PUF... the new symbol to follow and news today .....Chlormet to grow marijuana with Babock Bench Farms 2014-06-19 04:26 MT - News Release Mr. Yari Nieken reports CHLORMET SIGNS LOI TO ENTER WASHINGTON STATE LEGAL MARIJUANA MARKET Chlormet Technologies Inc. has entered into an exclusivity agreement with Babock Bench Farms LLC of Washington state to lease property, building and equipment in support of BBF's state-approved marijuana production and process licence under Washington State Initiative 502. This will be facilitated by a long term lease and profit-sharing agreement. Babock Bench Farms has been approved under license No. 412996 for a Tier 3 Marijuana Producer and Processor License in Washington State. BBF's master growers anticipate production of between 1,350 and 2,150 lbs. of dried marijuana per quarter from the approved 21,000 square foot indoor facility. For the past 2 years, the principals of BBF have been growing for the State under a non-profit cooperative for approved medical marijuana patients. "With AAA Heidelberg's London, Ontario grow facility nearing completion and pending Health Canada's final approval for a MMPR license, the Company has been actively searching for real, attainable and diversified opportunities to continue to bring shareholder value", stated company President, Yari Nieken. "We're extremely excited about the growth and income potential in Washington State with the BBF partnership". All agreements will be subject the approval of CSE and the signing of a Definitive Agreement will be subject to satisfactory due diligence by both parties. About I-502 Washington State Initiative 502 ("I-502") passed by popular vote in November 2012 allowing for the legalization of the production, processing and sale (retail) of marijuana and their related products. A total of 1,724,209 'yes' votes were tallied, which represents 55% of the State's population. Now that marijuana is legal, the Washington State Liquor Control Board will control and monitor the activities of the State Licensees. In 2013 the RAND Corporation completed a study measuring Washington State's marijuana market and concluded that marijuana consumption was significantly larger than the State's projection of 85 metric tons per year and appeared to be more in line with an estimate of 135 to 225 metric tons per year. The State of Washington has allotted a total of 2 million square feet of growing space for the licensed production of marijuana. Production licenses are broken into 3 categories: Tier 1 for less than 2,000 square feet, Tier 2 for less than 10,000 square feet and Tier 3 for between 10,000 and 30,000 square feet. Due to a significant excess of applications the State reduced the amounts to 70% thus the largest square footage of growing space issued by the State was 21,000. I-502 does not limit the amount of plants that can be grown with each license. A licensee can manufacture as much product as their ability allows them to produce. And if the licensee produces a high quality product then the demand in the marketplace should exceed the supply that the licensee can produce. We seek Safe Harbor.