President Obama To Sign Farm Bill Today Legalizing Hemp Cultivation
February 07 2014 - 12:10PM
Access Wire
February 7, 2014 Corona, CA - Extreme
Biodiesel, Inc. (PINK:XTRM) announced today through its
wholly owned subsidiary that President Obama will sign the $956
billion farm bill on as he travels to Michigan State University to
extol the benefits of a thriving agricultural sector for the
nation’s overall economy.
White House officials said the president would also take the
opportunity to highlight growth in the farming economy during the
last five years, and to note how agriculture has contributed to the
economic recovery.
The White House released a report on Friday from Mr. Obama's
Council of Economic Advisers that says farm income has risen
significantly since the president took office in the depths of the
recession.
"The past five years represents one of the strongest periods in
our nation's farm economy," the report notes. "Not only does
American agriculture put food on the table of American families at
affordable prices and provide raw material for a range of vital
purposes, it also supports one out of every 12 jobs in the economy.
The hard work done on the farm is felt throughout our economy,
particularly when agriculture is thriving."
Recently Extreme Biodiesel Inc. Announced that the Company
wholly owned subsidiary XTRM Cannabis Ventures has just completed
assembly of its first Mobile Hemp To Biodiesel Production Unit.
A problem for the biofuel industry has always been locating
cost-effective products for conversion into biodiesel. Until
recently Hemp was simply too expensive to consider for biodiesel,
but with the passage of the farm bill hemp costs are expected to
decrease. Given that Hemp seed has a better cloud point and cetane
value plus similar oil content to other seeds such as Canola, Hemp
will quickly become a viable and better alternative.
Company President Joe Spadafore stated "Today is a very exciting
day for us. Extreme has many projects in the pipeline to go
after the growth in the cannabis sector. On behalf of XTRM
Investors we would like to congratulate President Obama on today's
signing"
Other Relevant Links
Legalization of Hemp
http://www.marketwatch.com/story/victory-for-hemp-farmers-as-us-house-of-representatives-legalizes-the-cultivation-of-hemp-2014-02-03?reflink=MW_news_stmp
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/
Investor Relations Contact
info@extremebiodiesel.com
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.
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