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Preferred Commerce signs letter of intent to enter joint venture with Maya Sustainable Systems of Belize for production of  hemp

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Posted: Friday, September 27, 2019. 2:08 pm CST.

By BBN Staff: Preferred Commerce, Inc. (PCI), an international grower, buyer, seller and producer of hemp, today announced the company’s signing of a letter of intent with the Maya Sustainable Systems of Belize to grow industrial hemp for the company’s upcoming exclusive premium Cannabidiol (CBD) and Medicinal Cannabis product line.

Maya Sustainable Systems of Belize selected PCI for this joint venture due to the company’s reputation for providing advanced solutions in horticulture and agriculture.

According to the release, the group that owns Maya Sustainable Systems of Belize is one of the largest landowners and construction companies in Belize.

Being the exclusive license/ permit holder in Belize supported by government is a strong position to be in, said Michael Ferraro, co-founder and CEO of PCI.

The owners of Maya Sustainable Systems of Belize have a solid 20-year history working with the government in Belize on many projects and feel this enables the company to capitalize on the potential production of multiple CBD hemp crops per year.

“We are delighted to be working with Maya Sustainable Systems of Belize. This relationship enables us to immediately position our company as a major supplier to the CBD industry worldwide. Based on the growing conditions, soil and vast amounts of land available to our venture, we feel there is potential for billions of dollars of CBD products,” stated Ferraro.

Ferraro also said that among the strategies to be announced soon are the plans to build a state-of-the-art distillery/refinery on the property for product production and global distribution. Maya Sustainable Systems of Belize has international relationships that add value to the existing U.S. and Canadian relationships of Preferred, that should yield strong sales and ROI for our investors.

Since the consideration of this project, the company has received multiple contacts for product and contract growing opportunities.

PCI says that it is pursuing a dominant footprint in the international grower industry.

As grower, producer and provider of wholesale and retail CBD and Cannabis products, PCI intends to become a robust contender where legal in the U.S. and abroad.

 “Our approach to gain land in strategic locations will allow us to penetrate the market without restraints that most will face. We have a focus on soil and temperature, as well as ease of shipping and receiving of finished products,” Ferraro said. “We want to be the company that anyone can call for product 365 days per year and we can deliver. We want to be able to contract-grow for large corporations and deliver when they need it without having to wait until the next growing season, and Belize is a great add-on to this approach, ”a statement from the company said.

In addition, the report cites that a research yielded that the global legal marijuana market size is expected to reach USD 66.3 billion by the end of 2025.

PCI is an international grower, buyer, seller and producer of hemp for cannabidiol (CBD) isolate and oils.

The company is procuring land and licensing to grow medical marijuana, and is establishing the necessary joint-ventures licenses and land to grow and produce a considerable abundance of hemp and medical marijuana in efforts to fulfill the company’s vision of becoming a leading global hemp supplier for medicinal marijuana, nano emulsified water soluble CBD, and a spectrum of CBD derived products.       

 

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