Oxford Subsidiary Commences Construction of Hemp Extraction Facility in Colorado
Toronto, Ontario--(Newsfile Corp. - May 29, 2019) - Oxford Investments Holdings Inc. (OTC Pink: OXIHF) ("Oxford" or the "Company") is pleased to announce that pursuant to the recently announced Letter of Intent with Colorado-based Sugar Magnolia Hemp Farms LLC., its wholly-owned subsidiary Pioneer Green Farms LLC has commenced the construction of an extraction, drying, and storage building in Colorado. The facility will also house a laboratory. The joint-venture is acquiring the necessary infrastructure and materials and expects delivery in mid-to late June 2019. Planting of hemp clones began last week and the extraction facility is expected to be completed in time for harvest of the initial crop.
Cultivation of the crop will be completed using natural farming techniques that have a positive environmental impact while providing an ultra-high quality product. No chemicals or pesticides are ever in contact with plants in the fields.
"The initial planting phase for the first 10 acres is expected to yield 30,000 lbs of biomass which could produce approximately 2300 lbs of full-spectrum distillate, the key ingredient in our CBD products. Controlling our supply chain ensures our customers have access to the cleanest, highest quality CBD products on the market," says Michael Donaghy, President of Oxford.
Oxford Investments Holdings Inc.
Michael Donaghy 1-727-304-8003 / 416-576-4671
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 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45110