QED Connect Inc. Subsidiary Emerald Med Farms
QED Connect Inc. Subsidiary
Emerald Med Farms
Prepares For First Marijuana
Harvest
MANCHESTER, NH – August 6, 2014
– InvestorsHub NewsWire -
Management of QED Connect Inc. (OTC Pink:
QEDN) announced today that their wholly owned subsidiary,
Emerald Med Farms Inc., is progressing into the harvesting phase of
their first marijuana crop. The process is expected to take up to
75 days to complete.
In conjunction with best
practices, the crops were planted in stages and have reached
various levels of maturity, allowing for parcels to develop
incrementally. This method enables the staff adequate time to
process plants as others come into full bloom. Additionally,
colas (buds) within individual plants may develop ahead of others.
Colas near the top of the plants can develop faster
than at the bottom. Once separated from bigger leaves, the
colas are broken down to an appropriate size to be dried and cured.
Finally, the colas are trimmed to remove any additional leaf and
stem material in preparation for distribution. For each plant or
parcel of plants, drying and curing can take up to two
weeks.
Current estimates are in line
with the company’s June, 4th announcement of yielding 3 to 4 pounds
of product per plant. This accounts for the “wet weight” of a fully
developed plant prior to trimming and curing. Once the harvest is
complete the company will update shareholders of the total
approximate yield of useable marijuana as well as preparations to
distribute the marijuana to their California approved Co Operative
of dispensaries.
Tom Makmann, President &
CEO of QED Connect, Inc., commented, “We are very excited with the
success Emerald Med Farms has experienced to date. The Medical
Marijuana industry continues to gain momentum as seen by a July
26th editorial in the New York Times,
“Repeal Prohibition, Again”.
Additionally, I am pleased to announce that we have received the
initial tranche of $250,000 in debt financing to be used as working
capital for Emerald. The funds will be re-paid solely by profits
generated through Emerald Med Farms and will be non-dilutive to
shareholders.”
About Emerald Med Farms,
Inc.
Emerald Med Farms is
a medical marijuana enterprise
located on 300 acres of multiple parcels, agriculturally zoned, in
Mendocino County, California.
The company is committed to operating its facilities at the highest
levels utilizing state-of-the-art proven methods to produce the
highest of quality medical cannabis. Emerald Med Farms operates as
an independent agent to the not-for-profit medical marijuana
cooperatives providing them with goods and services to meet their
requirements. The Company is the lease holder of land, and
maintains and operates equipment, facilities and employees to grow
and harvest the crops under a fixed contract.
www.emeraldmedfarms.com
About QED Connect,
Inc.
QED Connect, Inc. is a holding
company which makes acquisitions, investments, and enters into
strategic business partnerships. The Company works with
organizations that are looking for capital, management assistance,
or help in reaching their target markets to realize their true
potential. QED acquired StockProfile.com.
In April 2014, the Company
entered into an agreement to acquire Emerald Med Farms,
Inc. QED’s business model allows it
to achieve its goals by expanding its overall revenue and profits
potential through multiple market segments.
www.qedconnect.com
Safe
Harbor Statement
Certain statements in this
press release that are not historical facts are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements may be identified by the use of
words such as "anticipate," "believe," "expect," "future," "may,"
"will," "would," "should," "plan," "projected," "intend," and
similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of QED to be
materially different from those expressed or implied by such
forward-looking statements. QED’s future operating results are
dependent upon many factors, including but not limited to the
Company's ability to: (i) obtain sufficient capital or a strategic
business arrangement to fund its expansion plans; (ii) build the
management infrastructure necessary to support the growth of its
business; (iii) competitive factors and developments beyond the
Company's control; and (iv) other risk factors.
For more information
contact:
Tom Makmann
Tel: (603)
425-8933
Fax: (561)
764-6180
Email: info@qedconnect.com
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