Showing posts with label American Seed and Oil Company Inc. Show all posts
Showing posts with label American Seed and Oil Company Inc. Show all posts

April 7, 2015

American Seed & Oil Company Announces Medical Cannabis Cooperative for Independent Hemp and Marijuana Cultivators

nj.com
Algae International Group, Inc. (OTC: ALGA), through its operating subsidiary American Seed & Oil Company, today Announced The American Seed & Oil Company Medical Cannabis Cooperative. The intent of the Cooperative is to build an organization of independent hemp and marijuana cultivation organizations that by working together can more rapidly and soundly expand their respective operations. American Seed & Oil Company is dedicating its previously announced $1.2 million in secured funding to The Medical Cannabis Cooperative.
http://www.nj.com/business/prnewswire/index.ssf?/nj/story/?catSetID=7002&nrid=298908271

December 11, 2014

American Seed & Oil Company Poised For Legal Hemp Cultivation in New York

Yahoo! Finance
Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, Inc. highlighted six months of preparation for the anticipated legalization of hemp cultivation in New York.

In June this year, both chambers of the New York legislature approved a bill by a near-unanimous vote to allow the cultivation of industrial hemp. Prior to year-end, Governor Cuomo is anticipated to sign the bill into law, let it become law without his signature, or veto the bill. However, the near-unanimous vote in both chambers of the legislature represents a veto-proof majority.

In anticipation of the bill passing, American Seed & Oil has reached agreement with a New York landowner to plant a hemp crop in New York in 2015 in addition to developing a pending pilot research agreement with a New York University.

November 25, 2014

American Seed & Oil Company and World Hemp Oil Announce EpiVape(C) CBD Oil (Comparable to Charlotte's Web MMJ) Vaporizer Legal In All 50 States

Yahoo! Finance
The EpiVape(C) was inspired by World Hemp Oil founder and CEO Christopher Cain, who suffers spasms from a spinal cord injury and has been able to mitigate suffering with CBD oil therapy. CBD oil has been shown to reduce symptoms in neurological disorders such as epilepsy, Parkinson's, Multiple Sclerosis, and spinal cord injury. The company has a Crowdfunding campaign to finance commercialization of the vaporizer:
American Seed & Oil Company is an early mover in the emerging state-legalized Hemp and Medical Marijuana cultivation markets. The company was recently recognized by NPR as the largest hemp grower in Vermont. The company recently announced Medical Marijuana Pilots in two states - a first step toward commercialization of a larger operation, as evolving state and federal laws permit.

October 22, 2014

American Seed & Oil Company Harvests Largest Legal Hemp Crop In Vermont In Over 60 Years

Yahoo! Finance
Algae International Group, Inc. (ALGA), through its operating subsidiary American Seed & Oil Company, Inc., announced today the harvest of the largest legal hemp crop in Vermont in over 60 years.

Harvesting efforts continued late into the night.

In June 2014, Vermont signed into law a bill that legalizes the cultivation of hemp, a relative of marijuana, for the first time since 1937. Proponents of the new law say hemp could be a lucrative value-added crop for Vermont farmers.

American Seed & Oil contracted two State licensed growers for the development of its hemp production, with its first ever harvest just completed. The Company plans to utilize the harvest to build a legal seed depository and for the seeding of its own 2015 one-thousand acre hemp crop goal.