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Saturday, December 3, 2022

The Gloves Come off on Weed Inc(OTCMKTS:BUDZ)

Weed Inc(OTCMKTS:BUDZ) has been moving up steadily in recent days off its base at $2 a share as MJ stocks heat up across the board. BUDZ has transformed into a volume leader and is currently one of the top most traded stocks on the OTCBB.

BUDZ operates in the red hot cannabis market responsible for many of the hottest stocks on the OTCBB. The sector continues to be red hot as legal marijuana sales are expected to grow to more than $20 billion by 2022, from approximately $10 billion in 2018, according to Marijuana Business Daily.

Weed Inc(OTCMKTS:BUDZ) bills itself as a USA-based alternative reporting public company. WEED Inc. is a multi-national, multi-faceted, vertically-integrated world class Cannabis organization. WEED is structured as a holding company doing business through its divisions, wholly-owned subsidiaries, and strategically placed collaborative partners to achieve and promote our global brand. WEED is dedicated to its global goals and outreach across the full spectrum of the Cannabis industry to find treatments and medical cures utilizing the Cannabaceae plant family. WEED does not grow, harvest, produce, or sell any substance in violation of US Federal law under The Federal Controlled Substances Act, and meets all standards of international law for WEED, Inc. subsidiaries in foreign locations.

WEED operates a wholly-owned subsidiary Sangre AT, LLC which is a plant genomic research and breeding company comprised of top-echelon scientists with extensive expertise in genomic sequencing, genetics-based breeding, plant tissue culture, and plant biochemistry, utilizing the most advanced sequencing and analytical technologies and proprietary bioinformatics data systems available. Sangre AgroTech’s world-respected team provides decades of expertise and innovation in the fields of genetics, plant biology, plant pathology, phytoecology, and sustainable and environmentally sound agricultural practices. Using annotated genomic data and newly generated phenotypic data, Sangre AgroTech will identify and isolate regions of the genome related to growth, synthesis of desired molecules, drought and pest resistance. This complex data set will be utilized in a breeding program to generate and establish new hybrid cultivars which exemplify the traits desired by the medical community.

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In July of last year Sangre Agrotech completed their acquisition of property in La Veta, CO., as stated in our last press release for development of its Cannabis genomic research facility, The Sangre Bioscience Center. La Veta, located in southern Colorado’s Spanish Peaks region, is the new home for Sangre AT, LLC (dba “Sangre AgroTech”), the Company’s wholly-owned subsidiary. Sangre AgroTech has begun its 5-Year, $15+ million Cannabis Genomic Study to complete a global genomic classification of the Cannabis plant genus.

The site includes a 10,000+ sq. ft. building that will house the genomic research facility, a 4,000+ square foot building for plant product analytics and plant product extraction, a 3,500 sq. ft. corporate office center, and 25 RV slots with full water and electric, which the company plans to convert into a series of small research pods. This acquisition provides WEEDS’ Sangre AgroTech with the opportunity to expand its research mission through the construction of additional research laboratories and cloning facilities.

On August 13 BUDZ said its Form S-1 resale registration statement relating to the resale of up to 8,982,015 shares of its common stock by certain selling shareholders was declared effective by the Securities and Exchange Commission on August 8, 2018 at 4pm Eastern Time.

The most recent press release listed on BUDZ website is from March 13, 2018 when the Company announced the appointment of Dr. Patrick E. Williams to the Board of Directors of the Company as of January 23, 2018.

Dr. Williams is the President and Chief Science Officer of Sangre AT, LLC (dba “Sangre AgroTech”), a wholly-owned subsidiary of the Company. In that capacity, Dr. Williams oversees Sangre’s Cannabis Genomic Study, including genomic sequencing, genetics-based breeding, plant tissue culture, and plant biochemistry, utilizing some of the most advanced sequencing and analytical technologies and proprietary bioinformatics data systems available. In addition to serving on the Company’s Board of Directors, Dr. Williams will oversee genomic studies and clinical trials for the Company worldwide.

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Currently trading at a $376 million market valuation BUDZ has $794k in the treasury, minimal assets and no revenues to date. BUDZ is an exciting story deceloping in small caps; the Company is a multi-national, multi-faceted, vertically-integrated world class Cannabis organization whos wholly-owned subsidiary Sangre AT, LLC acquired a research facility and has begun its 5-Year, $15+ million Cannabis Genomic Study to complete a global genomic classification of the Cannabis plant genus.That being said shareholders are anxiously waiting for more information from the Company especially concerning the build out of their facility. We will be updating on BUDZ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BUDZ.

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Disclosure: we hold no position in BUDZ either long or short and we have not been compensated for this article.

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