Universal Apparel and Textile Company (DKGR:OTC) is pleased to announce that it is moving forward into marketing of Medical Marijuana in addition to Industrial Hemp, cultivating Cannabidiol (CBD). This compound found in cannabis has medicinal effects with reduced psychoactivity which does not make users feel high but an effective treatment for debilitating medical conditions.
Universal Apparel and Textile Company has entered into a joint venture agreement to provide funding for a one acre hydroponics facility with The Now Corporation. The area will be between 40,000 and 43,000 growing space to grow 6,000 plants each harvest (three times per year)v providing a minimum of 2.8 grams of CBD’S up to 6 grams of CBD’S from each flower or plant yielding an estimated 108,000 grams per year.
The CBD oil is extracted through a high-pressured, supercritical, CO2, extraction into a raw CBD oil and further refined to remove plant waxes, than a concentrated CBD batch of the final CBD oil is analyzed through a high pressure liquid Chromatography to qualify its purity.
We estimate our cost at 6 grams per plant to be $13.88 per gram, the wholesale market, retail sellers of CBD Oil purchase a gram of CBD at $75.00 per gram.
CBD’S; Over the course of the past year, CBD oil has quickly become the rock star of the medical marijuana industry because of its ability to treat a variety of conditions without exposing patients to any intoxicating effects.
The Now Corporation is in the process of raising the needed funds for this joint venture and they have been in meetings with interested parties to provide all the necessary funds to move into this highly profitable market. If unsuccessful, Universal Apparel and Textile Company will not proceed.
Updates will be forthcoming.
This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise