CALI, Colombia, August 11, 2016 /PRNewswire/ --
New Colombia Resources, Inc. (OTC: NEWC), a Colombian
company listed in the U.S., is pleased to announce its plans to
legally develop coca leaf products for medicinal and nutraceutical
uses. The Company has developed a line of medical marijuana
products in Colombia since 2014
through a joint venture on an Indian reservation. Unlike
marijuana, coca is a Schedule II drug in the United States because it has medical
benefits. The DEA announced this week that marijuana will
remain a Schedule I substance until the FDA determines it has
medical benefits.
Indigenous communities in Colombia have been using "mama-coca" for
centuries as a medicine and are allowed to grow coca leaves to
manufacture and market products derived from their sacred plants,
including marijuana and coca. New Colombia Resources has made
significant advances in creating several categories of products to
be announced in the very near future. They will partner with
experienced Colombian and international manufactures in the
respective industries of their products. Their indigenous partners
have decades of experience in developing and marketing these
products which the company plans to take to the next level with the
participation of the whole community. "As Colombians our aim
is for Colombians to take the lead in this new industry, not
multi-nationals. Our experience with medical marijuana is a
huge benefit in our efforts to create a sustainable coca leaf
industry for these communities," commented John Campo, President of New Colombia Resources,
Inc.
Approximately 100 metric tons of coca leaves are legally
imported to the U.S. each year under special permission from the
Drug Enforcement Administration (DEA). It is widely reported
that The Coca-Cola Company (NYSE: KO) is the only U.S. corporation
that has been granted the right to legally import coca leaves into
the United States, via a coca
processing lab known as the Stepan Company. Once the coca leaves
are imported to the U.S., the cocaine is extracted from the leaves
and sold to pharmaceutical companies and the remnants used as
flavoring by Coca Cola. New Colombia Resources will
de-cocainize the coca leaves in Colombia for any products it intends to
legally import to the U.S.
Used in its whole form, coca leaf is a fundamentally benign
herbal material which provides vitamin A, riboflavin, iron and
calcium, and may also help to regulate blood glucose, thus
enhancing metabolism and helping to reduce the tendency toward
adult onset diabetes and obesity. Coca leaf is also rich in
beneficial antioxidants, including ones that help to protect the
integrity of blood vessels. But its concentrated, isolated alkaloid
cocaine is an illicit drug that has taken the lives of thousands.
Coca tea can be good for you, but cocaine can kill you.
Debates to legalize coca medicines and consumables in all of
Colombia have been opened by
Senator Juan Manuel Galan, who
opened debates in 2014 for the legalization of medical marijuana
which was passed in May 2016.
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and
development of high-quality metallurgical coal properties and other
available resources in the Republic of Colombia. They expect to have several revenue
producing businesses including; metallurgical coal mining and rock
quarry aggregates for domestic Colombian highway and railroad
building projects. The Company owns 100% of La Tabaquera
metallurgical coal mine in Colombia with an estimated 15- 17 million
tonnes of reserves. They have another pending acquisition for
390 ha and a solicitation contract for 184 ha metallurgical coal
concession. New Colombia Resources also holds a significant
position in Sannabis SAS which legally produces medical marijuana
products in the Republic of Colombia, visit http://www.sannabis.co. For
more information on the Company visit
http://www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Act of
1934. A statement containing works such as "anticipate," "seek,"
intend," "believe," "plan," "estimate," "expect," "project,"
"plan," or similar phrases may be deemed "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Some or all of the events or results
anticipated by these forward-looking statements might not occur.
Factors that could cause or contribute to such differences include
financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations.
New Colombia Resources, Inc. does not undertake any duty nor does
it intend to update the results of these forward-looking
statements.
Company/Media Contact:
New Colombia Resources, Inc.
John Campo
President/Chairman
+1-410-236-8200 USA
+57-318-657-0918
jcampo@newcolombiaresources.com
SOURCE New Colombia Resources Inc.