RENO, Nevada, May 6, 2014 /PRNewswire/ --
Discovery Minerals LTD. (OTC PINK: DSCR) (PINKSHEETS: DSCR) is currently in discussions with an established Florida nursery who meets the stringent application requirements of the recently passed Compassionate Medical Cannabis Act of 2014. In the event a license is granted, the dispensing organization will be responsible for the cultivation, processing, and dispensing of the low-THC Cannabis strain known as Charlotte's Web.
Announced May 1st, 2014, the newly passed Act in Florida requires certain specific criteria to qualify for the very limited number of available licenses; the nature of the requirements has reduced the number of possible applicants to approximately 35 entities. These applicants must be able to demonstrate a valid certificate of registration issued by Florida's Department of Agriculture and Consumer Services with 30 years of continuous operations. The full Act can be read by clicking this link:
http://www.flsenate.gov/Session/Bill/2014/1030/BillText/er/PDF
The potential Joint Venture between Discovery and the Nursery Partner will access a vertically integrated business network to conform to the law's proposed requirements.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (OTC: DSCR) is a production stage company formed to acquire and develop natural resource properties. Activities include gold, precious metals and petroleum minerals, including rare earth minerals production and sales. The Company initiated a new program to evaluate undervalued assets, including clean tech and alternative energy investments, for potential addition to its portfolio.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Bill McNerney
+1-310-961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals LTD.