December 19, 2014

American Seed & Oil Company (ALGA) Announces Plans to Cultivate Hemp in New York in 2015

PR Newswire
Algae International Group, Inc. (OTC: ALGA), through its operating subsidiary American Seed & Oil Company, Inc. today announced that late last night Governor Cuomo signed the bill allowing the cultivation of industrial hemp in New York.

"We are thrilled that American Seed & Oil's investment in New York has paid off as a result of the passage of the industrial hemp bill in New York," said Steven Rash, CEO of American Seed & Oil. "We are optimistic that this progress in New York will bode well for American Seed & Oil's national marketing strategy to introduce Medical Marijuana type strains of CBD oil from hemp into all fifty states." 

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