TEMECULA, Calif., June 28, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- International Endeavors Corporation (OTC:IDVV) offers an innovative cooperative program for licensed marijuana growers to make use of the Off Grid Grow Laboratory (OGGL) that was invented by the company.
The cooperative growing program using the OGGL allows marijuana growers to rapidly expand operations with no capital investment. Under the new program, called Grow-Ops™, International Endeavors Corporation supplies the OGGL equipment, under a profit-sharing joint venture arrangement with licensed growers. The initial Grow-Ops™ program will start with ten (10) OGGLs on a first-come, first-served basis. This represents about $1.5 million in equipment being placed into service by International Endeavors Corporation under cooperative agreements with licensed growers.
Marketing Director for International Endeavors Corporation, William Vinson, said, “The growers bring the talent and we supply equipment. The Grow-Ops™ program allows licensed growers to rapidly scale-up their operations to meet market demand. Participation by qualified licensed growers allows them to get the equipment that they need right away by pledging profit-sharing from the sale of future harvests. We can only allocate ten units of the OGGL to this innovative program at this time in Nevada and California. However, we hope to have 100 units or more in place in the future to help Canadian growers meet the demand for marijuana and related products in Canada.”
About the OGGL: The OGGL is the first purpose-built, self-contained, off-grid growing laboratory. Built in a low-cost shipping container, the OGGL has integrated solar modules and lithium-phosphate batteries coupled with a generator backup to supply uninterrupted power to the grow room. The OGGL has been configured for the three stages of the growing process, which are: vegetative, flowering, and cloning.
Off Grid Grow Lab Demo
About International Endeavors Corporation (OTC stock symbol:IDVV)
International Endeavors Corporation focuses on building intellectual property and making equipment sales in the Medical Marijuana and Legal Cannabis Industry through the creation of off-grid grow labs, biomedical devices, clean-energy solutions, and patented devices. The company is also engaged in locating and acquiring established companies, brands, and technologies. The company’s real estate portfolio includes commercial property, agricultural land, and buildings.
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. International Endeavors Corporation (IDVV) is under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise.
William Vinson, Marketing Director
Nate Engel, CEO
Source: International Endeavors Corporation
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