ENVIRO-SERV, INC. ANNOUNCES ADDITIONAL JOINT VENTURE INVESTMENT OF
$150,000 INTO PROCESSING PARTNERSHIP MASON JAR FARMS FOR CONTINUED
VERTICAL INTEGRATION IMPLEMENTION.
Tampa, FL -- June
11, 2020 --
InvestorsHub NewsWire -- Enviro-Serv Inc. (USOTC:
EVSV) ("EVSV")
is extremely excited to announce the company has
invested an additional $150,000 with processing partner Mason Jar
Farms a/k/a Flower To The People LLC. To date EVSV has invested a
total of $250,000 in a joint venture with Canna Capital Development
Group LLC into the Plymouth Wisconsin premier processing group in
its efforts towards
full vertical
integration into the Hemp space arena.
Enviro-Serv,
Inc. Chairman and CEO Chris
Trina stated this to the
investment community about Canna Capital
Development Holdings LLC and our strong relationship moving
forward, "Canna Capital Development
Group LLC, a private investment firm, founded by James A. Reitzner
was specifically created to focus in the hemp/ cannabis space. Mr.
Reitzner is a retired real estate entrepreneur who has been
involved in growing, harvesting, processing, developing, and
selling hemp products since 2018. Mr. Reitzner is the
company's largest stake holder with total direct investments into
EVSV of $450,000. Canna Capital currently
participates in key aspects
of the cannabis
industry with investments in farming, equipment, processing and
medical marijuana. Canna Capital recently assisted EVSV to develop
the resources to increase its involvement in the hemp/cannabis
business by providing EVSV with funding to expand its presence with
processing partner, Mason Jar Farms. This enabled the Plymouth,
Wisconsin, processor to purchase state-of-the-art equipment used to
process biomass to crude oil and also technology to remove THC from
finished oil. THC is the ingredient that causes the "high" in
marijuana, and is strictly regulated in most states.
This procedure
is essential to transform raw crude oil to a refined THC product
with a value equal to seven times its crude oil origin. At today's
market prices, a kilogram of crude oil is valued at approximately
$400 compared to the equivalent of THC free oil at
$3000. This highly demanded
form of oil is
used to make numerous hemp and CBD products.
All of these
activities and investments will move EVSV and Mason
Jar to a vertically
integrated enterprise which will enable them to take hemp from soil
to salable oil in one controlled and profitable
process."
Mason Jar Managing Partner
Todd Gruen had this comment, "We are excited to have
additional investment capital in our growing business. We will use
this funding to enhance our infrastructure and ability to produce
high quality THC free CBD oil more efficiently and
precisely.
Mr. Trina ended his comments
by stating, "We are very fortunate and blessed to have such an
extremely creative and motivated investing partner in Jim Reitzner
who holds the same exact vision of our future that I and our entire
farming team does as well. Jim and I are strong believers that the
"strong" will indeed survive not only these unforeseen delays we
have faced but will prosper greatly in
the future of Hemp and all related products in the cannabis
space. The company will be releasing imminent milestone news
events as they unfold over the very near term as we strongly
believe that the second half of 2020 will be filled with very
exciting profitable developments. We greatly appreciate the
patience and support of the investment community. Please stay
healthy and stay safe."
COVID 19
UPDATE:
BOTH
SUBSIDIARIES- "GO FARM HEMP"
(AGRICULTURE) AND
"ENVIROSERV PEST MANAGEMENT SERVICES" (PEST CONTROL
MANAGEMENT) HAVE BEEN
DEEMED ESSENTIAL BUSINESSES IN BOTH RESPECTIVE STATES WISCONSIN AND
FLORIDA AND THEREFORE REVENUES AND BUSINESS PLANNING STRATAGIES HAS
NOT BEEN AFFECTED NEGATIVELY THUS FAR
PLEASE
VISIT OUR WEBSITES
AT
GOFARMHEMPEVSV.COM
AND
EVSVINC.COM AND FOLLOW
US ON FACEBOOK AND TWITTER FOR CONTINUOUS UPDATES
Disclaimer/Safe
Harbor:
This news release contains
forward-looking statements within the meaning of the Securities
Litigation Reform Act. The statements reflect the Company's current
views with respect to future events that involve risks and
uncertainties. Among others, these risks include the expectation
that any of the companies mentioned herein will achieve significant
sales, the failure to meet schedule or performance requirements of
the companies' contracts, the companies' liquidity position, the
companies' ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
CONTACT:
CHRIS
TRINA
CEO
Enviro-Serv,
Inc.
813-708-9910