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Form 10-Q for PLANDAI BIOTECHNOLOGY, INC.


12-Feb-2015

Quarterly Report

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSThis statement includes projections of future results and “forward looking statements” as that term is defined in Section 27A of the Securities Act of 1933 as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934 as amended (the “Exchange Act”). All statements that are included in this Quarterly Report, other than statements of historical fact, are forward looking statements. Although management believes that the expectations reflected in these forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct.

BUSINESS

Planda� Biotechnology, Inc., (the “Company”) through its acquisition of Global Energy Solutions, Ltd. and its subsidiaries, focuses on the farming of whole fruits, vegetables and live plant material and the production of proprietary functional foods and botanical extracts for the health and wellness industry. Its principle holdings consist of land, farms and infrastructure in South Africa.

The Company was incorporated, as Jerry’s Inc., in the State of Florida on November 30, 1942. The company catered airline flights and operated coffee shops, lounges and gift shops at airports and other facilities located in Florida, Alabama and Georgia. The company’s airline catering services included the preparation of meals in kitchens located at, or adjacent to, airports and the distribution of meals and beverages for service on commercial airline flights. The company also provided certain ancillary services, including, among others, the preparation of beverage service carts, the unloading and cleaning of plates, utensils and other accessories arriving on incoming aircraft, and the inventory management and storage of airline-owned dining service equipment. In March of 2004 we moved our domicile to Nevada and changed our name to Diamond Ranch Foods, Ltd. Diamond Ranch Foods, Ltd. was engaged in the meat processing and distribution industry. Operations consisted of packing, processing, custom meat cutting, portion controlled meats, private labeling, and distribution of our products to a diversified customer base, including, but not limited to; in-home food service businesses, retailers, hotels, restaurants and institutions, deli and catering operators, and industry suppliers. On November 17, 2011, the Company, through its wholly-owned subsidiary, Planda� Biotechnologies, Inc. consummated a share exchange with Global Energy Solutions Corporation Limited, an Irish corporation. Under the terms of the Share Exchange, GES received 76,000,000 shares of Diamond Ranch that had been previously issued to Planda� Biotechnologies, Inc. in exchange for 100% of the issued and outstanding capital of GES. On November 21, 2011, the Company filed an amendment to the articles of incorporation to change the name of the company to Planda� Biotechnology, Inc.

We will continue to seek to raise additional capital through the sale of common stock to fund the expansion of our company. There can be no assurance that we will be successful in raising the capital required and without additional funds we would be unable to expand our plant, acquire other companies, or further implement our business plan. In April 2012, through our subsidiary companies, we secured a 100 million Rand (approximately $9.5 million at current rate of exchange) financing with the Land and Agriculture Bank of South Africa which will be used to build infrastructure and further operations. During the previous nine months, we have borrowed $5,000,000 from an unaffiliated third party under a twelve month promissory note due and payable June 30, 2015 and earning interest at 6% per annum.

PRODUCTS AND SERVICES

Planda� has a proprietary technology that extracts a high level of bio-available compounds and phytonutrients from organic matter, including green tea leaves, citrus and many other plants. Various tests have been conducted over the past ten years using this technology to generate functional chemical compounds possessing nutritive properties that act effectively as preventive agents in the healthcare field. Polyphenols from green tea are an excellent source antioxidant and anti-carcinogenic substances. The Company leases 3,000 hectares of agriculture land in Mpumalanga, South Africa, under a 49-year notarial lease, which includes over a thousand acres of cultivated green tea. In addition, the Company has recently completed a 30,000 sq. ft. state-of-the-art extraction facility on site which came online in December 2014. Planda� intends to use its plantation leases to focus on the farming of whole fruits, vegetables and live plant material and the production of proprietary botanical extracts for the health and wellness industry using its proprietary extraction technology and the extraction facility.

Many botanical extracts have demonstrated varying degrees of health benefit, and many pharmaceutical drugs are either derived directly from plant extracts or are synthetic analogs of phytonutrient molecules. Green tea leaf, for example, has

shown promising in-vitro results as an anti-oxidant, with hundreds of different published studies demonstrating its potential usefulness in weight loss, anti-viral, anti-cancer, and anti-parasitic applications, amongst others.

The company is presently developing for market two unique extracts: Phytofare� Catechin Complex and Phytofare� Limonoid Glycoside Complex. The catechin complex is derived from green tea harvested locally on the Senteeko Tea Estate in Mpumalanga, South Africa, and then processed on a state-of-the-art extraction facility constructed onsite using funds obtained from the Land and Agriculture Bank of South Africa. The facility became operational in December 2014, with initial sales anticipated to commence first quarter 2015. The limonoid glycoside product is extracted from lemons which are sourced from local plantations in South Africa and then produced in the same factory that makes the green tea product. The Phytofare� Limonoid Glycoside Complex will be introduced to the market in July 2016.

On August 30, 2013, Planda� entered into a license agreement with North-West University in Potchefstroom, South Africa, which granted the company the exclusive right to use the University’s Pheroid� technology to product nano-entrapped botanical extracts for human and animal use. The company believes that this technology will enable it to develop products with much higher absorption coefficients in both topical use and oral consumption.

The Company is actively pursuing research on additional botanical extracts that have known or suspected pharmaceutical properties. This research includes developing a non-psychoactive cannabinoid extract through the Company’s wholly-owned subsidiary, Cannabis Biosciences, Inc. This company has concluded its investigative research on cannabis and developed a method of extraction which it believes can produce a complete cannabis complex in a highly bioavailable format but without psychoactive effects. The Company obtained a license in Uruguay that will permit it to produce its cannabinoid extract and conduct laboratory research on live cannabis plant. Provided that the company can produce such an extract, the plan is to commence animal research on neural disorders such as Parkinson’s, Alzheimer’s, MS, epilepsy, and post-concussion syndrome in order to determine definitively if cannabis possesses medicinal properties meriting further human trials.

COMPETITION

The Company faces competition from a variety of sources. There are several large producers of farm products including green tea and there are numerous companies that develop and market nutriceutical products that include bio-available compounds including those from green tea and citrus extracts. Many of these competitors benefit from established distribution, market-ready products, and greater levels of financing. Planda� intends to compete by producing higher quality and higher concentration extracts, producing at lower costs, and controlling a vertically integrated market that includes all stages from farming through production and marketing. The company’s unique patent-pending technology, combined with the patented Pheroid� technology, should provide several unique market advantages in the form of higher absorption, increased bioavailability, and lower dosage requirements.

CUSTOMERS

Planda� will market to nutriceutical and supplement companies that require high-quality bio-available extracts for their products. As pharmaceutical products clear their human clinical trials and receive market approval from the FDA, Planda� will enlist distribution companies to sell to various end user outlets. In addition, the Company anticipates having surplus farm products including timber, fruits, and nuts which will be sold to local markets.

RESULTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2014 AND
2013

SALES

For the three months ended December 31, 2014, revenues were $67,101 compared to revenues of $13,187 for the quarter ended December 31, 2013. Sales for both quarters consisted of timber from the company’s tea estate in South Africa. Sales of Phytofare� extracts are not expected to commence until Q1 of 2015.

For the six months ended December 31, 2014, revenues were $153,452 compared to revenues of $240,002 for the six months ended December 31, 2013. Sales for both periods consisted of timber from the company’s tea estate in South Africa. Sales of Phytofare� extracts are not expected to commence until Q1 of 2015.

Cost of sales for the quarter ended December 31, 2014 was $215,569 compared with $166,914 in the prior year, which was an increase of $48,655. The increase in cost of sales relates to expenses incurred with managing and operating the Senteeko Tea Estate. In future periods, costs associated with running the factory will be included in cost of sales.

Cost of sales for the six months ended December 31, 2014 was $407,199 compared with $343,855 in the prior year, which was an increase of $63,344. The increase in cost of sales relates to expenses incurred with managing and operating the Senteeko Tea Estate. In future periods, costs associated with running the factory will be included in cost of sales.

EXPENSES

Our total expenses for the three months ended December 31, 2014 were $1,010,430 compared to $1,160,578 for the same period of the prior year which was a decrease of $191,485. The primary decrease resulted from Salaries & Wages, which went from $914,004 to $529,437 owning to the compensation expense attributed to common stock issuable under employment contracts which varies due to fluctuation in stock price. Expenses in 2014 consisted primarily of salaries of $529,437, professional services of $128,350 and general and administrative expenses of $121,755. Comparable expenses in 2013 consisted of salaries of $914,004, professional services of $31,498 and general and administrative expenses of $21,307. Professional services increased due to higher legal fees.

Our total expenses for the six months ended December 31, 2014 were $2,142,103 compared to $1,614,684 for the same period of the prior year which was an increase of $485,883. The primary decrease resulted from Professional Fees, which went from $71,206 to $378,332 owning to increased legal expenses. Additional Expenses in 2014 consisted primarily of salaries of $1,047,781, rent of $216,997, and general and administrative expenses of $284,029. Comparable expenses in 2013 consisted of salaries of $1,038,196, rent of $241,625 and general and administrative expenses of $102,326. General and Administrative expenses increased in South Africa due to expanded operations as the facility neared completion in late 2014.

OTHER INCOME & EXPENSES

Other Income and Expenses for the three and six months ended December 31, 2014 were ($133,925) and $531,018, respectively, compared to ($2,006,259) and ($2,326,118) for the three and six months ended December 31, 2013, respectively. During the six months ended December 31, 2014, Other Income included $781,535 received as settlement proceeds, while in 2013, Other Expense included $2,086,436 in Derivative Interest recorded from the conversion potential of debentures issued and outstanding. Derivative Interest is recorded on debt instruments that can be converted into common stock and is determined based on the value of the potential number of shares that could be issued on conversion assuming historical price fluctuations.

LIQUIDITY AND CAPITAL RESOURCES

For the six months ended December 31, 2014, the Company used cash in operating activities totaling $985,110, which was primarily attributable to a loss from operations and currency fluctuations offset by the value of stock issued for services and a decrease in related party receivables. Cash used in investing activities was $843,062, which consisted of the purchase of fixed assets to be used in production activities. Cash provided by financing activities was $2,602,758 generated by third party loans of $2,344,170 and the sale of common stock of $276,700. As of December 31, 2014, the Company had current assets of $1,140,699 compared to current liabilities of $288,186.

PLAN OF OPERATION

The Company’s long-term existence is dependent upon our ability to execute our operating plan and to obtain additional debt or equity financing to fund payment of obligations and provide working capital for operations. In April 2012, the Company through majority-owned subsidiaries of Dunn Roman Holdings Africa (Pty) Limited, executed final loan documents on a 100 million Rand (approx. $9.5 million at current rate of exchange) financing with the Land and Agriculture Bank of South Africa and began rehabilitating the Senteeko Tea Estate so that it can begin producing 10 metric tons of tea leaf per day in 2015, increasing to 20 tons per day by 2016. The company has also completed construction of the factory and associated equipment necessary to begin the extraction process on live botanical matter, including green tea and citrus, with the factory becoming operational in December 2014. The facility commenced processing green tea material for its Phytofare� Catechin Complex in January 2015 with sales anticipated for the first quarter 2015.

CRITICAL ACCOUNTING POLICIES

The preparation of our financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our financial statements, we believe the following critical accounting policies involve the most complex, difficult and subjective estimates and judgments.

Revenue recognition

The Company derives its revenue from the production and sale of farm goods, raw materials and the sale of bioavailable extracts in both raw material and finished product form. Revenues are recognized when product is ordered and delivered. Product shipped on consignment is not counted in revenue until sold.

Intangible and Long-Lived Assets

We follow Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360, “Property Plant and Equipment”, which establishes a “primary asset” approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.

Goodwill is accounted for in accordance with ASC Topic 350, “Intangibles – Goodwill and Other”. We assess the impairment of long-lived assets, including goodwill and intangibles on an annual basis or whenever events or changes in circumstances indicate that the fair value is less than its carrying value. Factors that we consider important which could trigger an impairment review include poor economic performance relative to historical or projected future operating results, significant negative industry, economic or company specific trends, changes in the manner of our use of the assets or the plans for our business, market price of our common stock, and loss of key personnel. We have determined that there was no impairment of goodwill during 2013 or 2012. The share exchange did not result in the recording of goodwill and there is not currently any goodwill recorded.

Potential Derivative Instruments

We periodically assess our financial and equity instruments to determine if they require derivative accounting. Instruments which may potentially require derivative accounting are conversion features of debt and common stock equivalents in excess of available authorized common shares.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

Non-Controlling Interest

Planda� owns 100% of Dunn Roman Holdings-Africa, which in turn owns 74% of Breakwood Trading 22 (Pty, Ltd. and 84% Green Gold Biotechnologies (Pty), Ltd., in order to be compliant with the Black Economic Empowerment rules imposed by the South African Land Bank. While the Company, under the Equity Method of Accounting, is required to consolidate 100% of the operations of its majority-owned subsidiaries, that portion of subsidiary net equity attributable to the minority ownership, together with an allocated portion of net income or net loss incurred by the subsidiaries, must be reflected on the consolidated financial statements. On the balance sheet, minority interest has been shown in the Equity Section, separated from the equity of Planda�, while on the income statement, the non-controlling shareholder allocation of net loss has been shown in the Consolidated Statement of Operations.

Currency Translation Adjustment

The Company maintains significant operations in South Africa, where the currency is the Rand. The subsidiary financial statements are therefore converted into US dollars prior to consolidation with the parent entity, Planda� Biotechnology, Inc. US GAAP requires that the weighted average exchange rate be applied to the foreign income statements and that the closing exchange rate as of the period end date be applied to the balance sheet. The cumulative foreign currency adjustment is included in the equity section of the balance sheet. Since most of our assets are in South Africa, as the dollar strengthens in comparison to the Rand, it reduces the carrying value of our assets.

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Plandai Biotechnology, Inc. Secures Collaboration Agreement to Further Company’s Cannabis Research in Uruguay

LOGAN, UT–(Marketwired – January 26, 2015) -Plandaí Biotechnology, Inc. (PLPL) (“Plandaí” or “the Company”), a developer of highly bioavailable plant extracts for industries including health, wellness, nutriceutical, and pharmaceutical, today announced that its wholly-owned Uruguay subsidiary has executed a research agreement with the Foundation for the Development of Basic Sciences (“FUNDACIBA”) and the Group of Medicinal Chemistry (“GQM”) from the School of Science at the University of the Republic in Montevideo, Uruguay.

The agreement establishes the collaboration and structure to enable better scientific understanding of the medicinal use of cannabis to treat diseases such as Parkinson’s, epilepsy, Alzheimer’s, brain damage, cancer, and such others as may be deemed reasonable and appropriate. The collaboration will allow Plandaí Biotechnology-Uruguay to move forward in the scientific validation of the medicinal potential of cannabis under legally supported framework (Law No. 14,294, Law No. 19,172). For FUNDACIBA-GQM, this agreement will support the development of research lines in medicinal cannabis by incorporating high-level technology and training with experts.

Roger Baylis-Duffield, Chief Executive Officer of Plandaí, commented, “We are appreciative of the Uruguayan government that immediately understood the potential for medical cannabis in a non-psychoactive form and gave not only their support but also their approval. We are also grateful to the faculty and dean of the Group of Medicinal Chemistry and FUNDACIBA for their enthusiasm for the project. Having both a legal framework and now a research agreement from which we can study cannabis could prove to be a huge benefit to the millions of people that could potentially benefit from our science while also helping build the pharmaceutical and biotech industries in Uruguay.”

The academic collaboration aims to identify the optimal variety of cannabis for medicinal use, determine its chemical and genetic profile, perform in vitro cytotoxicity studies (efficacy and safety), and then perform in vivo studies in murine (mice and rats). The project is designed to reach pre-clinical studies; the stage of human clinical studies will be planned for a later phase of collaboration if the results in animals are favorable.

Plandaí Biotechnology–Uruguay is currently the only company given authorization to grow cannabis and conduct medical research in Uruguay. Under the terms of the agreement, Plandaí will be responsible for funding the research which will be overseen by a team of scientists from the University. Any patents or other intellectual property that is discovered from the research will belong to Plandaí with the FUNDACIBA-GQM group receiving a small royalty.

About Plandaí Biotechnology, Inc.

Plandaí Biotechnology, Inc. and its subsidiaries develop highly bioavailable, phytonutrient rich extracts which are being utilized to deliver a new family of drugs to safely and affordably treat a multitude of diseases and conditions. Plandaí Biotechnology controls every aspect of the process, from growing the raw materials on its farms in South Africa, to producing its proprietary Phytofare™ extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process. Targeted industries for the Company’s products include beverage, cosmeceutical, wellness, nutriceutical, anti-aging, and pharmaceutical. For more information, please visit http://www.plandaibiotech.com.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC’s website located at http://www.sec.gov.

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Plandai Biotechnology to Use “Trojan Horse” to Make Highly Bioavailable Products Even Stronger

NEW YORK, NY–(Marketwired – January 20, 2015) – Plandaí Biotechnology (PLPL) proved in a bioavailability study performed at North West University in South Africa, that its green tea Phytofare® Catechin Complex demonstrates ten times greater bioavailability over that of a generic catechin extract. Bioavailability is a fancy word for how much of the dosage of a drug or substance like Plandaí’s extract gets absorbed into our bloodstream so it can actually be effective.  The three-part human clinical trial proved in part two of the study that all 8 catechins that make up the green tea plant made it into the bloodstream of the 26 participants, and those catechins stayed in the bloodstream 5 times longer than the generic extract that Plandaí’s product was compared to in the study.

Now imagine taking a product that demonstrates it is highly bioavailable and then making it even stronger. That is Plandaí’s plan with the addition of the Pheroid® delivery system.  Think of the Pheroid technology, developed by Professor Anne Grobler at North West University, as a “Trojan Horse” sneaking Plandaí’s highly bioavailable extract even deeper into the human body, not just into the bloodstream, but into our cells.

We’ve all heard of the many benefits that the green tea plant provides, but those benefits can only be realized if the catechins that make up the plant can get into the bloodstream and stay there long enough to be effective, and now Plandaí is talking about potentially making the benefits of green tea even more powerful by delivering the company’s extract right to the cells of the human body.

This month Plandaí expects to begin what will be the third arm of the three-part human clinical trial. The research team at North West University, under the supervision of the Dean’s office of the Faculty of Health Sciences and Prof. Anne Grobler, will complete this third arm of the bioavailability study. This final phase, which will use the same 26 participants as parts 1 and 2, will incorporate the addition of Pheroid to Plandaí’s Phytofare extract.

Plandaí Biotechnology’s CEO, Roger Duffield, said of the addition of Pheroid, “Pheroid is an amazing delivery system that protects the entrapped Phytofare from damage.  When dealing with nutraceutical ingredients and additives, small things can have a huge impact on viability.  Exposure to heat, light, and air during the processing and storage can affect the potency. Other ingredients, such as sugar, water, preservatives and the like can neutralize the active properties. And the digestive process itself is designed to break down and metabolize the catechin molecules, potentially ruining their efficacy.”

So what makes Pheroid the ideal way to deliver Plandaí’s extracts into the cells of the body? Pheroid uses a long-chain Omega-3 and Omega-6 fatty acid system to entrap the company’s Phytofare at the mainly nano level.  Our white blood cells perceive the fatty acids as a food source and bring them inside the cells, where the process of glycolysis dissolves the Pheroid and releases Phytofare. This will increase Plandaí’s ability to deliver active ingredients directly to the cells.

Duffield added, “Using Pheroid allows us to expand the potential applications of Phytofare. The protective barrier provided by Pheroid gives customers the ability to add it to a host of different ingredients that would otherwise impact the product’s efficacy. Pheroid’s protective properties also mean that customers have greater flexibility in their manufacturing and packaging. Finally, from an application standpoint, using Pheroid opens the door for both topical and liquid oral products.”

Having a Pheroid alternative for Plandaí’s customers opens a host of additional product options for the company. For example, topical creams and liquid oral products are ideal for Pheroid as it protects the Phytofare and also facilitates absorption. (Pharmaceutical applications of Pheroid technology / Anne F. Grobler Abstract 2009: http://hdl.handle.net/10394/6701)  Duffield said that the company’s customers can then also add ingredients such as flavor enhancements, fragrance, coloring, or other active ingredients without causing interactions that could neutralize Phytofare’s effectiveness.

About Stock Market Media Group

SMMG is a Research and Content Development IR firm offering a platform for corporate stories to unfold in the media with research reports, corporate videos, CEO interviews and feature news articles. SMMG is compensated $3,500 per month by Plandai Biotechnology for content development. Previously, SMMG was compensated for similar content by a third party which occurred from April 2013 through June 2014. During that period, SMMG received approximately $55,000 for its content. Neither SMMG nor anyone associated with it owns shares in PLPL. For more information: www.stockmarketmediagroup.com.

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Plandai Biotechnology, Inc.’s CEO Discusses Company’s Plans for 2015

NEW YORK, NY–(Marketwired – January 09, 2015) – Plandaí Biotechnology (PLPL) recently updated shareholders on a list of accomplishments reached in 2014, so Stock Market Media Group (SMMG), a research and content development investment relations firm, spoke with Plandaí’s Chief Executive Officer, Roger Duffield, to discuss Plandaí’s plans for 2015.

SMMG: First and foremost, can we get your reaction to the opening of your new production facility in South Africa and what does its completion mean for Plandaí in 2015?

Roger Duffield: “Well, opening the Senteeko facility is really the culmination of over a decade of research, sacrifice, and determination. Taking the initial concept that we could produce a highly bioavailable plant extract — at a time when no one was even looking at the importance of bioavailability for nutraceuticals — and then seeing it through to this point, has been an amazing journey that wouldn’t have happened without the help and support of countless people. I get chills every time I visit Senteeko, drive thirty minutes on logging roads through thick forests, and then pass the gates to our estate and see the vast acres of tea with this amazing jewel of a factory sitting in the middle. I’m overwhelmed, excited, relieved, and deeply humbled all at the same time.”

SMMG: What is the significance of Plandaí’s shift from a research and development company to a biotech that produces and sells products?

Roger Duffield: “Let me answer by first stating that Plandaí will always be a research and development company. When you look at the pharmacopeia of medicinal plants, you can see that there are hundreds of potential future research products for us. And even with just green tea catechins, we could spend a lifetime just on different human clinical trials as we explore the vast potential of this amazing plant.

“But, from a practical standpoint, now that the factory is opened, we can start generating revenues and positive cash flows. This will allow us to operate without dilution or incurring additional debt, expand our products lines, and return value to our shareholders.

“Operationally, it means that we now have a whole new business model with new logistics. When you stop to think about what it takes to sell a product like Phytofare®, it requires so many moving parts working in harmony. Growing the leaf, picking it properly, manufacturing, batch testing, packaging, tracking and quality control, shipping, customs. Then you have the sales aspect, which includes marketing, trade shows, literature. It’s really quite a process that I think few people fully understand.”

SMMG: In 2013 Plandaí announced its entrance into the cannabis research arena, in 2014, the company secured a licensing agreement with Diego Pellicer and then obtained a consent letter from the Minister of Health in Uruguay to begin growing cannabis and producing an extract for animal testing, so what can we expect in 2015?

Roger Duffield: “Our plan at this point is to establish the cannabis growing infrastructure in Uruguay this year with an expectation of having an extract ready for testing six to nine months after it comes online. Our initial goal of having a product market-ready by the end of 2014 proved unrealistic once we determined that current U.S. laws, even in states where marijuana is legalized, prohibited us from legally acquiring cannabis, producing an extract, and then testing it inside the U.S.

“Our operation in Uruguay will allow us to better control the chemical profile and then conduct our research into various neural disorders in a safe, legal, and scientifically validated manner. Also, we will be able to establish standards for dosage and chemical profile, which has so far been very limited with respect to cannabis research.”

SMMG: After releasing the data in 2014 from a human clinical trial performed at North West University in South Africa that showed Plandaí’s Phytofare® Catechin Complex demonstrated ten times greater bioavailability over a generic catechin extract, what is next in the on-going research at North West University?

Roger Duffield: “Starting this month, the research team at North West University in South Africa, under the supervision of the Dean’s office of the Faculty of Health Sciences and the inventor of the Pheroid® delivery system, Prof. Anne Grobler, will complete the third arm of the bioavailability study. This final phase will use the same 26 human subjects, but this time the study will incorporate the addition of Pheroid® to the Phytofare® extract.

“We anticipate that adding the Pheroid® delivery system will increase the overall bioavailability while also opening up the potential to use our extracts in less controlled applications such as adding Phytofare® to other ingredients including topical creams and liquids, and in environments where you are less able to control exposure to outside influences such as UV light, which kills the antioxidants.

“North West University will also be conducting our human weight loss clinical trial, which will test the Phytofare® versus a placebo over 90 days and involving 120 patients. This trial will also be looking at a complete blood panel so we can identify from a medical standpoint the effects of catechins on everything from blood sugar to cholesterol. The results could potentially open entirely new fields of research.”

SMMG: Any closing thoughts?

Roger Duffield: “2015 promises to be a productive year for Plandaí. With the completion of the new laboratory inside the Senteeko facility, we plan to produce our first citrus extract and then test its bioavailability followed by a human clinical trial to confirm improved respiratory benefits including symptom relief for sinus, colds and the flu. And, as always, we continue to explore the medical potential of other phytonutrients and expect to test new extracts throughout the year.”

About Stock Market Media Group

SMMG is a Research and Content Development IR firm offering a platform for corporate stories to unfold in the media with research reports, CEO interviews and feature news articles. SMMG is compensated $3,500 per month by Plandai Biotechnology for content development. Previously, SMMG was compensated for similar content by a third party which occurred from April 2013 through June 2014. During that period, SMMG received approximately $55,000 for its content. Neither SMMG nor anyone associated with it owns shares in PLPL. For more information:www.stockmarketmediagroup.com.

Contact:
Stock Market Media Group
info@stockmarketmediagroup.com

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Plandai Biotechnology, Inc. Provides Year-End Shareholder Update

LOGAN, UT–(Marketwired – December 31, 2014) -Plandaí Biotechnology, Inc. (PLPL), a developer of highly bioavailable plant extracts for industries including health, wellness, nutriceutical, and pharmaceutical, today provided an update to shareholders that reviews the company’s accomplishments over the preceding twelve months.

Roger Duffield, Chief Executive Officer of Plandaí, stated, “The past twelve months have seen Plandaí achieve several key milestones.  After recently completing the Senteeko production facility and processing the first batches of Phytofare®, we felt shareholders would appreciate an overview of our achievements in 2014.”

First, in late 2013, Plandaí entered into the cannabis research arena, but it was this year that the Company solidified its position in the industry by securing a licensing agreement with Diego Pellicer and then obtaining a consent letter from the Minster of Health in Uruguay to commence growing cannabis and producing an extract for animal testing.  This consent allows Plandaí to legally conduct the research necessary to ascertain the medicinal benefits of the complete cannabinoid profile containing the non-psychoactive THC-A, THC-B and CBD acids.

Mr. Duffield said of Plandaí’s move into the cannabis research arena, “We believe that our proprietary processing system will allow us to extract various chemicals in cannabis in their natural, non-psychoactive forms, which could prove hugely beneficial to pharmaceutical research. Our plan at this point is to establish the cannabis growing infrastructure in Uruguay which will allow us to better control the chemical profile and then conduct our research to determine the possible efficacy of cannabis in treating various medical conditions.”

Second, following years of supporting research and projections of improved bioavailability, in September 2014 Plandaí released the long-awaited clinical data showing that its PhytofareCatechin Complex demonstrated ten times greater bioavailability over a generic catechin extract.  This human study, which involved 26 test subjects who underwent multiple blood draws over a 24-hour period, showed that all eight active catechins from the green tea plant made it into the bloodstream and remained there for 24 hours, compared to the generic tea extract where only two catechins were found in the blood and remained there only six hours.

Commenting on the study Mr. Duffield said, “Previous studies involving lycopene, phytoene and phytofluene had been conducted and published by Dr. Betty Ishida, a research biologist with the USDA, which showed increased bioavailability from our proprietary extraction method; however, this new catechin study represented scientific validation in human subjects and quantified that increase in a tangible, measurable way.”

Third, Plandaí completed the commissioning of its Senteeko extraction facility in South Africa.  This project encompassed over two years and $13 million.  Mr. Duffield said, “We now have the potential to process up to ten tons of live-plant material every day, yielding approximately four tons of finished Phytofare® every month.  Our productions should then double once additional tea comes online in late 2015.  The factory has commenced producing Phyofare® green tea Catechin Complex and we are now having the final chemical profile validated by an independent laboratory before commencing shipment of samples to potential customers.”

Finally, in 2014 Plandaí moved forward with its goals of securing its intellectual property base, and was granted two trademarks in South Africa for its tradename “Phytofare” and has three pending trademark applications in the United States.

Mr. Duffield concluded, “We also met several other smaller milestones including the completion of a topical anti-aging study in humans which showed favourable results and we started cultivating several new plants in our nursery for future research. We had some major renovations completed on the Senteeko property including significant renovations to the roads and bridges in addition to repairing the dam wall which had been damaged prior to our taking over the property.”

About Plandaí Biotechnology, Inc.

Plandaí Biotechnology, Inc. and its subsidiaries develop highly bioavailable, phytonutrient rich extracts which are being utilized to deliver a new family of drugs to safely and affordably treat a multitude of diseases and conditions.  Plandaí Biotechnology controls every aspect of the process, from growing the raw materials on its farms in South Africa, to producing its proprietary Phytofare™ extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process.  Targeted industries for the Company’s products include beverage, cosmeceutical, wellness, nutriceutical, anti-aging, and pharmaceutical.  For more information, please visit http://www.plandaibiotech.com.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC’s website located at http://www.sec.gov.

Contact:
Andrew Beyer
Phone: 888-627-6902
Email:  investor@Plandaíbiotech.com

0 1350

Plandai Biotechnology, Inc. Announces Completion of $13 Million Production Facility

First Samples of Phytofare(TM) Catechin Complex Being Delivered

LOGAN, UT–(Marketwired – December 22, 2014) -Plandaí Biotechnology, Inc. (PLPL) (“Plandaí” or “the Company”), a developer of highly bioavailable plant extracts for industries including health, wellness, nutraceutical, and pharmaceutical, today announced completion of the Company’s production facility in South Africa. Further, the Company announced that samples from the first batch of Phytofare® Catechin Complex, which is derived from green tea, are being delivered to testing facilities for final profiling which will take place once vendors return from holiday. Additionally, samples are being sent to North West University to complete their clinical trials and to potential customers for evaluation. Over the coming days the factory will increase its manufacturing production with the expectation that the Company will then be ready to accept and fill customer orders.

Since beginning the Senteeko project in 2012, Plandaí has expended over $4.5 million in rehabilitating the tea estate and another $8.5 million in building the production facility, for a total investment of over $13 million.

Roger Duffield, Chief Executive Officer at Plandaí Biotechnology, commented, “Bringing a factory of this nature online has been a monumental task. We’re proud that we’ve been able to build the factory onsite at the Senteeko plantation and that the clinical data has thus far supported our position that we can produce highly bioavailable, all-natural nutraceuticals.”

The Senteeko factory encompasses approximately 75,000 sq. ft., is fully automated, and includes management offices and research facilities. At full capacity, the facility can process twenty tons of live plant material every day, averaging approximately eight tons of finished Phytofare® Catechin extract every month during the 8-month tea growing cycle.

Mr. Duffield added, “We currently have enough green tea ready for harvest to allow us to produce about six tons of Phytofare® per month based on estimated yields. We plan on bringing an additional 400 acres online this summer so that production can increase to full capacity. We will stockpile surplus Phytofare® for the dry season so that customer supply is not interrupted. During the summer period, when the tea is dormant, the factory has the ability to process lemons to produce Phytofare® Limonoid Glycoside extract with an estimated capacity of 15 tons per season.”

Mr. Duffield concluded, “Commissioning the Senteeko factory has been a huge milestone for Plandaí. I personally could not be more proud of the Plandaí team and appreciative for the dedication, faith and sacrifices of so many people that helped realize the Plandaí vision.”

About Plandaí Biotechnology, Inc.

Plandaí Biotechnology, Inc. and its subsidiaries develop highly bioavailable, phytonutrient rich extracts which are being utilized to deliver a new family of drugs to safely and affordably treat a multitude of diseases and conditions. Plandaí Biotechnology controls every aspect of the process, from growing raw materials on its farms in South Africa, to producing its proprietary Phytofare extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process. Targeted industries for the Company’s products include beverage, cosmeceutical, wellness, nutriceutical, anti-aging, and pharmaceutical. For more information, please visit http://www.plandaibiotech.com.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC’s website located at http://www.sec.gov.

Contact:
Andrew Beyer
Phone: 888-627-6902
Email: investor@Plandaíbiotech.com

1 1430

Plandai Biotechnology, Inc. Receives Halaal Certification for Senteeko Facility

LOGAN, UT–(Marketwired – December 12, 2014) -Plandaí Biotechnology, Inc. (PLPL) (“Plandaí” or “the Company”), a developer of highly bioavailable plant extracts for industries including health, wellness, nutriceutical, and pharmaceutical, today announced that Green Gold Biotechnologies Inc., a South African subsidiary of Plandaí which runs the Senteeko production facility, has received Halaal Certification in South Africa. Halaal certification is the process that food producers undergo to establish that they are producing products in accordance with Islamic Law and is seen as a necessary step before shipments can commence to various parts of the world.

The certification process entails completing an application where the production methods are detailed and then undergoing inspections to verify the processes. Additionally, Halaal certified companies must implement procedures and supervisory protocols to ensure ongoing compliance in addition to being subjected to further inspections.

Callum Baylis-Duffield, Vice President of Sales and Marketing for Plandaí, commented, “With 21% of the world’s population identifying as Muslim, having Phytofare™ Halaal certified is an important step so that our customers can ensure the end consumers that the strictest manufacturing standards are being met. This certification opens the doors for us to market and sell to all areas of the globe and across many different product lines.”

The certification was awarded by the South African National Halaal Authority, an international, non-profit organization representing the Muslim Ummah on all matters pertaining to the general application of the term Halaal with specific reference to Islamic dietary laws. For additional information on Halaal and the certification process, visit their website athttp://www.sanha.org.za.

About Plandaí Biotechnology, Inc.

Plandaí Biotechnology, Inc. and its subsidiaries develop highly bioavailable, phytonutrient rich extracts which are being utilized to deliver a new family of drugs to safely and affordably treat a multitude of diseases and conditions. Plandaí Biotechnology controls every aspect of the process, from growing the raw materials on its farms in South Africa, to producing its proprietary Phytofare extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process. Targeted industries for the Company’s products include beverage, cosmeceutical, wellness, nutriceutical, anti-aging, and pharmaceutical. For more information, please visit http://www.plandaibiotech.com.

Safe Harbor Statement

The information provided may contain forward-looking statements and involve risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition, and Plandaí’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Plandaí is not obliged to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.

Contact:
Andrew Beyer
Phone: 888-627-6902
Email: investor@Plandaíbiotech.com

0 1746

Plandai Biotechnology, Inc. Highlighted in Newly Published Article by South Africa’s Department of Science & Technology

SEATTLE, WA–(Marketwired – December 01, 2014) – Plandaí Biotechnology, Inc. (PLPL(“Plandaí” or “the Company”), a developer of highly bioavailable plant extracts for industries including health, wellness, nutraceutical, and pharmaceutical, today announced that the Company has been highlighted in an article titled “‘Secret’ Technology Turns Local Farm into Green Tea Extract Factory” in the December edition of the Republic of South Africa’s Department of Science & Technology: Public Understanding of Biotechnology Newsletter. The article, which was reviewed by independent experts through the South African Agency for Science and Technology Advancement (SAASTA) Scientific Editorial Process, can be found at: http://www.pub.ac.za/newsletter/02-201412/article-1.html.

The Department of Science and Technology launched a Public Understanding of Biotechnology (PUB) program to ensure a clear, balanced understanding of the scientific principles, related issues and potential of biotechnology and to stimulate public debate around its applications in society. In its monthly newsletter, the Department covers a variety of topics and issues that help to further educate the public in biotechnology.

December’s PUB newsletter offers a full feature article that looks into Plandaí’s efforts to bring the once abandoned Senteeko Tea Estate back to life, the growing and harvesting process of the Company’s green tea and other plants, the “secret” technology employed at Plandaí, an interview with the Company’s President and CEO, Roger Duffield, the work to bring higher bioavailability extracts to market, and much more.

In an excerpt from the article, the author writes, “That farm was abandoned.” Duffield recalls. “The tea bushes were 20 feet high, the roads didn’t exist and the old tea factory had been ransacked with the roofs caved in and owls nesting in it.”

A few years…later, the Senteeko estate in the Barberton District of Mpumalanga is now a lush and neatly-maintained tea farm hidden deep within hundreds of hectares of Sappi paper plantations, with Plandaí’s brand new, on-site agro-processing facility soon to ship its first batch of Phytofare™ Catechin Complex from green tea.

Access the article at: http://www.pub.ac.za/newsletter/02-201412/article-1.html.

About Plandaí Biotechnology, Inc.

Plandaí Biotechnology, Inc. and its subsidiaries develop highly bioavailable, phytonutrient rich extracts which are being utilized to deliver a new family of drugs to safely and affordably treat a multitude of diseases and conditions. Plandaí Biotechnology controls every aspect of the process, from growing the raw materials on its farms in South Africa, to producing its proprietary Phytofare extracts in-house, allowing the Company to guarantee the continuity of supply as well as quality control throughout the entire process. Targeted industries for the Company’s products include beverage, cosmeceutical, wellness, nutraceutical, anti-aging, and pharmaceutical. For more information, please visit http://www.plandaibiotech.com.

Safe Harbor Statement

The information provided may contain forward-looking statements and involve risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include product demand, market competition, and Plandaí’s ability to meet current or future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Plandaí is not obliged to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences, except as required under applicable laws.

Contact:
Andrew Beyer
Phone: 888-627-6902
Email: investor@Plandaíbiotech.com

1 1754
marijuana stocks

Plandai Biotechnology Collaboration Offers Opportunity to Produce a Non-Psychoactive Cannabis Product for Medical Research

NEW YORK, NY–(Marketwired – November 10, 2014) – Plandaí Biotechnology (PLPL) has entered into a collaboration agreement in Uruguay that will give the company the potential to produce a cannabis product with no psychoactive effects.  If successful, the company could then move forward with medical research investigating whether or not the product is efficacious in areas like cancer, post-traumatic stress disorder, concussions, epilepsy, concussions, multiple sclerosis, and neural diseases like Alzheimer’s and Parkinson’s.

In September, Uruguay’s Minister of Public Health agreed to sanction Plandaí’s growing cannabis for medical research, through its wholly-owned subsidiary, Plandaí Biotechnology — Uruguay, SA, in collaboration with the Group of Medicinal Chemistry from the School of Science at the University of the Republic in Montevideo, Uruguay.  The company can now legally grow cannabis in a supervised clinical environment, and with this collaboration, it won’t be just CBD dominant strains of the drug; instead, Plandaí believes that it may be able to produce a cannabis profile that includes THC, which studies have suggested could yield medical benefits in multiple fields.

While others in the industry are focused on producing a low-tetrahydrocannabinol (THC) cannabis product, in order to avoid the psychoactive effects, Plandaí believes this strategy ignores the potential benefits of the plant’s principal psychoactive constituent or cannabinoid.  Instead, Plandaí plans to study the possible synergistic benefits of combining the full chemical profile of cannabis.

There are a number of reasons that keep most entities away from THC altogether; including, the legal ramifications and the social stigma associated with the use of THC.  Many users of medicinal cannabis products want to realize the medical benefits of cannabis without the psychoactive side effects or the associated “high” with THC.

Plandaí, on the other hand, has an extraction process that works with live-plant matter and yields an extract that contains the full chemical profile, including THC and CBD, without the psychoactive effect.  How is Plandaí able to do what other entities cannot?

Cannabis in its natural state is not psychoactive.  It is only through drying and/or heating of the plant that the acid forms of THC (THC-A and THC-B) are metabolized into the psychoactive THC form containing the associated “high.”  With the exception of Plandaí, most other forms of processing, extraction, and consumption of cannabis involve the use of dried or heated plant matter.  By using live-plant matter and controlling the temperature during the company’s extraction process, Plandaí anticipates being able to produce a highly-bioavailable cannabis extract that uses the entire chemical profile but that doesn’t produce any psychoactive effects.

If this proves successful, then Plandaí could likely present a product that could be suitable for medical clinical research in multiple areas that have possible therapeutic applications including cancer, PTSD, epilepsy, MS, concussions, and neural diseases like Alzheimer’s and Parkinson’s.

Plandaí’s first product, a green tea-based catechin extract, will be brought to market in December 2014, and has already demonstrated in independent human clinical trials that it has ten times the bioavailability of a generic extract.  As this technology is brought to other plants, including cannabis, the company hopes to create a family of all natural products that have the potency to generate real clinical results in treating disease and promoting overall health and wellness.

About Stock Market Media Group

SMMG is a Research and Content Development IR firm offering a platform for corporate stories to unfold in the media with research reports, CEO interviews and feature news articles. SMMG is compensated $3,500 per month by Plandai Biotechnology for content development. Previously, SMMG was compensated for similar content by a third party which occurred from April 2013 through June 2014. During that period, SMMG received approximately $55,000 for its content. Neither SMMG nor anyone associated with it owns shares in PLPL. For more information:www.stockmarketmediagroup.com.

Contact:
Stock Market Media Group
info@stockmarketmediagroup.com

0 1736
marijuana stocks

Plandai Biotechnology Cannabis Research Gets Green Light From Uruguay

NEW YORK, NY–(Marketwired – November 05, 2014) – Plandaí Biotechnology (PLPL) just became one of very few companies to receive a government sanction to grow cannabis for medical research.  It was announced last week that Uruguay’s Minister of Public Health has given Plandaí the go-ahead to collaborate with the Group of Medicinal Chemistry from the School of Science at the University of the Republic in Montevideo.

This collaboration that will allow Plandaí, through its wholly owned subsidiary Plandaí Biotechnology – Uruguay, SA, to grow cannabis in conjunction with the University of the Republic, for medical research, which will be conducted by students and scientists from the School of Science at the University.

While some U.S. states have given licenses to conduct cannabis research, under federal law growing marijuana, for any purposes, is still illegal.  This, of course, has limited research into the possible medical benefits of cannabis which lends even more significance to Plandaí’s collaboration in Uruguay.  The approval was issued this past September, and it is scheduled to take place over a 3-year period beginning in early 2015.

With the federal government in Uruguay giving Plandaí the green light, the company can now legally grow cannabis, and not just CBD dominant strains either, and then begin clinical testing using the drug.  The first phase of the project will establish the infrastructure and protocols for growing the cannabis in a controlled environment to ensure genetic purity and chemical consistency.

When asked about controlling the environment in which the cannabis will be grown, Plandaí Biotechnology CEO Roger Duffield said, “Because the plant itself is so sensitive to environmental inputs, we will be constructing an indoor controlled growth facility where we can manage temperature, air pressure, light, nutrition, and genetics to ensure that we have consistency in our chemical profile, which is critical for future clinical trials.”

The CEO says he expects it will take approximately 12 months for the facility to be installed and the first extract prepared for testing.  Under this collaboration, Plandaí will for the first time be able to test marijuana for medicinal properties, and it also affords the company the chance to provide a pure chemical extract for third party testing.  Duffield said the research will enable clinicians to set dosage parameters as well since, with clinical testing, Plandaí will have benchmarks for absorption and metabolization similar to that established with its green tea extract.

The CEO added, “There is currently so much variation in potency and chemical composition—even within the same strain of plant—that it is nearly impossible to determine what level of dosage is needed for clinical result.  Our scientific approach should pave the way for greater understanding of the medicinal benefits of the plant.”

After the first phase, a team of academics at the University of the Republic will then collaborate with Plandaí’s scientists to test the cannabinoid complex for potential benefit for treating neuron disorders, cancers and concussion injuries through animal testing.  However, before the Company can conduct human clinical trials, further approval from Uruguay’s Ethics Committee and Medicine Council will be required.

About Stock Market Media Group

SMMG is a Research and Content Development IR firm offering a platform for corporate stories to unfold in the media with research reports, CEO interviews and feature news articles. SMMG is compensated $3,500 per month by Plandai Biotechnology for content development. Previously, SMMG was compensated for similar content by a third party which occurred from April 2013 through June 2014. During that period, SMMG received approximately $55,000 for its content. Neither SMMG nor anyone associated with it owns shares in PLPL. For more information:www.stockmarketmediagroup.com.

Contact:
Stock Market Media Group
info@stockmarketmediagroup.com

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