The Hemp Network and CannnBANK Inc\u2019s acquisition arm in the United States have joined forces with the BullnBear Group, S.A. of Guatemala City,Guatemala to provide hemp-related products from Guatemala into The Hemp Network\u2019s marketing platform.\u00a0 The joint announcement was made today from bothSan Diego, California (headquarters of CannaBANK) as well as from Guatemala City, Guatemala (home of the BullnBear Group, S.A.).<\/p>\n
Guatemala is well known for its textile development and processing facilities but also for its indigent group of workers who are talented in producing hand-weaved products.\u00a0 The BullnBear group, S.A. is in process of contracting with a Guatemalan Government Charity program, known as the Cooperatives, who provide employment for these indigenous workers.<\/p>\n
The Cooperative workers would be producing fine quality hemp purses, pocketbooks, wallets, belts, shoes and related products for distribution through the efforts of The Hemp Network.\u00a0 Other clothing products would be contracted for production through various Maquila\u2019s (textile production factories) inGuatemala.\u00a0 These clothes would be socks, shirts, t-shirts, pants and the like.\u00a0 Many top fashion designers are now using hemp for their upscale clothing lines, as it is very \u201cgreen\u201d, holds shape well and has breathable properties \u2013 keeping one warm in winter yet cool in summer.<\/p>\n
The BullnBear Group, S.A. has been selected by The Hemp Network to line up contractual arrangements to have end products manufactured and delivered to facilities in the USA.\u00a0 Here the worldwide efforts of The Hemp Network team will distribute to end consumers.<\/p>\n
Industrial hemp is a natural and valuable resource that grows without fertilizers and pesticides \u2013 hemp actually feeds the soil with added nutrients for each crop produced.\u00a0 Although illegal to grow industrial hemp in the USA, recent laws are changing to allow US farmers access to this plant that was once grown abundantly in US soils.\u00a0 Presently there are many countries around the world where hemp can be grown legally, including US neighbor Canada.<\/p>\n
Hemp products are seen as very \u201cgreen\u201d by modern conscientious people, as the plant requires no artificial chemicals to grow (unlike cotton for instance) and adds nutrients back to the soil.\u00a0 Hemp products are durable and will last a lifetime.\u00a0 Industrial hemp has over 55,000 known uses, including that for Bio-Fuel, Building Materials, Textiles and Food.\u00a0 Hemp oil and the hemp seeds are extremely nutritious, containing significant essential fatty acids and a balanced mix of protein, vitamins and trace minerals.<\/p>\n
Maya Solombrino, President of BullnBear group, S.A. was quoted: \u201cthis is a very exciting announcement for us to have been chosen as the \u2018on the ground\u2019 presence for The Hemp Network in locating and developing hemp products.\u201d\u00a0 \u201cWe are very excited to develop this with the wonderful Guatemalan charity organization, known as the Cooperatives.\u201d\u00a0 Stuart W Titus, PhD, BullnBear Group VP and CFO went on to comment before reporters: \u201cIndustrial hemp is a wonderful way for us all to move forward as a society \u2013 while at the same time, recapturing the hemp tradition that founded America.\u201d\u00a0 \u201cFor instance, Thomas Jefferson was a hemp farmer and buildings at Balboa Park, an historical landmark in San Diego, California were constructed from hemp building materials.\u201d<\/p>\n
ABOUT BULLNBEAR GROUP, SA<\/p>\n
BullnBear Group, S.A. was formalized as a corporation in October 2010 to promote business development, including importation and exportation business, between Guatemala and the more developed countries of the world.\u00a0 The company has had focuses in Financial Services (including corporate payroll services, remittance programs; insurance, investment banking) Agriculture; Medical; Energy and Building Materials.\u00a0 The company plans to shortly announce their additional business programs and new management team to the public. \u00a0Please watch for additional press releases.<\/p>\n
ABOUT CANNABANK<\/p>\n
CannaBANK’s mission is to help create a sustainable economy which in turn helps create a sustainable planet offering health and economic freedom through education and awareness.\u00a0 CannaBANK\u2122 recently acquired a controlling interest in OTC Pink Sheets Medical Marijuana Inc (MJNA).<\/p>\n
CannaBANK\u2122 and the CannaBANK\u2122 logo are registered trademarks of Hemp Deposit & Distribution Corp. (HDDC), d\/b\/a CannaBANK, Inc. in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word “partner” does not imply a partner relationship between CannaBANK and any other company.<\/p>\n