Embarr Downs Enters Agriculture Farming And Cannabis Market
27 3월 2014 - 8:00PM
Embarr Downs, Inc. (OTCQB: EMBR) announced today the Company is
entering the agriculture farming and cannabis markets through its
newly formed subsidiaries: Embarr Farms and Hemp Fish
Water.
Embarr Farms was established to begin developing farms and
aquaculture farms. The Company will initially build
fish nurseries to raise Tilapia then expand to include yellow
perch, largemouth bass, striped bass, red drum, blue gills,
Australian red-claw crayfish, and fresh water lobster.
Hemp Fish Water will sell the waste water from the aquaculture
ponds as organic and natural liquid fertilizer. The initial
target market will be small medical marijuana farms and will be
expanded to small and home based gardens. The liquid
fertilizer contains mineralized fish waste to be used as an organic
and natural liquid fertilizer. Liquid fertilizers are
faster-acting than seed meals and other solid organic products and
can be used to water the plants while providing the needed
nutrients for growth.
The Company expects the initial nursery to be completed in the
next 90 days. At that time, the company will begin delivering
the liquid fertilizer to Hemp Fish Water to begin selling.
The initial harvest of fish for sale is expected to occur
approximately 6 months from the completion of the
nursery.
The Company expects to spin both of these entities off by
issuing as a dividend 20% of the company to Embarr Downs
shareholders. The Company is currently in the process of
completing a Form 10 for the Companies to be filed with the United
State Securities and Exchange. After the Form 10 in effective
an S-1 will be filed to spin off the 20% of the Companies to Embarr
Downs shareholders and will begin trading under their own ticker
symbols. The Companies will also have to achieve other milestones
prior to being spun off such as obtaining $150,000 in revenue and
being profitable or near profitable on a cash basis. The Company
expects the spin off to occur in the next 12-18 months.
Embarr Downs will still maintain 80% ownership of the Companies
after the spin-off.
"These are projects I have been working on for the past 2
years," commented Joseph Wade, CEO of Embarr Downs. "With the
world's ocean's fisheries being over exploited farmed fish is going
to become a necessity over the next few years. With Embarr
Downs currently looking to build a farm for its breeding division
it seemed a natural fit to combine the two together.
Additionally, it provides additional shareholder value.
Additionally, we are discussing of creating an incubator subsidiary
where new companies can be acquired and nourished until they can
also be spun off into their ticker symbols. The main focus of
Embarr Downs has been and always will be growing its stable of
thoroughbreds but we can also maximize shareholder value through
these subsidiaries."
The Company expects the Form 10 to be filed within the next
45-60 days.
About Embarr Downs. The Company is engaged in
the buying, selling and racing of thoroughbreds. The
Company's focus is acquiring thoroughbreds that can race in the
allowance and stakes level of thoroughbred racing; however, the
Company will initially begin acquiring thoroughbreds in the
claiming level of thoroughbred racing. More information can
be found at www.embarrdowns.com Additional information
can be found at www.embarrdowns.com and on our Facebook page
https://www.facebook.com/embarrdowns and Twitter at
https://twitter.com/EmbarrDowns.
Notice Regarding Forward-Looking Statements in
this press release which are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that any beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate.
CONTACT: Contacts:
Embarr Downs, Inc.
Joseph Wade
(949) 461-1471
info@embarrdowns.com
www.embarrdowns.com
Embarr Downs (PK) (USOTC:EMBR)
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