IJJ Corporation and American Seed & Oil Company Issue Update on Partnership to Build Residential Treatment Facility for U.S. Veterans With Chronic Post Traumatic Stress Disorder (PTSD)
Mar 06, 2015
OTC Disclosure & News Service
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SILVER SPRING, Md., March 6, 2015 (GLOBE NEWSWIRE) -- IJJ Corporation (OTC IJJP) and American Seed & Oil Company today release additional information to shareholders pertaining to the companies' partnership to build a residential treatment facility for U.S. veterans with Post Traumatic Stress Disorder.
American Seed & Oil is planning the acquisition of its Vermont based operating partner, Vermont Sustainable Farming, LLC (VSF), which is registered through the Vermont Hemp Registration Program. VSF and American Seed & Oil entered into an operational agreement earlier in 2014 to facilitate American Seed & Oil Company's first hemp crop. American Seed & Oil through its partnership with VSF has developed a number of relationships and business agreements with property owners, additional farmers, processing operations and universities. Accordingly, with the initial Treatment Facility and Tourist Destination target property in Vermont, VSF is a logical platform and acquisition for American Seed & Oil. American Seed & Oil, with VSF represents the complete components for a successful partnership with IJJ Corporation.
The acquisition of VSF by American Seed & Oil is expected to be completed within the NEXT FORTY-FIVE (45) to SIXTY (60) days.
IJJ Corporation expects to structure and engage the investment capital necessary to support American Seed & Oil's acquisition and engagement of pre-construction engineering and architecture services during the same timeframe.
The plan is to use 200 acres by American Seed & Oil to build the treatment facility and cultivate cannabis; the treatment facility will follow the treatment protocol being established by the Multidisciplinary Association for Psychedelic Studies (MAPS) for their planned study of marijuana for symptoms of post-traumatic stress disorder (PTSD), as approved by the U.S. Department of Health and Human Services and to be funded by the Colorado Department of Public Health and Environment.