbs LLC., a Texas limited liability company, licensed to cultivate and process hemp in South Texas. Craft Herbs LLC., is focused on developing and offering proprietary hemp products including fiber, feed, fuel, bio mass and cbd. Craft Herbs LLC., was established in 2017, in preparation for the Texas Compassionate Use Program, Texas’ restrictive low THC medical marijuana program.
“The original intent for Craft Herbs was to develop several revenue generating farms for micro greens, hops, local produce and begin growing hemp and prepare for medical cannabis and full recreational regulations. We are excited to show proof of concept at the farms so we may re-apply for our Medical Cannabis Cultivation license through our sister company Craft Harvest LLC. We currently have application pending with DPS and are waiting for the application window to re-open, at that time we will re-apply and secure the next medical license in Texas,” Hans Enriquez stated.
Craft Herbs LLC., currently operates 3 facilities in South Texas each focused on different niche markets within the hemp market. The first being in San Antonio, a kitchen/ lab / micro indoor grow facility, used for isolating genetics, processing and packaging bulk hemp. The second location is a 5 acre farm located in New Braunfels, Texas currently cultivating outdoor strains that will be used for Bio Mass, extraction and CBD products. The 3rd location is an 86 acre lease on 250 acre former Pecan farm located in Laredo, Texas on the border of Mexico. The farm is currently growing and testing hemp cultivars that will be used exclusively for industrial purposes such as feed, grain, fiber and biomass.
“Bringing in Craft Herbs LLC. is a one more milestone for us again, as we continue to increase shareholder value, brand awareness and adding new capabilities and capacities to MedX soon to be Verdosa Holdings, this moves us forward in achieving our long-term operational strategy as a vertically integrated cannabis company from SEED to RETAIL. We intend on building a strong Texas hemp industry by creating the demand and also the supply. We look forward to providing many more exciting updates and milestones as we complete these strategically,” stated Hans Enriquez, CEO of MEDH.
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