The licensing agreement will provide Falcon with exclusive rights to use all product images, design, and graphics, product packaging, any existing social media accounts, any related printed, electronic, and online documentation, any graphic files for product packaging, and any software files that may accompany the product.
Up until a few short months ago, most hemp products on shelves in the United States were imported into the United States. However, the 2018 Farm Bill legalized the cultivation of industrial hemp and removed it from the list of controlled substances.
Industrial hemp contains all of the cannabinoids in medical marijuana but unlike marijuana, industrial hemp is low in THC (tetrahydrocannabinol – the psychoactive component in marijuana). Some strains of industrial hemp are also rich in CBD (cannabidiol), the cannabinoid which has been featured in hundreds of news stories for its therapeutic potential to potentially treat serious medical ailments such as epilepsy, cancer, pain, arthritis, and many others.
The hemp seed and the oil derived from the seed is an excellent source of protein and essential fatty acids. Three tablespoons of hemp seeds contain about 10 grams of protein. The protein from the hemp plant is a more complete protein than proteins found in red meat, chicken and fish. Hemp seeds are sold in national health food and supplements retailers. The stalk of the hemp plant contains two types of fiber. The outer fiber can be processed into long strands which can then be used for textile manufacturing. The inner core which resembles wood can be used for animal bedding. The hemp stalk can also be used as a key component in the manufacturing of paper.
There are few dominant hemp product brands in North America today. Stevia Corp. has worked tirelessly to build the Real Hemp™ brand and trademark for the past 3 years. Led by George Blankenbaker who served as Vice President and Director of the U.S. Hemp Roundtable and was a founding member, Director and Vice President of the U.S. Hemp Farming Alliance and a longtime member of the Hemp Industries Association, the Real Hemp™ brand is perfectly positioned to become a leader in the hemp products market which is expected to grow exponentially in the United States now that the cultivation of hemp is legal throughout the United States.
William J. Delgado, Chairman and Chief Executive Officer of Falcon Technologies commented, ”We are beyond ecstatic that Stevia Corp. has given us this vote of confidence to license the exclusive rights to use the Real Hemp™ brand for the next 2 years. George and his team have done a fantastic job in building the Real Hemp™ brand which we believe has the potential to be the number 1 hemp products brand in the United States.”
George Blankenbaker, Chairman and Chief Executive Officer of Stevia Corp. said, ”This is a win-win for both companies. If the result is what both companies believe the result can potentially be, Falcon will own a leading brand representing quality and health in a fast emerging market generating millions in revenue while enabling Stevia Corp. to become debt free as a result of the licensing royalty payments and potential outright purchase of the brand.”
About Falcon Technologies, Inc. (a/k/a Eco-Growth Strategies, Inc.)
Falcon Technologies, Inc. (a/k/a Eco-Growth Strategies, Inc.) is a nutraceutical company developing a range of CBD-based products. The company’s mission is to employ best practice science to source, manufacture and package all of its CBD products from within the United States. The company performs farm site visits and manufacturing site visits and sources its products from only the highest quality hemp farms and processors in North America. The company also aims to launch a line of CBD products specially formulated for animals by the end of 2019.
The statements made regarding CBD products including our future products have not been evaluated by the Food and Drug Administration. The efficacy of these products and the testimonials made have not been confirmed by FDA- approved research. These products are not intended to diagnose, treat, cure or prevent any disease. All information presented here is not meant as a substitute for or alternative to information from health care practitioners. Please consult your healthcare professional about potential interactions or other possible complications before using any product. The Federal Food, Drug, and Cosmetic Act requires this notice.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
William J. Delgado
SOURCE: Falcon Technologies
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