Thursday, December 20, 2018 5:15:32 PM
Majestic Holdings Enters Into Discussions For Joint Partnership Agreement To Grow Hemp And Process CBD
Press Release | 10/15/2018
PALATKA, FL, Oct. 15, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Majestic Holdings, Inc. (OTC: MJOG) (“Majestic" or the “Company"), is pleased to announce that it has begun discussions regarding a joint venture with a prominent hemp grower based in Rhode Island. As part of the agreement, Majestic will manage the grower and processor’s outdoor industrial hemp plants, as well as extraction, bottling, and packaging facilities. The company believes participating in an exclusive licensing and supply agreement in this region will greatly enhance overall operational capabilities and increase shareholder value.
The global industrial hemp market size is expected to reach $10.6 billion by 2025, according to a recent report by Grand View Research, Inc. The U.S. CBD market is primed for expansive growth for both hemp-derived CBD and marijuana-derived CBD. With recent developments and advancements in the hemp industry, farmers across the country are turning their attention to commercialization while seeking the road to profitability.
The company recently announced that it intends to change its name from “Majestic Oil & Gas, Inc.” to “Majestic Group Holdings, Inc.” to better reflect the company’s refocused business model, aggressive acquisition of major controlling interests within the healthcare and cannabis sectors.
Company president, Calvin Lewis, commented: “This partnership is a unique opportunity for Majestic and its shareholders. The execution of this agreement would give us a jumpstart toward fulfilling many more of our business goals within the CBD and industrial hemp sectors. We will release further updates regarding this agreement as it develops in the coming days.”
About Majestic Group Holdings, Inc.
Majestic Group Holdings, Inc., a diversified holding company that has several operating subsidiaries in various segments, inclusive of Healthcare, Cannabis, and Biotech. Companies acquired by Majestic are expanded significantly to better fulfill their maximum growth potential. Majestic has previously acquired multiple companies, creating tremendous synergy, and bringing additional revenue. With a strong structure, the company will deliver strong value for shareholders.
Recent MSRM News
- Mushrooms Inc. (OTC: MSRM) Announces Significant Share Buy Back by the Board Director and New Strategic Initiatives. • InvestorsHub NewsWire • 06/05/2024 05:32:33 PM
- Mushrooms Inc. (OTC:MSRM) Launches New Health Supplements, Progresses with German Partnership, and Boosts Engagement Initiatives. • InvestorsHub NewsWire • 03/05/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/08/2024 02:55:22 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/06/2024 05:18:40 PM
- Mushrooms Inc (OTC:MSRM) Announces Full Patent Filing for Groundbreaking Mycelium Technology Providing Bacterial Detection and Nutrient Delivery. • InvestorsHub NewsWire • 10/18/2023 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/14/2023 02:27:19 PM
- Mushrooms, Inc. (OTC: MSRM) Announces Diverse Business Development Team Assembled to Drive Company Growth. • InvestorsHub NewsWire • 08/23/2023 01:00:00 PM
- Mushrooms, Inc. (OTC: MSRM) is Poised for Textile Innovation and Global Impact as Full Patent Filing for Mycelium Thread Nears Completion. • InvestorsHub NewsWire • 08/08/2023 12:00:00 PM
- Mushrooms Inc. CEO, Kimberly Carlson, Discusses Exciting Potential of Industrial Mushroom Industry on Psychedelic Spotlight Podcast. • InvestorsHub NewsWire • 07/19/2023 12:32:27 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM