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FBC Holding in Talks With International Cannabis Seed Producer to Secure U.S. Distribution
NEW YORK, NY–(Marketwired – Mar 27, 2014) – FBC Holding, Inc. (PINKSHEETS: FBCD) (“FBC” or the “Company”), an international product development company primarily focused on license/creation management and product sales/distribution through DRTV, announced that the Company has entered into negotiations with international cannabis seed producer, Yuti Kusumawijaya, to gain a right to sell and distribute Yuti Kusumawijaya cannabis seeds within the United States.
“With the passage of the U.S. Farm Bill in 2014, the legalizing of marijuana in Colorado and Washington, along with the decriminalizing of marijuana possession in several states, we look to be in a ‘first mover position’ when the inevitable occurs and the larger part of the country follows the example of Colorado and Washington,” stated Mr. Frank Russo, Chief Executive Officer of FBC Holding, Inc. “Having an arrangement with a major cannabis seed producer to market and distribute high grade seeds within a rapidly growing marijuana tolerant nation, would well position our budding agricultural division to take advantage of FBC Interactive’s marketing and sales outlets.”
FBC Holding is aware that the use, sale and possession of cannabis (marijuana) in the United States continues to be illegal under federal law, however, some states have created exemptions for medical cannabis use, as well as decriminalized non-medical cannabis use. It is expected however, that the rest of the country will eventually follow suit. FBC would be responsible for all reporting, licensing and/or any other action deemed appropriate by any U.S. governing body policing the supply of Marijuana
Mr. Russo concluded, “If we are successful in securing an agreement with Yuti Kusumawijaya, especially with some degree of exclusivity, FBC would have the ability to fulfill the needs of a very large and continually growing cannabis community; particularly as States continue to come online with legalizing the use, possession and growing of marijuana. Most important, the business model fits perfectly with other licensing opportunities we have explored for our agricultural division. We should be able to leverage multiple agricultural licenses by demonstrating relevance of use, application and synergies between them to create an extremely profitable product pipeline.”
Management is confident that it will secure two lucrative licenses for products which will be complements to a U.S. cannabis seed distribution arrangement should the parties come to amenable terms.
About FBC Holding, Inc.
FBC Holdings develops and markets innovative products using a ‘new proprietary’ technology whereby buttons, switches, wires and other electrical components can be printed on nearly any media. Management is experienced in Direct to Consumer Marketing (design, manufacture and market creative products leveraging cutting edge technology). FBC’s market is diverse, covering consumer products, health care related products, and toy and entertainment products.
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