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Saturday, July 22, 2017 6:07:27 PM
I share your same sentiments here with WSRA. This too is one of my long term stocks for the reasons below that's within their filings of which they appear to continue to remain current for some unknown reason... considering how quiet they have been. This was quietly placed into their most recent filing...
https://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=172571
Business of Issuer
Historically, Western Sierra Mining Corporation has focused on the strategic
acquisition, sale, joint venture, management and extraction of precious metals on
its mineral properties and reserves in the western United States and primarily in
Central Arizona. On May 21, 2014 the Company completed the acquisition of
various water rights in Northern Colorado with a combined appraised value of
$40,500,000 and intends to utilize these assets for real estate development,
agricultural production and other beneficial uses as the Company expands and
enhances its asset base. The Company intends to aggressively pursue
development and expansion of its water rights and simultaneously pursue a
diversification into other natural resource related projects. The Company will
begin systematically implementing its new business model resulting in the
creation of new commodity based endeavors to the direct benefit the Company’s
shareholders.
On July 29, 2015 Western Sierra Mining Corporation (the “Company”)
announced that it had signed a Letter of Intent with Global Hemp Group Inc.
(“GHG”) of Surrey, British Columbia (CSE: GHG / FRANKFURT: GHG /
OTCQB: GBHPF) to partner on the acquisition of agricultural lands for the
purpose of hemp cultivation and the development of a Value-Added Hemp
Processing Zone, strategically located adjacent to the hemp farming areas.
This agreement allows the Company to put its current water rights assets into
“beneficial use” to irrigate and grow hemp as a sustainable cash crop. Upon
harvest, his hemp will be processed -- for sale and further refinement in myriad
industrial, commercial and nutritional applications. It will also create a “Hemp
Processing Zone” (industrial processing campus) in which the hemp seed will be
transformed into oil and protein powder for the food industry; Cannabidiol (CBD)
will be extracted from the leaves and flowers to meet rapidly increasing product
demand; and the straw will be processed into fiber, hurd (woody core) and dust.
The fiber will then be further processed for the textile industry to supplement
cotton and synthetic fiber currently in use. The hurd would be processed into
chips to be utilized in sustainable building materials for the construction industry,
and the dust recovered would be pelletized for a variety of target markets. Initial
building materials produced will be utilized in the construction of the processing
facilities and affordable work force housing for the Company's employees. These
various processing functions represent markedly increased revenue for the
Company.
The Company’s SIC Code is 6794.
The Company has never been a “shell company.”
The Company has no environmental cleanup issues or liabilities.
The Company has two full-time employees and four part-time employees.
v/r
Sterling
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