PODWERKS Signs Exclusive Joint Venture MOU with Yunnan Industrial Hemp for the United States Hemp Market
July 06 2017 - 7:30AM
InvestorsHub NewsWire
Kunming, China - July 06, 2017 - InvestorsHub NewsWire - Santo
Mining Corp. dba PODWERKS (the "Company"),
(OTCBB:SANP)
announces today it has signed an exclusive joint venture MOU with
Yunnan Industrial Hemp for the US Cannabis market. Under the
terms of this joint venture MOU both companies will work together
in developing an international brand for all the hemp and CBD
products Yunnan Industrial Hemp manufactures. The company is
scheduled to sign a definitive agreement during the next 2 to 4
weeks in Beijing and outline a roadmap to market.
Mr. Frank Yglesias CEO stated, “the fact that Yunnan Industrial
Hemp can produce over 2 tons of high grade CBD a year is enormous,
we will be developing a team in the weeks to come of professional
Marketing and Financial Experts to create a goto-market plan for
the US. This joint venture will be a subsidiary of PODWERKS, this
new business structure will be defined during the weeks to come and
we will be announcing the structure and new directors.”
Additionally Mr. Matthew Arnett CMO added, “The Hemp Business
Journal estimated that the CBD market will grow to a $2.1 billion
market in consumer sales by 2020 with $450 million of those sales
coming from hemp-based sources. With this joint venture and
partners like Yunnan Industrial Hemp we can be a force to recon
with in the CBD market. Our first goal will be to develop a
delivery system for our CBD to make us unique in the market.”
Mr. Andy Suo, General Manager of Yunnan Industrial Hemp, stated,
“We are impressed with the harmonious understanding of China and
its culture that PODWERKS executives have, this
is the foundation of this joint venture and its success, we are
committed in making this joint venture a win-win for all.”
About Yunnan Industrial Hemp Inc.
(www.cnhemp.com)
Yunnan Industrial Hemp Inc. (founded in 2001), a wholly-owned
subsidiary of Yunnan Hanpu Health Products Co., Ltd., is currently
China’s only government authorized institution that can plant,
process and deal in industrial hemp products in a large scale and
is China’s first enterprise exclusively engaged in the development
of industrial hemp. They specialize in the development, research,
breeding, planting, industrialized production and marketing of
industrial hemp.
About PODWERKS
(www.podwerks.com)
PODWERKS is a co-working space
for cannabis entrepreneurs in the United States, providing the
necessary framework to grow, market, and sell all cannabis related
products. Our aim is to create a sustainable and community driven
workspace by providing an affordable, scalable and a safe business
environment for our tenants. All Podwerks spaces will feature three
types of pods:
1-Growing pods o Nursery, Production and Drying
2-Office Space pods o Desk space, Wi-Fi, printers, copy machines,
meeting rooms
3-Retail Space pods o Coffee Shop, Hardware Supply Shop, Co-op
Shop
PODWERKS spaces will be located
in urban designated zones permitting the commercial cultivation,
and sales of cannabis related products. Each site will have an
average of ten modified steel shipping container pods with an
onsite manager overseeing day-to-day operations. Working with local
and state agencies, Podwerks container pods will comply with all
building code requirements to ensure the safety of our tenants.
Community is an essential part to Podwerks mission of Grow for
Life. PODWERKS tenants can benefit
from a series of social and professional events designed to foster
collaboration and create a strong and expansive community. Some of
these events will include speaker series, investor panels and local
governments outreach, among others.
PODWERKS is a division of Santo
Mining Corp, a publically traded company in the Over-the-Counter
(OTC) market. It currently trades under the ticker symbol
SANP.
Media contacts:
PODWERKS
Mr. Matthew
Arnett
844.420.4203
media@podwerks.com
http://www.podwerks.com/
Forward Looking Statements and
Disclaimer
Statements made in this press release that express the Company or
management's intentions, plans, beliefs, expectations or
predictions of future events, are forward-looking statements. The
words "believe," "expect," "intend," "estimate," "anticipate,"
"will" and similar expressions are intended to further identify
such forward-looking statements, although not all forward-looking
statements contain these identifying words. Those statements are
based on many assumptions and are subject to many known and unknown
risks, uncertainties and other factors that could cause the
Company's actual activities, results or performance to differ
materially from those anticipated or projected in such
forward-looking statements. The Company cannot guarantee future
financial results; levels of activity, performance or achievements
and investors should not place undue reliance on the Company's
forward-looking statements. No information contained in this press
release should be construed as any indication whatsoever of the
Company's future financial performance, future revenues or its
future stock price. The forward-looking statements contained herein
represent the judgment of the Company as of the date of this press
release, and the Company expressly disclaims any intent, obligation
or undertaking to update or revise such forward-looking statements
to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statements are based. No information in this press
release should be construed as any indication whatsoever of the
Company's future revenues or results of
operations.
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