DGDM to Establish Facility Targeting Hemp-Based Alternative Meat Opportunity
Flower Mound, Texas, and Ronan, Montana--(Newsfile Corp. - October 8, 2020) - Digital Development Partners, Inc. (OTC PINK: DGDM) ("DGDM" or the "Company"), doing business as Black Bird Potentials Inc., the exclusive distributor of MiteXstream biopesticide and manufacturer of Grizzly Creek Naturals CBD products (GrizzlyCreekNaturals.com), is excited to announce the launch of the Company's new "Black Bird American Hemp" processing division, a strategy focused on the production and sale of high-quality hemp-based protein products to target the rapidly expanding alternative meat industry, which is currently dominated by Beyond Meat (www.beyondmeat.com) and Impossible Foods (www.impossiblefoods.com).
"Exceedingly high in protein, naturally gluten-free, low in carbohydrates, with omega fatty acids and all of the amino acids - the nutritional value of hemp hearts, the 'nut' inside the hemp seed, cannot be overstated," commented Fabian Deneault, President of DGDM. "By focusing on hemp as a food product, we believe Black Bird American Hemp will have the ability to deliver a compelling high-quality, cost-effective, good-tasting protein source to the dynamic alternative meat industry."
According to a recent report from Barclays, the alternative meat industry is expected to approach $140 billion in annual sales by 2029. (https://www.cbinsights.com/research/future-of-meat-industrial-farming/). Management believes Black Bird American Hemp will become a leading producer of several traditional hemp products, including animal bedding, insulation, and hemp plastic.
The Company recently retained the services of Ag Processing Solutions, Inc., a Great Falls, Montana-based hemp processing consulting firm, whose President, Andrew Bishop, stated, "the hemp industry has a lot of potential for growth. However, the first step is establishing the industrial hemp supply chain. An essential link in that chain is locating processors near hemp growers. I'm excited to work with Black Bird American Hemp on a facility that utilizes the whole hemp plant."
DGDM: Doing Good, Doing More. DGDM is always looking for ways to live up to its mission statement, Doing Good, Doing More.
Through its subsidiary Black Bird Potentials, DGDM manufactures and sells CBD products, including CBD Oils, gummies and pet treats, and CBD-infused personal care products, as well as hand sanitizer gel and spray products. In addition, Black Bird is a licensed grower of industrial hemp under the Montana Hemp Pilot Program. Black Bird is the exclusive distributor in the U. S. and Canada for MiteXstream, a plant-based biopesticide effective in the eradication of spider mites, a pest that destroys crops, especially cannabis, hops, coffee and house plants, as well as molds and mildew. EPA approval of MiteXstream is expected in late 2020.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking information including statements that include the words "believes," "expects," "anticipate," or similar expressions. Such forward looking-statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Information concerning these and other factors can be found in the company's filings with the SEC, including its Forms 10-K, 10-Q, and 8-K, which can be obtained on the SEC's website at http://www.sec.gov.
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