Upper Street Marketing Has Acquired Key Facility
San Diego, CA, May 03, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Upper Street Marketing Inc. (OTC Markets: symbol UPPR, website http://upperstreetmarketing.com ) and its wholly-owned subsidiary, Growing Springs Holding Corporation, are pleased to announce that it has acquired a 95,000 square foot facility in Center, Colorado for the processing of hemp and extraction of CBD.
The price paid for the building was $1,100,000.
“This facility is a center-post for UPPR and its wholly owned subsidiary Growing Springs as it cultivates over 300 acres of organic industrial hemp in Colorado and extracts cGMP (Current Good Manufacturing Practice) CBD isolates and distillates,” said Joseph Earle, Upper Street CEO.
Further to our news release of April 25, 2019, below is a corporate update.
We embarked on an ambitious plan in 2018 to become the first and likely the largest cgMP CBD producer and marketing company in the United States and a major player in the global market for what we see as the most significant new market in many years.
So what is this significant new market and what is the potential size of this market?
In a recent Fortune Magazine article, dated February 25th, 2019 they quoted a news analysis by Cowen & Co, nearly 7% of Americans are already using cannabidiol (CBD), placing the potential for the much-hyped cannabis compound at $35 Billion by 2025.
They went on to say that they “conservatively” see CBD use growing to 10% of U.S. adults or 25 million consumers by 2025.
So far, although CBD is promoted as an effective treatment for everything from arthritis to insomnia, the only clinically proven remedies are for two rare forms of childhood epilepsy.
We see this changing and UPPR, through its wholly owned subsidiary, is at the forefront of this change.
Why do we say this?
We are one of the very few “seed to consumer” hemp and CBD companies in the world.
And we are most certainly either the only or one of the very few companies who have cGMP (Current Good Manufacturing Practice) capabilities in the hemp and CBD marketplace.
What is cGMP and why is that so valuable and important?
Because cGMP regulations are enforced by the FDA (the U.S. Food and Drug Administration) and that capability to meet FDA rules and regulations for CBDs puts us at the forefront of what is already happening and what is about to come.
More and more, CBD products will have to be approved by the FDA and backed up by science when the manufacturers and sellers of CBD products make claims for their products.
As more and more science proves that CBDs are effective treatment for more and more sicknesses and maladies, very large numbers of consumers are going to demand that the products they buy be properly certified and backed up by solid science.
We at UPPR are at the forefront of that trend, and back it up with our strategic partnership with Primapharma ( www.primapharma.net ) which we announced on January 22, 2019, to develop fully cGMP CBD oils and isolate, as well as research and clinical studies.
In order to be a “from seed to consumer” CBD company, we grow our own hemp, extract the high quality CBD from our own hemp and with our partnership with Primapharma, we are developing cGMP products for consumers.
This is how we are unique and how we are attacking this large and rapidly growing market that is estimated to be a $16 Billion market within the next seven years.
Upper Street Marketing Inc website; http://upperstreetmarketing.com
For Further Information Contact:
Upper Street Marketing Inc.: . Phone: (844) 535-UPPR (8777) Email: firstname.lastname@example.org
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Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, and similar expressions, as they relate to the Company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about the Company’s business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. Such statements could be affected by risks and uncertainties related to: (i) our ability to execute the Company’s business plans with the uncertainty of agricultural crops (ii) product demand, market, and customer acceptance of the Company’s products, (iii) the Company’s ability to obtain financing to expand our operations, (iv) the Company’s ability to attract qualified sales representatives, (v) competition, pricing and development difficulties, (vi) the Company’s ability to conduct the business if there are changes in laws, regulations, or government policies related to the Company’s products, (vii) the Company’s ability to conduct operations if it faces product recalls, and (viii) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
For Further Information Contact: Upper Street Marketing Inc.: Phone: (844) 535-UPPR (8777) Email: email@example.com