New Colombia Resources Inc (OTCMKTS:NEWC) is positioning itself to be a player in the booming medical marijuana business. New Columbia announced that they have identified a new native cannabis sativa strain from Colombia with a natural high CBD content. This news could be a real game changer.
Medical marijuana products in the U.S. are projected to generate and estimated $30-35 Billion in revenue by 2020 and everyone wants a piece of the action. NEWC apparent shift from coal to medical marijuana could be catalyst for a lot of activity in the near term.
New Colombia Resources Inc (OTCMKTS:NEWC) reinforced its position in the medical marijuana business last week with a new announcement out of BARRANQUILLA, COLOMBIA–(Marketwired – Oct 7, 2016) – New Colombia Resources, Inc. (“the Company”) (NEWC), a Colombian natural resource company listed in the U.S., is pleased to announce their medical marijuana joint venture, Sannabis SAS, has identified a native cannabis sativa strain from Colombia with a natural high CBD content and no detectable THC. This pure extract has been working well for children with epilepsy and the Company expects similar successful results in the U.S.
New Colombia and Sannabis are positioned to be a part of this exceptional growth and are making plans to legally export non-THC products to the U.S.; both companies have been gearing up to export products around the world. As a first mover in Colombia’s medical marijuana industry, Sannabis has been supplying children with epilepsy, cancer patients, fibromyalgia patients, and many others with legally produced medical marijuana products in Colombia since 2014 with exceptional results.
Company President John Campo received a letter from the Presidency of Colombia in reference to their “Medical Marijuana Project” requesting assistance from the Ministry of Health on their behalf. New Colombia Resources congratulates President Juan Manuel Santos for winning the 2016 Nobel Peace Prize, which was announced this morning. The Company is committed to bringing cannabis research to Colombia to create high quality value added products generating industries, jobs, and profits that stay in Colombia. New Colombia Resources has a pipeline of medical marijuana and hemp projects that will be announced soon.
In addition to the great results of their high CBD Cannabis Sativa products low in THC, Sannabis’ Cannabis Indica products high in THC have shown remarkable success in cancer patients. NEWC is eager to bring those products to the U.S. when legally able to do so.
This news builds on the announcement in April that its subsidiary, Sannabis SAS, had received orders from an established pharmacy chain distributing natural products in southwest Colombia. Thus a segway from one natural resource coal to another, medical marijuana.
“After 20 years of hard work developing high quality medical marijuana products in Colombia, I’m pleased that we were finally able to establish a mainstream market, our orders are coming in droves,” said Juan Pablo Guzman, Director of Sannabis in Colombia.
“In anticipation of having an approved export license, our approach to the international market is simple. You know cannabis cures but you don’t want the hurdles of growing marijuana. Our region has grown the best medical strain for generations, we can grow and manufacture the highest quality 100% organic cannabis products for you at the most competitive cost possible. Colombian entrepreneurs are creating a new industry for the legal international medical cannabis and industrial hemp products market and we’re proud to be a part of it,” commented John Campo President of New Colombia Resources Inc.
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New Colombia Resources, Inc. is a development-stage company. The Company is focused on the acquisition and development of metallurgical coal properties in Colombia. The Company, through its wholly owned subsidiary, Compania Minera San Jose, Ltda., will acquire, explore and develop coal mining concessions in Colombia. The Company is focusing on the La Tabaquera coal and rock project located in the Municipality of Guaduas, approximately 100 kilometers northwest of Bogota. Its first acquisition, La Tabaquera Concession Contract No.ILE-09551 is granted for the exploration and exploitation of a carbon mineral and other grantable mineral deposits. The Company’s first mining acquisition is in the town of Guaduas, Colombia.
The Company is focused on the acquisition and development of high quality metallurgical coal properties in Colombia, considered one of the most attractive emerging markets. But as often the case with development-stage companies the focus appears to be shifting for this micro-cap.
By laying a footing in Colombia for their medical marijuana ventures they are able to navigate with less regulation, and NEWC will also be able to buy “product” at a much lower cost in Colombia which should bode well for margins. This is an rapidly developing company and story. We will continue to release updates as they become available. For continuing coverage on $NEWC and our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!