FinancialNewsMedia.com

FinancialNewsMedia.com
Professional News Dissemination Services

Tuesday, April 22, 2014

$PIHN - Polaris International Holdings Enters Joint Venture for Kentucky Hemp Project

PLANO, Texas, - (http://www.financialnewsmedia.com News Alert) - Polaris International Holdings, Inc. (OTC: PIHN) has entered into a revolutionary agreement with a 70 acre hemp farm in Kentucky. The agreement provides for Polaris to secure 100% of the harvested material for the extraction of cannabinoids.

Polaris is focused on the development of their ProCannas Product line and intends on utilizing some of the production of Hemp to be used for the production of such said line of products and the availability to enter into other markets as well.

The two companies will form a separate LLC of which each company will be members.

Kentucky passed SB50 in 2013 which removes hemp from the controlled substances list and allows for Kentucky farmers to cultivate the crop without fear of law enforcement. To read the entire bill visit http://www.lrc.ky.gov/record/13RS/SB50.htm

"With Kentucky's SB50 becoming law and allowing the growth of hemp, the opportunity to secure farmland for our benefit was necessary. By entering this joint venture, we are opening the door to establish our own supply of CBD for use in our ProCannas products. This will substantially reduce our production costs and therefore increase profitability for the Company." states Medical Director, Dr. Vasthi Alvarez Avila. Tentative plans for extraction of the CBDs from the growth production will be completed within Kentucky which will decrease delivery and production time.

The Company is also looking forward to the launch of its new website in the coming weeks which will have more detailed information on the company, production, and the ProCannas line of products.

ABOUT THE COMPANY

ProCannas core business focuses on the manufacture and distribution of new, pharmaceutical grade cannabinoid based products for medicinal use. Due to the concentrated strength and unique mix of ingredients integrated within our products, they are intended to be available to patients only through licensed participating physicians. Due to recent changes in the law regarding the medical use of marijuana, coupled with studies and a strong body of evidence highlighting that THC is not the significant component for medicinal use, doors are opening for innovation. Laws are expected to become even more favorable for companies like ProCannas. The Company intends to target a broad range of specialties with this novel product, including but not limited to sports medicine, pain management, neurology, and osteopathic medicine.

Safe Harbor Statement:

This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

Investor Inquiries: Polaris International Holdings, Inc. http://www.Procannas.net +1-970-279-3478 Info@Procannas.net

SOURCE Polaris International Holdings, Inc.
--------------

Disclaimer
FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNMG is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNMG was ompensated three thousand five hundred dollars for this  Polaris International Holdings, Inc.  news coverage by a non-affiliated third party.  FNMG HOLDS NO SHARES OF   Polaris International Holdings, Inc. 

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

No comments:

Post a Comment