american seed & oil company

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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.: 'Hempster Clothing' To Begin Online Sales April 20; Profits Go To Legalization

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The 'Hempster Clothing' line was introduced on Thursday by Algae International Group, Inc., through its operating subsidiary American Seed & Oil Company.

The company is introducing the first clothing items it plans to start selling through an e-commerce site by April 20. The introduction of the first clothing items will be combined with a campaign to fund efforts to legalize marijuana nationwide.

American Seed & Oil Company will introduce four t-shirts bearing various designs specific to the 'Hempster Clothing' line brand. One hundred percent of the profit from the sales of these first four t-shirts over the course of the next year will be donated to the Marijuana Policy Project (MPP), an organization dedicated to ending the federal prohibition of marijuana and empowering states to regulate their own marijuana policy.

American Seed & Oil's overall mission is to create a variety of market competitive, environmental conscious, consumer and commercial products utilizing various forms of cannabis. A clothing line was conceived as part of American Seed & Oil Company's original business plan.

Hemp requires half the water and half the land required by cotton to produce equal quantities of fiber for clothing production. While cotton accounts for a major portion of agricultural pesticides, hemp requires no pesticides at all.

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