GNM BUYS POT COMPANY
GeoNovus to acquire assets of Uruguayan pot company
2014-09-18 09:22 ET - News Release
Mr. Mike England reports
GEONOVUS SIGNS DEFINITIVE AGREEMENT WITH URUGUAY COMPANY & PURSUES THE DEVELOPMENT AND COMMERCIALIZATION OF CANNABINOIDS
GeoNovus Minerals Corp. has signed definitive agreements with a private Uruguayan SA company and its principal, Julian Strauss, which is actively working in multiple areas of the cannabinoid sciences, industrial hemp and medical marijuana industries in that country, such that GeoNovus will continue its work. Pursuant to the agreements, GeoNovus will acquire all of the current assets of the private Uruguayan SA company and its principal that are used in their work in that field, and Mr. Strauss will provide his consulting services to GeoNovus.
Based on these agreements, GeoNovus will establish operations in Uruguay with a goal to produce intellectual property patents for licensing globally through the development of cannabinoid-, industrial hemp- and medical marijuana-based products. GeoNovus anticipates that these operations will include the evaluation of multiple business opportunities in that country, including:
- Third party cannabis research for international companies in the medical marijuana, biotech and health sectors;
- Cannabinoid sciences and IP product development (CBD/THC);
- Industrial hemp plantations for export from Uruguay;
- Medical marijuana testing and trials to prove efficacy of cannabis-based therapies;
- Industrial hemp research and application development.
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