Blue Diamond Emphasizing Cannabis
DENVER – Blue Diamond Ventures Inc. is aiming to increase its involvement with cannabis-industry products.
The company executed a strategic reorganization plan to optimize its most-recent acquisitions for definable projects and revenues.
“I have completed the review and restructure of all of the company’s efforts and involvements,” said Joshua Branin Alper, Blue Diamond Ventures CEO, “and we have specific business plans for both Blue Diamond Consulting LLC and United Sustainable Technologies LLC, the two wholly owned subsidiaries of BLDV.
“Today we generate about 20% of our revenue in the cannabis Industry, plus an additional 40% in project/construction management, and 40% in the alternative energy sector,” said Alper. “By the end of 2017 we expect the core mix to be 50% cannabis and 50% alternative energy projects.”
In the cannabis-industry area:
- Now-Brands LLC, producers of Olde Imperial Mystic Hemp Flavored Vodka, has received its formula and label approvals from the TTB. The company via its contract distiller has begun the production process and has appointed Forum Brands, LLC as its New York State Distributor. Forum Brands has registered the brand in New York for sales and distribution to begin in July 2016. (40% owned by Blue Diamond Ventures)
- Cannabis Clean LLC, providers of cannabis-based cleaning and special grow-room treatments, is having its best month of sales ever and continues to expand with new projects, formulations, and equipment. Steve McMorrow, president of Cannabis Clean, has continued to work with Blue Diamond Consulting to raise capital, define the company’s offerings, and explore national expansion. (20% owned by Blue Diamond Ventures.)
- Florida Formulations LLC – Blue Diamond Ventures Inc. has signed an MOU with Dan Nicholson of Satellite Beach, Fla., to form Florida Formulations, LLC, a processing and bottling plant for the 100% Plant Based Cleaners & Disinfectants sold by United Sustainable Technologies LLC under the Blue Diamond Brands – BLUE BIO & BIG BLUE as well as the AgriHit Plant Tonic Products, including the new SEED SOAKER line that were released at the recent Marijuana Business Conference and Expo in Orlando.
United Sustainable Technologies will remain as the distributor of the Toronto-based manufacturer of all of these Nano-Technology Products. Nicholson will be an equity owner in the new venture as well as the Manager of the new LLC.
“This will be the master formulation facility for all of Green Earth Nano Science Inc. products in the USA,” said Alper. “These products have application in multiple sectors. Cannabis is a good place to start due to the emphasis on testing and compliance now moving into major markets; in the long run, any business looking to decrease exposure for workers and still maintain high cleaning and anti-microbial standards is a potential customer.”
- Work continues on strategic partnerships with airPHX, California Light Works, JuJu Joints, and Better Air, as well as smaller projects with multiple consulting clients.
In other news, BLDV announces that the “limited chill” placed on the company’s electronic trading of common stock has been lifted. Blue Diamond has received confirmation from the DTCC as of June 7.
Blue Diamond Ventures, Inc. seeks to partner with individuals and companies that share a common synergy, mission, and vision to enable products/services that are produced, delivered and consumed utilizing fewer natural resources, providing a sustainable alternative to traditional products on the market today.