February 25th, 2014 / Corona, CA / Extreme Biodiesel, Inc. (XTRM) and its wholly owned subsidiary XTRM Cannabis Ventures announced today the following updates regarding the land development project.
40 Acre Hemp / Medical Marijuana Land Project Update
The Company is pleased to report that it plans to close escrow on the property on or before March 20th, 2014.
The project, when built out is expected to use the 40 acres to accommodate up to five 20,000 sqft warehouses for indoor marijuana / cannabis growth, 20 acres for outdoor Hemp cultivation for biodiesel, and an industrial center to process marijuana / cannabis into smokeless products.
President Joseph Spadafore stated “The passage of the Farm Bill and Marijuana Legalization Progress has really generated vast opportunities for XTRM. We have already identified two additional parcels of land in California that are candidates for our planned Hemp To Biodiesel project and Marijuana cultivation once approved by any state and/or federal authorities. Once the 40 acre parcel is closed next month we plan to acquire at least 1 more parcel of land”
About Extreme Biodiesel and XTRM Cannabis Ventures
Extreme Biodiesel is an alternative fuel and recycling company. Our mission is to provide a cost-effective, high-quality alternative diesel fuel, create "green" jobs, reduce the environmental impact of fossil fuels and diminish US reliance on foreign oil. Extreme Biodiesel is currently repositioning itself into a holdings corporation with focuses on Bio Diesel, Real Estate, Technology and Cannabis Sectors.
XTRM Cannabis Ventures is a wholly owned subsidiary of Extreme Biodiesel focused in the sector of Medical Marijuana, Cannabis and Hemp related products.
XTRM Cannabis Ventures Disclaimer
The Company would like to assure all investors that in all cannabis related actions the Company is conferring with counsel to be sure any business activities are deemed legal. XTRM advises all investors to see the website being developed at http://xtrmcannabisventures.com/
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Safe Harbor Disclaimer
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. XTRM is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Extreme Biodiesel
Release ID: 34294