Islet Holdings, Inc. Adds New Business Pursuits
December 03 2014 - 1:29PM
Business Wire
Islet Holdings, Inc. (Pink Sheets:ISHI)(“the Company”) recently
announced that the Company would expand its business plan to pursue
additional and new medical technologies and products. Today the
Company announced that it has added the development, production,
and sales of cannabidiol (CBD) oil to its business plan. CBD is one
of approximately 85 cannabinoids present in the Cannabis plant.
Use of CBDs is spreading nationwide for treating medical needs
of patients experiencing chronic seizures. CBDs may be extracted
from either hemp or marijuana plants, both of which are Cannabis
plants. Hemp is the term generally used for tall-growing varieties
of the Cannabis plant and is produced for products such as hemp
seed foods, hemp oil, wax, rope, cloth, pulp, paper and fuel.
Additionally, the hemp plant is bred for a nearly non-existent
presence of THC. Cannabis sativa, however, commonly known as
marijuana, are plants bred for and used for psychoactive drug
qualities.
The production and processing of CBDs depends on what Cannabis
plant is utilized. CBD extraction from marijuana plants require
elimination of relatively high quantities of THC through the
breeding process. Through long-term breading, however, the hemp
plant contains minimal, if not negligible, amounts of THC.
CBDs are an entirely separate category from “medical cannabis”
products, which generally retain psychoactive agents. In connection
with this new business opportunity, J. Michael Heil, Director and
CEO of the Company, stated, “Not to be confused with the marijuana
plant itself, CBDs that have less than .3% THC are legal in states
throughout the United States. The Company will obtain CBDs from
domestically grown hemp plants to further assure our planned and
stringent quality controls from planting to packaging. Many people
are suffering today needlessly. We intend to meet their needs
through natural and organic products.”
The Company intends produce CBDs for wholesale and retail sales
and plans to establish strategic alliances and arrangements prior
to the end of the year in furthering its business plan.
Release Note: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing
are forward-looking statements. The realization of any or all of
these expectations is subject to a number of risks and
uncertainties and it is possible that the assumptions made by
management may not materialize.
Islet Holdings, Inc.Mike Heil, 303-587-1435
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