CORAL SPRINGS, FL - 9/1/2015 (PRESS RELEASE JET) -- Cannabis, Hemp & Legal Marijuana business appears to be one of the fastest-growing sector in the U.S. and if the growth and expansion toward legalization spreads to all 50 states, the sector could become larger than the organic food industry, according to a new report obtained by The Huffington Post. Active companies in the industry with recent developments of importance are Surna Inc. (OTC: SRNA), Cherubim Interests Inc. (OTC: CHIT), Plandaí Biotechnology, Inc. (OTC: PLPL), Medical Marijuana, Inc.'s (OTC: MJNA), Hemp, Inc. (OTC: HEMP) and Pazoo, Inc. (OTC: PZOO).
Surna, Inc. (OTCQB: SRNA), a technology company that engineers state-of-the art equipment for controlled environment agriculture with special expertise in cannabis cultivation, announced today that its Board of Directors has appointed Stephen Keen as its President and Chief Executive Officer. In 2007, with his extensive cultivation expertise, Keen founded Hydro Innovations to design and develop liquid cooled technologies for hobby cultivators. Hydro Innovations was acquired by Surna in 2014, and since then, Keen has been Surna’s Vice President of Research and Development, driving Surna’s industry-leading innovation engine.
Read the full SRNA Press Release at: http://www.financialnewsmedia.com/profiles/srna.html
“I'm honored by the appointment and excited to lead Surna during this period of rapid growth. I will be focusing on profitability as my top priority, including commercializing the groundbreaking products that my team and I developed while I was VP of Research and Development. As a shareholder, I see nothing more important to Surna’s success than these two priorities.” Keen added, “I would also like to thank Tae for acting as our interim principal executive, which was no easy task. The time Tae spent in this position gave me the time to complete some truly exciting R&D projects before transitioning into the role of CEO.”forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
In other cannabis/legal marijuana news and announcements: Cherubim Interests Inc. (OTC: CHIT), a development-stage alternative construction and real estate development company, issues its stated business objectives specific to its recent entry into the controlled environment agriculture sector. Cherubim's primary focus is within the alternative construction, real estate development, and controlled environment agriculture sectors, into which the Company recently entered via acquisition of an exclusive worldwide license for the deployment of a proprietary plant cultivation technology.
Plandaí Biotechnology, Inc. (OTCQB: PLPL), producer of the highly bioavailable Phytofare® catechin complex, recently announced that Ultimate Sports Nutrition (USN) is investigating and developing a new line of products for the Australian and New Zealand markets that incorporates Plandaí’s green tea catechin-based Phytofare® ingredient. Under the terms of a previously announced agreement, USN is committed to using Phytofare® catechin complex exclusively in all products manufactured or sold in Europe and South Africa that incorporate green tea. In an effort to further develop and expand on the existing agreement, the Company and USN agreed to allow USN to explore the use of Phytofare® with other USN contract manufacturers, beginning in Australia and New Zealand, in an attempt to determine whether further expansion of the relationship between the Company and USN was desirable.
Medical Marijuana, Inc.'s (OTC: MJNA) Kannaway recently announced the addition of Mr. Bradley (Brad) J. Tayles as Vice President of Operations. The company focuses on hemp history in the U.S., consumer education of the plant's more than 50,000 innovative uses, and the opportunity to take part in a "hemp revolution" that is returning hemp to consumers' daily lives with unique hemp cannabidiol (CBD) oil products.
Hemp, Inc. (OTC: HEMP), a leader in the industrial hemp industry, announced that sales for the 2nd quarter ending June 30, 2015 were up significantly over the 1st quarter. Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP) stated, "Although sales were up significantly, this is now an insignificant part of our business model at this time. Pending completion of our multipurpose industrial hemp processing plant that vertically integrates growing, decortification, milling, and more, millions of dollars in revenue can potentially be generated per year. Thus, the direction of the company has now shifted."
Pazoo, Inc. (OTC: PZOO), announced it has signed a contract with Luchesi & Brand, LLC. Luchesi & Brand will help and assist Pazoo with meeting the capital needs for the company, help secure additional grower contracts in all three states where Pazoo, or its subsidies and or strategic partners, expect to commence operations in the fourth quarter of this year, act as a consultant for the cannabis sector, and assist with online sales for CannabisKing Distribution, LLC.
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