MARINA DEL REY, Calif.,
July 14, 2014 /PRNewswire/ --
Discovery Minerals LTD. (OTC Pink: DSCR) (OTC: DSCR) Discovery is
pleased to announce that it will finalize a formal joint venture
agreement this week with VPR Group.
The hemp planted on July 1 through
AB AGRO's hemp license will be the initial raw material used to
produce concentrated CBD oil through VPR's proprietary processing
and extraction technology.
This proprietary process has the potential to reduce operational
costs and increase efficiency of CBD oil extraction, resulting in
greater yields and concentrations.
The market price of pharmaceutical CBD oil today is between
20,000 and 30,000 €/kg, (Source: Bio-Based News, May 28, 2014,
http://tinyurl.com/cbd-pricingeu).
VPR's initial production focuses on the extraction of
concentrated CBD oil for wholesale and retail applications. The
production machinery is currently being sourced internationally and
in Canada, ultimately to be
assembled on a site in close proximity to AB AGRO's harvested hemp.
VPR Group anticipates the production facility will be ready for AB
AGRO's hemp harvest. Video of the hemp seed planting is available
online at http://tinyurl.com/dscr-hemp. Additionally, as
weather permits, updated photos and videos will be taken of the
hemp crop's growing progress this week, and will be posted to the
web site.
About Discovery Minerals LTD.
Discovery Minerals Ltd., (OTC PINKSHEETS: DSCR.PK) is an
acquisition and development company that targets natural resource
properties through its subsidiaries. These properties fall within
two primary channels, precious metals/mining and industrial hemp.
Discovery subsidiaries engage in activities that include the
cultivation, product development, and distribution of industrial
hemp; Gold, silver and precious metals. In addition, the Company is
pursuing clean tech and alternative energy investments to be
integrated into these business channels.
About VPR Group, Inc.
VPR Group, Inc. focuses on the production and extraction of
concentrated CBD oils through a proprietary process for retail and
wholesale products.
Safe Harbor
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
27E of the Securities Act of 1934. Statements contained in this
release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approval for anticipated actions.
Contact Person
Russell Smith
+1-310-961-4654
At: info@discoveryholdingscorp.com
SOURCE Discovery Minerals LTD.