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2018-07-31T09:19:36+00:00 Jul. 31, 2018 9:19AM EST|

Venture Market News for July 31, 2018

 

  • Kraig Biocraft Laboratories Reports Farming Cooperatives Break Ground in Vietnam

“Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announces today that work has begun under the collaborative agreement signed between the Company and several farming cooperatives in Quang Nam Province, Vietnam. As part of the agreement reported earlier this month, these farming cooperatives have now begun planting mulberry. This mulberry is the key input for the Company’s newly formed subsidiary, Prodigy Textiles, its proprietary hybrid silkworms, and the commercialization of the Company’s recombinant spider silk materials…Under these agreements the Company expects that as many as 2,500 hectares (~6177 acres) of mulberry will be planted near the Company’s new factory, supporting Prodigy Textiles spider silk production for several years to come.”

  • Cannabis Company Kaya Holdings, Inc. (OTCQB:KAYS) Announces Preliminary Agreement to Purchase Eugene, Oregon Marijuana Grow and Manufacturing Facility in $1.55 Million Deal

 

FORT LAUDERDALE, Fla., July 31, 2018 (GLOBE NEWSWIRE) -- Kaya Holdings, Inc. (OTCQB: KAYS) announced today that it has reached a preliminary agreement to purchase a 12,000 square foot indoor marijuana grow and manufacturing facility in Eugene, Oregon, which has a current capacity to grow in excess of 800 pounds of high quality medical and recreational cannabis annually. The seller also holds a production license for the manufacture of extracts, oils and edibles, as well as the machines and equipment necessary to begin production, which will be included as part of the real estate purchase.

 

 

  • Medical Marijuana, Inc. and Subsidiaries 2018 Revenue Surpasses Its Total 2017 Revenue

 

SAN DIEGO, July 31, 2018 /PRNewswire/ -- Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that its portfolio of companies 2018 revenue has surpassed its total 2017 revenue…Medical Marijuana, Inc. recently announced that its Q1 2018 revenues exceeded $10.5 million, an increase of more than 190% over Q1 2017. Wholly owned subsidiary Kannaway® saw the most growth from Q1 2017 to Q1 2018, with Q1 2018 revenues increasing more than 325% to $7.5 million

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