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EDMOND, Okla., Sept. 25, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE - This 111-year-old mining company is reinventing itself as a multifaceted revenue producer by applying and expanding its $40,500,000 water rights’ assets. The beneficial uses of its water rights include growing industrial hemp, manufacturing CBD products, and undertaking related eco-friendly, high-yield, projects.
An agreement is now in place for Western Sierra to acquire 100% of Western Colorado Farming Initiatives, LLC as a wholly-owned subsidiary. For nearly a year, Western Colorado Farming Initiatives has been building its operation to cultivate hemp, extract CBD oil using state-of-the-art CO2 technology, and formulate and produce high-quality CBD products. The initial industrial hemp crop of more than 15 acres will be harvested beginning in October 2018. The CO2 extraction lab is fully operational, and post-processing laboratory methods have been developed. Wellness products, supplements, and beverages are now being produced.
Western Sierra’s investment and distribution partners, XYZ HEMP, Inc. (presently GRPS) and RushNet, Inc. (RSHN) are working in concert with Western Sierra to expand product lines to meet the demands of the growing distribution network available to these companies. Photographs will be available for the next press release on 9-27-18. Pre-harvest video footage now in production will follow.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company’s ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, economic, competitive, and equity market conditions.
Western Sierra Mining Corp
Western Sierra Website