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U.S.: Company Announces Cannabis Infused Sexual Health, Weight Loss Beverage Line

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The American Seed & Oil Company on Tuesday highlighted plans to expand its existing beverage line to include cannabis infused sexual health, weight loss, and fitness drinks.

The drinks will be marketed nationwide, and will not contain any THC (the main psychoactive ingredient found in cannabis). They will contain hemp-derived cannabidiol (CBD), which has health benefits but produces no high.

The company currently offers the DuBe Hemp Energy Shot, a CBD drink, for sale online and through retail distribution, and recently disclosed ongoing negotiations to acquire a health beverage company. Management said it anticipates the beverage company acquisition to be completed within 30 to 45 days.

"The American Seed & Oil Company has been in discussions with a Dallas, Texas based health beverage company for almost one year regarding the joint development of a line of cannabis infused drinks," said CEO Steven Rash. "Those discussions evolved to include specific negotiations for the American Seed & Oil Company to acquire the health beverage company.

"Yesterday, the American Seed & Oil Company received an investment commitment supporting the proposed acquisition to include the post acquisition initial focus on introducing hemp infused beverages for sexual health, weight loss and fitness," Rash said.

U.S.: Medical Cannabis Cooperative Announced For Independent Marijuana Cultivators

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The American Seed & Oil Company Medical Cannabis Cooperative, an organization of independent hemp and marijuana cultivation organizations, was announced on Tuesday. The intent of the cooperative is that by working together, cultivators can more rapidly and soundly expand their respective operations.

American Seed & Oil Company is dedicating its previously announced $1.2 million in secured funding to The Medical Cannabis Cooperative.

"American Seed & Oil Company is committed to establishing a leadership position within the developing U.S. legal cannabis industry," said Steven Rash, CEO of Algae International, Inc. and its operating subsidiary, the American Seed & Oil Company. "We believe our investment of time, talent and resources in a Cooperative Cannabis Cultivation strategy will more rapidly expand our revenues and assets than solely investing in the construction of wholly owned cannabis cultivation operations."

"We are already piloting a number of cannabis consumer products; working to develop a number of cannabis commercial products; contributing to the effort to mature and advance legalization nationwide and at the same time investing in the infrastructure to grow and process cannabis," Rash said. "We continue to evaluate and evolve our overall approach toward all these ends.

U.S.: DuBe Hemp Energy Shot Now Available In Colorado, New Hampshire and Vermont

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Algae International Group, Inc., through its operating subsidiary American Seed & Oil Company, on Friday announced an expansion of the previously announced distribution agreement of the DuBe Hemp Energy Shot in Texas and Kentucky. American Seed & Oil will now be selling the DuBe Hemp Energy Shot in Colorado, New Hampshire and Vermont.

"The response to the DuBe Hemp Energy Shot from our distribution network has been extremely positive," said Steven Rash, CEO of Algae International Group and American Seed & Oil. "We went back and asked to expand our distribution network into the additional states because we had unsolicited demand from those states.

"In addition to expanding our retail distribution network, we will soon be adding ecommerce to our website and selling the DuBe Hemp Energy Shot online with other organically certified hemp infused consumer products," Rash said.

The DuBe Hemp Energy Shot is a berry-flavored, all natural, zero calorie, sugar free, gluten free, GMO free energy shot infused with Hemp Pro 70 Protein Powder, "providing smooth energy for hours," according to the company. A DuBe CBD Energy Shot is coming soon, according to the company.

DuBe Hemp Energy Shot Products are herbicide and pesticide free, peanut-free, vegetarian approved, kosher certified, THC-free (NO THC, 100 percent Legal), and tryspin inhibitor free, the company said.

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