Rushnet Inc (OTCMKTS: RSHN) has been on the rise again in recent days; the stock is a volume leader with a long history of big moves running from triple zeros to highs of $0.008 earlier this year. Rushnet has attracted a large shareholder base who continues to bid this one higher.
RSHN is at the right place at the right time; the cannabidiol (CBD) market is expected to hit $591 million this year, and it may grow 40 times this size—to $22 billion by 2022 – meaning that hemp-derived CBD could outpace all other cannabis markets, according to a new report by Brightfield Group.
Rushnet Inc (OTCMKTS: RSHN) is an edibles and beverage based company with stand-alone products, including most enhanced with CBD. Currently, we have developed 12 Products that will take advantage of the organic grow, pristine mineral water enhancement and organic CBD. RSHN is led by Frank Deangelo who used to be CEO of Applejam, Inc. which was one of the world’s largest restaurant franchises which he grew to having over $120,000,000 in sales with over 2500 employees before selling it.
The big story on Rushnet is their JV with XYZ Hemp, a vertically integrated soil-to-shelf Industrial Hemp Cultivation and processing project. The project is on schedule to fulfill its existing orders, which exceed $2,000,000. The JV includes the expansion of existing operations to meet the growing demand for these unique products. Those facilities are located, in major part, at 3573 G Road and 3531 G Road in Palisade, Colorado. The Palisade operation is registered in Mesa County by the Colorado Department of Agriculture to cultivate Industrial Hemp. This registration is listed under the “Registrants by County” tab in the “Mesa County” section.
Equipped to produce the highest quality, soil-to-shelf CBD and broad-spectrum cannabinoid products available, these state-of-the-art facilities combine cultivation, drying and curing, CO2 extraction, and post-extraction refinements. The experienced scientific team is led by founders Brian and Judith Olesen of One Straw Organic Orchards, Plum Daisy Kitchen, and Colorado Mountain Jam. With 20 years of experience as growers and producers of award-winning organic food products, they are uniquely equipped to meet the challenge of growing, processing, manufacturing, marketing, and distributing a wide range of high-value, CBD-infused retail foods, beverages, nutritional supplements, and healthcare options.
The same facilities and scientific team will be instrumental in the production, processing, and bottling of KnockoutPunch™, Awater™ and Ewater™, KOpunch™ and KO™. Additionally, the future CBD and non-CBD (ginseng) beverage production will be produced at the same facility or a second facility in the Steamboat Springs area, which is approximately 150 miles away.
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On June 27 Gold River Productions Inc. and RushNet, Incjointly announce their venture with LeGanjaFairy, LLC, a Washington State limited liability company, and Marakata Inc., a California corporation, and the acquisition of each resulting income stream.
LeGanjaFairy, LLC, a licensed Washington State marijuana Producer / Processor established by Shane Archibald in 2015, seeks to expand existing operations with funding from Gold River. LeGanjaFairy is located in Spokane Valley, WA 99212, BLS Account ID: 603348456-001-0001, with licenses as both a Tier 3 Marijuana Producer and a Marijuana Processor. In business for more than four years, 2019 year-to-date revenue of over $215k, total revenue of nearly $1.5 million and an expanding customer base, it offers more than 70 unique strains of Cannabis ranging from strains used for pain relief, high CBD-content, to heirloom strains that have been cultivated since the 1970’s. Customers currently receive their product in the form of flower, extract and in a pre-rolled format. Shane brings over 20 years of traditional business and project management experience in the IT, Transportation, Aerospace and Construction industries as a consultant, trainer, author and speaker to the developing cannabis industry.
“In this industry, you have to be either really cheap or really good. We are shooting for the latter,” says Shane. Planned expansion includes, among other things, increasing the number of cultivation lights to over 1,600. “I’m excited to work with Gold River Productions and RushNet as we advance through this remarkable era of continuing deregulation, growing market acceptance and a growing awareness of the medicinal value of Cannabis, as confirmed by the medical team of Gold River productions and RushNet. Our significant experience and their vast network of complementary products and companies will be instrumental in our ability to accelerate expansion, streamline operations and to our joint capabilities to offer new and improved products, bringing top-shelf enjoyment to our customers across the state and eventually the country.”
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Currently trading at a $23 million market valuation Rushnet is an exciting Company making big moves in the booming CBD space. The Company has several exciting projects including the JV with XYZ Hemp, a project scheduled to fulfill its existing orders, which exceed $2,000,000 as well as a partial interest in a 15-acre grow and extraction operation with Western Sierra Resource Corporation (WSRA) who recently announced its 12-month revenue forecast of $15.6 million. We will be updating on RSHN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RSHN.
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Disclosure: we hold no position in RSHN either long or short and we have not been compensated for this article.