The Now Corporation to Become the Power for Medical Marijuana Hydroponic Hemp Farm on Lands in Colorado
May 05 2014 - 7:30AM
Marketwired
The Now Corporation to Become the Power for Medical Marijuana
Hydroponic Hemp Farm on Lands in Colorado
PORTLAND, OR--(Marketwired - May 5, 2014) - THE NOW CORPORATION
(OTC: NWPN) (the "Company" of "NOW") is pleased to announce that it
has reached an agreement with the Family Trust that holds title to
certain farm lands in the state of Colorado to install the exoPOWER
wind turbine system to provide all of the power needs for a planned
hydroponic hemp and medicinal marijuana farm.
As announced on March 26, 2014, the Company will be a joint
venture partner along with the Family Trust (collectively, the "JV
Partners"), with the right to earn up to 50% interest of a
contiguous 10,000 acres zoned as agricultural land. The JV Partners
plan to build a hydroponic facility to cultivate, harvest and
distribute hemp and medicinal marijuana, as allowed under the
Colorado State Farm Bill, and subject to being granted the
requisite State licenses.
The Company holds certain distribution rights to the exoPOWER
wind turbine technology, and has commissioned SP Power Farm Group
BC Ltd. ("pfBC") and its partner Zephyr Power Consulting ("Zephyr")
to initiate a pre-feasibility study that will include wind
analysis, power requirements to fully self-sustaining, and general
economic modeling for the growing of marijuana, hemp, hydroponic
facilities as electricity is one of the main cash outlays of any of
these projects.
Additionally, NOW and Zephyr have initiated discussions with an
LED lighting system partner to test and develop LED lighting
systems specific for optimal growth of hemp plants in a green-house
environment.
Energy consumption is known to be extremely high for hydroponic
farming operations, and as such, the Company believes that
incorporating off-grid, green power generation solutions with
energy efficiencies of LED lighting systems will position it
alongside other innovative and forward-thinking operators and allow
it to realize substantial economic and environmental benefits
taking advantage of this new State by State approvals for growing
medical marijuana products.
Brian Sims, President of The NOW Corporation commented, "We
believe that the prove-out of our integrative approach for clean
energy production and efficient use of energy will create
significant commercial opportunities in the agricultural and other
industrial sectors for our shareholders, creating huge savings on
power for all grow ops around the world."
The Board has been notified by the accountant the financial
statement for the year ending December 31st 2013 has been prepared
with the first quarter ending March 31st 2014 when approved by the
Company's Board will be filed with OTC Markets Website to comply
with Current Information Tier standards transparency.
On behalf of the Board of Directors,
"BRIAN
SIMS" Brian Sims President The NOW Corporation
Disclaimer:
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933, and are subject to Rule 3B-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of
fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and other results and further events could
differ materially from those anticipated in such statements. Future
events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking
statements.
For more information, please contact: Brian Sims President The
NOW Corporation Phone: +1.800.997.8477 e-mail:
nwpn.exopower@gmail.com www.thenowcorporation.net
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