TUCSON, Ariz., Dec. 27, 2024 (GLOBE NEWSWIRE) — via IBN – WEED Inc. (OTCQB: BUDZ), (“WEED,” “HEMP” or the “Company”), a global cannabis and hemp bioresearch company based in the U.S., shares the Company’s 2025 plans and reviews its 2024 highlights in a letter to shareholders.
Dear Fellow Shareholders,
WEED Inc. is a global cannabis and hemp bioresearch company based in the USA, focused on the development and application of cannabis–derived compounds for the treatment of human and animal diseases, and is pleased to announce today that we intend to expand into “consumer packaged goods” utilizing our rare Landrace strains including Original Panama Red, Acapulco Gold, Red Bud Colombian, Santa Marta Gold, African Ebony, Jamaican, Thai (ThaiSticks) and Andalusian Nepelese (remember Temple Balls – Hash).
As your president and CEO, I’m so very grateful for your support and patience as our team at WEED move the company forward in 2025. The regulated markets, globally in cannabis, has grown and so have regulatory hurdles.
Here are some of the highlights from 2024:
- March 2024: WEED Australia Ltd. representatives attended the Pharmaceutical Guild of Australia conference in Brisbane, Australia, to meet with Queensland V.P. of Finance, Dr. Kos Sclavos, and past National President. Dr. Sclavos has been supportive of our Medical Cannabis program designed for Australians by Australians to cultivate our unique Landrace strains for specific ailments and treatments for patients.
- June 2024: In my role as WEED’s President and CEO, I traveled to conduct WEED Australia Ltd.’s Annual Shareholder meeting for year ending June 30, 2024. Our 8th year as a fully reporting medical cannabis pubco under ASIC rules. Successfully met with investors and attorneys to research an IPO in 2025. We are currently in the process of deregistering the Cannabis Institute of Australia, for cost cutting measures.
- November 2024: We started the process of deregistering WEED Hong Kong Limited, that was founded in 2019 to handle international IP, but has been dormant due to Covid-19 and we believe is no longer necessary to our long term growth. These de-registrations are for cost cutting measures and will keep all I.P., Trademarks and Registered Marks in the U.S.A.
- November 2024: We received our “registered mark” for “Panama Red” in USA and Canada. Registration number: 1,250,501 for the following categories of Goods/products:
Category (9) (1) downloadable and non-downloadable software for social networking education in the field of tobacco.
Category (16) (2) stickers, postcards picture, postcards, magazine, and pamphlets.
Services: (41) production of news, webcast, arranging and conducting educational conferences, entertainment in the nature of music, festivals, entertainment service in the nature of presenting live music, festivals, entertainment, namely, live music, concerts, entertainment, namely, production of music, festivals, organization of exhibitions namely, production of music, festivals, organization of exhibiting for music, entertainment, organizing, festivals for culture and entertainment, purposes, namely, organization, and presentation of music, festivals and concerts for music, entertainment, organizing, festivals for culture and entertainment, purposes, namely, organization, and presentation of music, festivals and concerts. CEO was a national concert promoter for 17 years.
- “Registered Marks” for “WEED” in USA and Canada. Registration number 1,260,391. Goods and products; Category (16) for stickers, postcards, picture, postcards and posters. This long process started in 2018 to add to WEEDs IP portfolio.
- Service “Mark” for “WEED Rules!”. Notice of Allowance (NOA) issue date; April 9, 2024. U.S. Serial Number; 88060305, Docket/reference; 57196/6804. No opposition was filed for this published application. Goods/services category 025 & 035 by International Class.
(025) Hats, T-shirts, shirts, tank tops, halter tops, tops, sweatshirts, jerseys, boxer shorts, headwear, footwear, bikinis, ties, wristbands, hat bands, sports bras, women’s athletic tops with built-in bras, fedoras, flip-flops, polo shirts, skull caps, bandanas
(035) Promotional services, namely, distribution of advertising materials, including flyers and catalogs; providing consumer information and related consumer news in the field of marijuana and cannabis and medicinal and therapeutic marijuana and cannabis infused products
- WEED Inc. has retained for long-term use and possible crypto “WEEDCOIN” currency. Domains included WEEDcoin.com.au, BillionDollarNews.com, SkunkPot.com, WEEDAustralia.com.au, along with 200 additional domains to build out I.P. & branding presence.
- WEED has put up for sale, at a purchase price of $2.1 million, our Four Winds of Lake Erie LLc AKA the Sugar Hill golf course, 45 acres on Lake Erie, Portland, New York. The state of New York has shown strong interest in purchasing our property to develop a New York State Park.
- WEED has acquired and maintains all five HEMP license in Arizona for cultivation, harvest, transport, product development, sales. Licenses are held under HEMP Biosciences Inc, an Arizona corporation wholly owned by WEED Inc., for the past five years.
- WEED is researching licensing for a THC grow license in Arizona to begin revenue sales for WEED’S rare landrace strains acquired and kept F1 quality including original strains: Panama Red (July 1970) Redbud Columbian and Santa Marta Gold (1973) African Ebony (1978), Thai (Thai sticks, 1975) Andalusian Nepalese (1976). Remember “Temple Balls.”
- WEEDs seedbank includes over 200 strains developed over 55 years. Due to federal regulations, there has been “zero” value on over 2 million seeds. None have been sold to market due to rarity of strains. WEED intends to grow, package, brand and sell wholesale when legally allowed.
- WEED has no long-term debt and has NEVER taken out a convertible note. There’s approximately 125 million shares 0/S with ~ 31million shares in float through the end of 2024.
If you have any questions or seek further information, please do not hesitate to reach out. Thank you for your trust, support & partnership. 0nward to a Prosperous Happy New Year 2025 for all!
Sincerely,
Glenn E. Martin
President & CEO
WEED, Inc.
