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Minerco completes purchase of WLCCO Inc and increases psilocybin production capacity
OAKLAND, CA / ACCESSWIRE / March 15, 2021 / Minerco (OTC PINK:MINE) announced today that they have acquired WLCCO Inc, a white label CBD company that generates approximately $2.5 million in annual revenue. This strategic purchase includes crucial equipment, increasing microdosed psilocybin tablet production capacity by 1 million units daily. In markets where psilocybin is not legal, Minerco will manufacture medical mushrooms including Chaga and Lion Mane as legal alternatives.
Minerco leadership announced the company's four critical goals at the Sankofa Shareholder and Vision Summit held on January 24, 2021:
Retire Debt
Acquire the equipment necessary to manufacture 1 million micro dots daily
Launch anticipated blockchain token SHRU
Acquire a U.S. location to maximize operations both domestically and globally
On February 16, 2021, the company announced a full settlement of debt to EROP capital. As of March 1, 2021, the company successfully launched their Blockchain token SHRU and payment application SHRUCOIN Pay. With the acquisition of WLCCO, Minerco leadership can now say that they have achieved three out of the four goals laid at the Summit with the acquisition of WLCCO.
The company is optimistic about these business developments. In light of this, Minerco CEO Julius Jenge released the following statement:
"Increasing the company's microdosed psilocybin
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