Oxford Investments Holdings Subsidiary Enters into Letter of Intent with Colorado Hemp Farm Operator
Toronto, Ontario--(Newsfile Corp. - May 15, 2019) - Oxford Investments Holdings Inc. (OTC Pink: OXIHF) ("Oxford" or the "Company") is pleased to announce that its wholly-owned subsidiary, Pioneer Green Farms LLC, has executed a Letter of Intent with Colorado-based Sugar Magnolia Hemp Farms LLC for a proposed 25-year lease agreement to cultivate hemp. A final binding lease and operational agreement would call for cultivation of 10 acres in 2019, then expanding to 40 total acres in 2020; 35 acres dedicated to farming and 5 acres dedicated to meet the needs of processing our crops, including a 5,000 sq ft. storage building with lab.
Sugar Magnolia Hemp Farm LLC will be responsible for licensing and renewals with the Colorado Department of Agriculture Licensing. The Letter of Intent also depicts a purchase of infrastructure and installation of an extraction, storage and drying building that will act as both a laboratory and product storage. The joint venture will promote probiotic growing methods between two countries and will produce GMA Full-Spectrum Hemp oil for global distribution. The full-spectrum cannabis sativa hemp oil is the finest probiotic full-entourage oil on the market. The Company wants to stay ahead of the curve as the future of CBD switches from isolate to Full-Spectrum oil.
"This agreement represents a significant step towards an international vertically integrated CBD company from farm to shelf for production of full-spectrum CBD crude and distillate products for our retail markets," stated Michael Donaghy, President of Oxford. "We believe it is important to be in control of our own safe probiotic pesticide- free source of hemp and CBD oil supplies as demand for CBD Full-Spectrum oils is expected to continue to expand dramatically over the coming years. Current LOI is being negotiated for sale of biomass for the 2019 growing season."
Oxford Investments Holdings Inc.
Michael Donaghy 1-727-304-8003
About Oxford Investments Holdings Inc.
Oxford Investments Holdings Inc., through its Florida-based subsidiary, FloraCana Consultants Inc. is marketing the sale of CBD store franchises and license agreements throughout the United States under the Pioneer Green USA brand. The Company currently has three licensed stores operating in Florida and plans to expand into Europe in 2020 and Canada once Health Canada legislation around CBD is established.
FORWARD LOOKING STATEMENTS DISCLAIMER:
Statements in this press release, which are not historical, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks associated with the Company's financial condition and prospects, legal risks associated with product liability and risks of governmental legislation and regulation, risks associated with market acceptance and technological changes, risks associated with dependence on suppliers, risks relating to international operations, risks associated with competition and other risks detailed in the Company's filings with securities regulatory authorities. These risks may cause results to differ materially from those projected in the forward-looking statements.
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