Palm Coast, FL, April 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- XYZ Hemp Inc. (OTC Pink: GRPS) and RushNet, Inc. (OTC Pink: RSHN) are pleased to announce the engagement of Mr. Jason Jones as the COO of each of RSHN and GRPS. With more than 15 years of experience in cannabis manufacturing, cultivation, and business development, Jason not only brings a wealth of knowledge from this industry, but also the nutraceutical field. We are confident that Jason represents a perfect fit for the logistical operations of our growing businesses and future development.
Jumping in feet first, Jason related this regarding GRPS and RSHN: “First of all, I was happy to be involved in a cannabis cultivation and manufacturing business invested heavily in the hemp industry, especially one that can use my expertise. But after I understood the totality of what Drs. Bond and Miller have developed, I was blown away. The years of practical nutraceutical experience that Dr. Bond lends to the creation of products enhanced with full spectrum CBD is exactly what this industry needs. These proven formulae targeting disease states will be miles ahead of other products with similar intent. Dr. Miller’s work on alternative administration of CBD is positively groundbreaking, and I have no doubt that it will be integral in the treatment of addictive disorders.
“Then I dug into the grants that are being lobbied on behalf of RSHN and GRPS, and could not believe the opportunity for the companies. With a degree in psychology, I was particularly intrigued with the VA initiative that allows wellness care for veterans that would utilize our specially formulated CBD/Nutraceutical blends to help heal veterans and prevent illness. I treasure the opportunity to help this most deserving sector of our great country.”
The $50,000,000 initiative will be a significant step forward in delivering outstanding medical care to our treasured veterans. Not only are there nine more grant initiatives, the cost of which filings were paid for by RSHN and GRPS, but RSHN and GRPS have recently funded an additional lobbying initiative with the Department of Homeland Security, with an innovative approach to containing school disasters that uses a logistics approach to a rapid physician response.
“What I’m particularly excited about,” continued Jason, “is the ability to expand the product line to include an underserved niche in the marketplace: the recreational market. While the medical team has been focused on therapeutic entities, I’ll be working closely with Dr. Bond and Miller on a radical new CBD/nutraceutical blend that fulfills a need to those looking for a legal, non-toxic way to relax, or experience euphoria, or even relief. Much like a good stiff drink, or something even stronger, our blends will answer to a different desire in the marketplace that we feel will be well received, and answer a critical psychological need for the chemically dependent individual. We are calling it, ‘The Buzz Line.’” Jason stated further, “It’s a work in progress, but with the upcoming opportunities for company financing, this life-long dream seems a probable reality, and will be a welcome addition to our addiction kit.”
New acquisitions:
In addition to our recent acquisition of New Earth Development Corporation, RushNet and XYZ Hemp Inc. jointly announce RushNet Inc.’s acquisitions of, with significant profit participation by XYZ Hemp Inc., the following:
Cal City Concentrates, a Cultivation and Manufacturing company, has been issued permitting by the city of California City, permit number APN: 216-010-31. Cal City’s business operations are on 2.5 acres, utilities including main power line near the parcel, functioning water, and natural gas are present. These 2.5 acres is suitable for growing of CBD and processing, with a manufacturing facility. Experienced operator, Jason Jones, recently appointed as COO of RushNet and XYZ Hemp, seeks to expand and offer bottling for beverages and the capability to add infused CBD to beverages. This will also facilitate the product and beverage creation endeavors of RushNet and XYZHemp.
In addition to the Cal City Concentrates acquisition, RushNet acquired Bella Buds Inc., Inc. in Georgia and Maryland, with principal offices at 2700 Braselton Hwy, Suite 10-137, Dacula GA 30019 (“BBI”). GRPS also enjoys significant interest in this acquisition. Bella Buds’ product line is best set forth in its website:
https://bellabudsonline.com/
With an impressive product line, Stephen Parente, Director of BBI, said, “We feel blessed to forge this relationship with RushNet and with XYZ Hemp, which we feel will bring us to the next level. With the wealth of contacts enjoyed by the principals in the Associates of RushNet and XYZ Hemp, we are confident that this will enable our existing sales to grow.” Stephen, along with his partner, Julian O Winston III, is a great resource for both RSHN and GRPS. BBI’s Direct Retail sales include its Bella B Body Serum: Units in 3oz size; Anti Inflammation Emu; CBD Oil High CBD Hemp Flower Cigars and Mini Bella Blunts.
“With this acquisition, Steven Parente affords us access to Theramu’s patented Emu oil,” says Chief Medical Officer, Stu Miller, M.D. “Emu is key to the efficient absorption of CBD and tolerance in delivery. It is a fundamental component of some of our new products.” Emu oil, an all-natural pain reliever and anti-inflammatory has been used medicinally for thousands of years for the treatment of pain and wound care. Emu oil is naturally antifungal and antimicrobial, and naturally boosts collagen production (nature’s Botox). Emu oil as a transdermal delivery system maximizes the bioavailability of our CBD. By contrast, competitive CBD products use coconut or olive oils in their formulas, which oils are not transdermal, and only penetrate 1-2 layers of the dermis. Emu oil penetrates 7-8 layers deep, carrying the CBD with it for faster, longer-lasting relief than other products in market. Emu oil contains EFA (essential fatty acids) which also maximizes the bioavailability of ingested CBD. The presence of emu oil in our Calm elixirs creates a liposo-mal effect so that the CBD is not ‘consumed’ in the early stages of digestion, maximizing the bioavailability of the CBD where our bodies need it most. See Theramu.com for further information regarding Theramu and its products, which are available through Bella Buds.
“Theramu’s Emu oil is what is going to distinguish ours from other products by a large margin,” Dr. Miller adds.
Recognizing the void in the marketplace for financing of CBD related companies, Stephen also founded Investment Partner Holdings, LLC, - 1st Mortgage Lien and 2nd Mortgage financing, Mezzanine Loans, Equipment, Account Receivables, financing. RushNet also acquired Investment Partner Holdings.
As other acquisitions are consummated, they too will be announced. Both RushNet and XYZ are very close on several. Only a very small portion of the acquisition costs have been paid in advance, funded by the principals of RushNet and XYZ; the balance of the payments are deferred; yet the acquisitions have been consummated.
Product news
Initial sampling has been well-received on RushNet’s Hempette cigarette alternative and a professionally created product is currently being created in a final step to get to market. Sample products are the key to this entrée.
The other nutraceutical/CBD blends, which are owned by XYZ, have been formulated and await further funding to create and go to market and include an innovative sleep blend to help with sustaining sleep as well as to facilitate sleep, a super anti-inflammatory blend, anxiety blend, pain blend, an all-natural energy/endurance blend, and a number of others with key potential market share.
The names of the 14 different products formulated thus far, by the medical team are proprietary and cannot be mentioned at this time. However, the focus of the products include:
- an energy drink with CBD
- an anti-inflammatory with CBD
- a specialized CBD additive to alcoholic beverages to minimize many of the negative side effects of alcohol
- an anti-stress formula with CBD
- a CBD additive to coffee, including ginseng focused on giving and enhanced alertness while having a calming effect
- a CBD formulation with other additives providing pain relief
- an anti-inflammatory CBD formulation
Grant Initiatives:
The following initiatives, by a very high-powered and well-known lobbyist submitted to various well-funded government entities, at the behest of RSHN and GRPS and the payment for such related professional fees borne by RSHN and GRPS, seeking funding for subsidiaries and other companies with which one or both enjoy a strategic alliance:
- New Earth Development Corporation Proposal seeks $400,000,000 from the EPA
- Freedom Fleet Initiative seeking $50,000,000 from the Department of Homeland Security
- Great Rate Freight Inc. seeks $10,000,000 from the Federal Highway Association
- Truckers Coalition of North America seeks $10,000,000 from the Federal Highway Association
- Rhamnolipid, Inc. seeks $48,000,000 from the Department of Agriculture, including for the Purchase land and Biosurfactant tanks, Installation Drones/robots and software automation for its Sales of Biosurfactants and crop management Power replacement of electricity with Solar
- XYZ Hemp, Inc. – seeks $50,000,000 from the Health Resources and Services Administration Development of Free Educational Platform to Alleviate the Shortage of Physicians and Eliminate Medical Student Loan Debt
We are also seeking other funding initiatives which have not yet been filed.
About RushNet, Inc.: RushNet, Inc. is an edibles and beverage based company with stand-alone products, including most enhanced with CBD. Currently, we have developed 14 Products that will take advantage of the natural and non-GMO grow, pristine mineral water enhancement and natural CBD.
About XYZ Hemp Inc., formerly Gold River Production Services, Inc.: XYZ Hemp is a top of the line medical CBD company. With innovative products targeting specific disease states as supplements, XYZ Hemp, along with RushNet, is poised to take CBD to the next level. With two of its top officials being not only medical doctors, but well-versed in the field of cannabis, a team of scientists and technical experts have joined forces to utilize all that CBD and Hemp has to offer.
About the joint venture between XYZ Hemp Inc. and RushNet, Inc.: This joint venture is a unique effort to secure all areas of hemp production from cultivation to extraction and retail with an emphasis on unique products and high-quality CBD. RushNet is more focused on product development, particularly edibles and beverages. XYZ Hemp addresses the more scientific elements of these pursuits, using the same formulations as nutraceuticals. Together, they are able to facilitate the vertical integration envisioned. Both are acquiring and joint venturing with companies in all aspects of the cannabis field as they jointly pursue a full integration cannabis and hemp business model.
Safe Harbor Statement: This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may” or similar words or expressions. Such statements are not a guarantee of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company’s ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, economic, competitive, and equity market conditions.
CONTACT: RushNet, Inc.
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www.XYZHemp.com
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