Palm Beach — January 21, 2020 — The Now Corporation (OTC:NWPN), A Bio-Pharmaceutical research company focused on the research, education and production of Scientific-Grade Cannabidiol and Tetrahydrocannabinol medicine, announces a pilot program for producing derivatives from Industrial Hemp for biodiesel fuel in North Dakota.
The NOW Biodiesel Pilot Program forms part of the existing joint venture agreement with Mr. Curtis Johnson, for the cultivation of Industrial Hemp to be grown near Grand Forks, North Dakota. For the 2020 grow season, the pilot program will consist of 400 acres and, upon a successful growing season, the following years will then expand to include over 1000+ acres.
To Curtis Johnson who grew up on 2000 acres of a cattle and grain ranch, which he still owns and now grows soybeans, wheat and corn, this brings the opportunity for diversification and expansion of future cultivation: “I am excited to start this pilot program with The Now Corporation and to expand and diversify cultivation of new highly demanded products. With current governmental approvals, the requirement of growing industrial Hemp utilizing this prime land is economically justified.”
According to the U.S. Energy Information Administration*:
Production – U.S. production of biodiesel was 144 million gallons in October 2019. Biodiesel production during October 2019 was 2 million gallons higher than production in September 2019. Biodiesel production from the Midwest region (Petroleum Administration for Defense District 2) accounted for 68 percent of the United States total. Production came from 93 biodiesel plants with capacity of 2.5 billion gallons per year.
Sales – Producer sales of biodiesel during October 2019 included 57 million gallons sold as B100 (100% biodiesel) and an additional 84 million gallons of B100 sold in biodiesel blends with diesel fuel derived from petroleum.
The harvested biomass, pursuant to the joint venture, will undergo research and be quality tested for the effectiveness of hemp oil, and its blends for the purpose of fueling diesel engines. The end result will determine how the product would be economically and structurally feasible for use in further developing commercial biodiesel fuel.
“Feedback from farmers, retailers and biofuels producers is critical to the success of this future program,” Agriculture Secretary Perdue said. “Under the leadership of President Trump, USDA remains committed to fulfilling a key promise to American farmers to enhance the promotion of biofuels.” — WASHINGTON, Jan. 16, 2020 **
The Now Corporation is a publicly traded, bio-pharmaceutical research company focused on the research, education and production of Scientific-Grade Cannabidiol (CBD) from hemp and Tetrahydrocannabinol (THC) to be used for medicinal purpose, while focusing on pursuing business opportunities in the growing medical and recreational marijuana sector. Through its acquired assets, The Now Corporation is seeking to invest in our businesses associated with the growing, marketing, research and development, training, distribution and retail sale of scientific-grade medicinal cannabis, both in the United States and Canada. At The Now Corporation, we unlock and advance medicine for human life around the world, at every stage of life.
Curtis Johnson served in active duty with the Army, then served in the Army/Air Force Reserves, and retired after 42 years of active military service. His 2000-acre farm is located near Grand Forks, North Dakota an area historically dependent on local agriculture. The city’s economy now encompasses higher education, food processing, health care, manufacturing, and scientific research.
Updates will be forthcoming.
* U.S. Energy Information Administration: (referenced from https://www.eia.gov/biofuels/biodiesel/production/)
** U.S. Department of Agriculture: (referenced from https://www.usda.gov/media/press-releases/2020/01/16/usda-seeks-input-new-ethanol-sales-infrastructure-incentive-program)
For further information, please contact:
Chief Executive Officer
The Now Corporation
Phone: (561) 318-1903
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of The Now Corporation to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, The Now Corporation undertakes no obligation to publicly update any forwardlooking statement as a result of new information, future events or otherwise.