Bazelet Oglesby enters the Georgia cannabis market with its patented, THC free Panakeia plants

Rhea-AI Summary

Neon Bloom, Inc. (OTC: NBCO) announced on April 16, 2021, that Bazelet Oglesby has successfully planted its patented 0.00% THC Panakeia cannabis plants in South Georgia. This development marks Bazelet's entry into the Georgia cannabis market, utilizing a former golf course for crop production. Panakeia is the world's first patented cannabis plant with zero THC, making it compliant with federal law. Bazelet aims to provide safe and effective cannabinoid products for healthcare professionals, particularly as Georgia launches a low THC medical marijuana program.

Positive

• Bazelet Oglesby successfully planted patented 0.00% THC Panakeia cannabis plants in South Georgia.
• Bazelet is the first-to-market producer of THC-Free cannabis ingredients, positioning itself as a leader in the legal cannabis industry.
• The company's expansion into Georgia coincides with the state's upcoming low THC medical marijuana program, potentially increasing demand for its products.

Negative

• None.

ALTHA, Fla., April 16, 2021 /PRNewswire/ -- Neon Bloom, Inc. (OTC: NBCO) -- Bazelet Oglesby, a global leader in the legal industrial hemp industry announced today that it has built, delivered, and planted its patented 0.00% THC Panakeia cannabis plants in South Georgia.

Bazelet Oglesby enters the Georgia Cannabis Market

Following the company's rural development initiatives, its first crop, located in Southwest Georgia, is the adaptive reuse of the former Green Valley Country Club. The site is one of several in Georgia that the Company will utilize to produce its 2021 Panakeia crop.

Panakeia is the first (USPTO) patented cannabis plant in the world. Panakeia plants contain 0.00% Tetrahydrocannabinol (THC) an illegal substance under federal law that is found in all marijuana and hemp plants. Panakeia plants have the most promising of all cannabinoids for broad use in food, drug and cosmetic applications. Bazelet is the licensed patent, trademark and manufacturer of Panakeia and first-to-market in the development and innovation of THC-Free cannabis ingredients.  

Called by some, the Tesla of cannabis, Bazelet built Panakeia plants allow access to the diverse and therapeutic compounds found in cannabis but with zero risk of breaking federal law and zero risk of unwanted intoxication from THC.

"Bazelet Oglesby is one of only a few companies positioned to establish legal cannabis as a respected, sustainable industry. We are honored and accept with responsibility, that we are part of authoring its history and excited to serve the Georgia market." Said Gary Hennen, Director with Bazelet Oglesby.

Bazelet Chief Medical Officer Dr. Francisco Ward commented that "Georgia is expected to soon launch a new, low THC medical marijuana program. Bazelet is uniquely positioned to provide Georgia's healthcare professionals exceptional cannabinoid derived products that are safe, effective and made from the world's only 0.00% THC cannabis plant collection".

About Bazelet Oglesby:
An innovative plant science company establishing itself as a world leader in tissue culture propagation and the production of young plants for the global horticulture industry. The company is a subsidiary of Bazelet Health Systems and Oglesby Plants International. Bazelet Health Systems, Inc. is wholly owned by Neon Bloom, Inc.

Disclaimer:

This Press Release is for informational purposes, contains forward-looking statements based on current expectations, forecasts, and assumptions with information available to us as of the date hereof and involve risks and uncertainties. This Press Release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Actual results may differ materially from those stated or implied in such forward-looking statements. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "would" or similar words. We assume no obligation to update the information included in this Press Release, whether a result of new information, future events or otherwise.

CONTACT Kirk Calvert
COMPANY Bazelet Oglesby, LLC
PHONE (321) 558-2170
EMAIL info@bazeletoglesby.com
WEB www.bazeletoglesby.com

View original content:http://www.prnewswire.com/news-releases/bazelet-oglesby-enters-the-georgia-cannabis-market-with-its-patented-thc-free-panakeia-plants-301270584.html

SOURCE Bazelet Health

FAQ

What is Neon Bloom's stock symbol?

Neon Bloom, Inc. is traded under the stock symbol NBCO.

What is the significance of the Panakeia cannabis plants?

Panakeia is the first patented cannabis plant in the world that contains 0.00% THC, allowing legal cultivation and use without intoxication risks.

When did Bazelet Oglesby enter the Georgia cannabis market?

Bazelet Oglesby entered the Georgia cannabis market on April 16, 2021.

How does Bazelet Oglesby's product differ from traditional cannabis?

Bazelet's Panakeia plants have no THC, making them compliant with federal law and suitable for various applications without the risk of intoxication.

What potential market does Bazelet target in Georgia?

Bazelet targets healthcare professionals in Georgia, particularly with the launch of a new low THC medical marijuana program.