Vega Biofuels Takes the Smart Approach to the Cannabis Industry
With the cannabis sector in full bloom following the election cycle’s positive results, many OTC companies are dipping their toes in cannabis growth and drug development initiatives. This is great and exciting, but it makes me think back to the gold rush in California back in the “Wild West” days. The people who really made the money were the people who sold shovels to the gold miners. I am drawing parallels from the shovel sellers to Vega Biofuels, Inc. (OTC: VGPR) and what they are doing in the cannabis industry.
Vega Biofuels recently inked some exciting deals, including a reseller agreement to market the company’s Biochar product to Alaska’s legal cannabis industry. The company’s Biochar product is a soil enhancer that addresses environmental concerns by stabilizing the carbon in the soil through a carbon-negative process. This produces less runoff than traditional fertilizers and actually improves the land’s health, while at the same time improving crop yield. It’s a win-win for everyone involved, and it has shown to be tremendously potent with cannabis plant growth thus far. Due to recent successes in the cannabis industry, Vega Biofuels is actually starting to focus its biochar efforts on the cannabis industry as a primary market. They will be hosting an event at the 2017 Cannacon to get their product in front of over 5,000 legal cannabis growers, which they hope will increase sales and accumulate more word of mouth recommendations.© Copyright 2016 OTC News Magazine. All rights reserved.