SUNNY ISLES BEACH, Fla. & CALI, Colombia--(BUSINESS WIRE)--New Colombia Resources, Inc. (OTC PINK: NEWC) ("New Colombia" or the "Company"), a U.S. company with specialty metallurgical coal, medical marijuana, and hemp assets, reports that a decree was announced by Colombia’s Minister of Health regulating the use of medical marijuana. The decree was signed by the Minister of Health, Minister of Agriculture, and Minister of Justice. The President of Colombia, Juan Manuel Santos, is expected to sign it later on today.
New Colombia Resources’ subsidiary, Sannabis, was invited last week to the Ministry of Justice to inform them of the decree coming out today. Sannabis is proud to become the pilot for this new industry; they have been using the techniques and protocols established in the articles of the decree and enjoy support from regulatory agencies.
“We were the first ones to introduce the concept of legalizing medical marijuana in Colombia, and with thousands of plants in production and hundreds of patients, we couldn’t be happier with today’s developments. Our phones are ringing off the hook as we get ready for the next chapter of making Sannabis the best brand of medical marijuana products on the market,” stated John Campo, President of New Colombia Resources Inc.
Company subsidiary, Sannabis SAS, has been cultivating medical marijuana and producing high quality products for over 2 years in Colombia. They supply foundations for children with Epilepsy and sponsor activities for their benefit. They aim to become the leaders of medical marijuana products in Colombia.
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15-17 million tonnes of reserves. New Colombia Resources also holds a significant position in Sannabis which legally produces medical marijuana products in Colombia, visit www.sannabis.co. For Company information visit www.newcolombiaresources.com.
Forward Looking Statements
This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements might not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.