Groovy Company Inc (GROO)

[Emerald road]

Time for an update on this:

KUNMING, CHINA / ACCESSWIRE / July 3, 2017 / Santo Mining Corp. dba PODWERKS (the “Company”), (OTC PINK: SANP) a pioneering and first-of-its-kind cannabis co-working space and ecosystem for cannabis entrepreneurs in the U.S., has entered into talks with China’s only government authorized and leading industrial hemp company, Yunnan Industrial Hemp Inc., to discuss exclusive joint venture projects for the United States.

Currently on a 10-day trade mission to China’s southwestern Yunnan Province at the invitation of Yunnan Industrial Hemp, PODWERKS‘ Co-Founders Frank Yglesias and Matt Arnett have been meeting with high-level executives and touring the facilities to get a first-hand look at the array of hemp and cannabidiol (CDB) products being produced in China.

The long-awaited trip and meeting between PODWERKS and the Yunnan Industrial Hemp, underscores the importance of American firms partnering up with foreign-based companies at the forefront of research and technological development of hemp/cannabis byproducts. “We look at a country like China where no one would expect a big hemp industry, but the fact of the matter is China is quickly outpacing the U.S. in hemp related R&D and patents,” says PODWERKS Co-Founder and CEO, Frank Yglesias. “This trip to Yunnan has really been an amazing opportunity to sit down with the Chinese and discuss a framework on how we can together provide more affordable CBD healing and hemp products to patients and consumers in America,” added Yglesias.

The popularity of CBD products has been on the rise in western countries thanks to the many miracle healing testimonials highlighting its medical benefits against various illnesses such as chronic pain and the more serious ones like epilepsy, a neurological disorder. As more and more states in the U.S. pass legislation to legalize medical marijuana, CBD sales are expected to skyrocket, and by 2020 reach an estimated $2.1 billion in sales.

“We’re are honored to have a leading American company visit us in China to discuss ways of cooperation in bringing our unique CBD patented products to western markets. Here in China, we hear so much how CBD is making positive contributions to people’s daily lives, particularly in America. We believe together with PODWERKS we can help bring new CBD products at an affordable price to the average citizen. We look forward to a long-term work commitment with PODWERKS,” summed Mr. Andy Suo, General Manager of Yunnan Industrial Hemp, Inc.

Forming a strategic alliance between Yunnan Industrial Hemp and PODWERKS will provide both companies a competitive edge in the global hemp and CBD marketplace. PODWERKS will benefit greatly from the only organic hemp farm in China, an area of more than two kilometers of planted certified organic hemp with a capacity to produce more than a ton of CBD oil, while Yunnan Industrial Hemp will gain access to new international markets.

“Today is a good day in U.S.- China Hemp relations,” added Matt Arnett, PODWERKS Co-Founder and Chief Community Officer, also taking part in the trade mission. “We have some big things planned in the coming months back home and here in China with Yunnan Industrial Hemp. We realize we can’t do it alone, so we look forward to getting other businesses and auxiliary partners in our PODWERKS ecosystem involved,” emphasized Arnett.

About Yunnan Industrial Hemp Inc. (www.cnhemp.com)

Yunnan Industrial Hemp Inc. (founded in 2001), a wholly-owned subsidiary of Yunnan Hanpu Health Products Co., Ltd., is currently China’s only government authorized institution that can plant, process and deal in industrial hemp products on a large scale and is China’s first enterprise exclusively engaged in the development of industrial hemp. They specialize in the development, research, breeding, planting, industrialized production and marketing of industrial hemp.

PODWERKS, a recent entrant to the cannabis space, has already been featured in leading cannabis, technology and co-working trade publications such as Leafly, Tech.Co and All Work; for its unique community driven workspace and continued efforts in positioning young entrepreneurs and start-ups at the forefront of cannabis innovation.