International
Endeavors Corp. (IDVV)
Subsidiary Applies for
Funding under the Canadian CA$3
Billion Agricultural Program
Las Vegas, NV -- August 7,
2018 -- InvestorsHub NewsWire -- International Endeavors
Corporation (OTC:
IDVV) announces, as according to Forbes, that during July
2018, for the first time, the Canadian government made almost all
of the Canadian Agricultural Partnership's funding programs
available to the cannabis industry. This Partnership is a five-year
program with CA$3 billion in the investment funds. It was launched
in April 2018 to strengthen the agricultural sector that now
includes cannabis cultivation. In Canada, the federal, provincial,
and territorial governments, all work together through the Canadian
Agricultural Partnership.
Andrew Read from
International Endeavors Corp. says, "This is an exciting
development that is likely to create explosive growth in the
agricultural infrastructure for the cannabis industry in Canada.
International Endeavors Corp. immediately recognized the tremendous
opportunity offered for the cannabis industry by these Canadian
agricultural programs, which will help support the ongoing
international expansion of our company."
International Endeavors
Corp. (OTC stock symbol:
IDVV) is now applying for very favorable matching funds from
the Canadian Agricultural Partnership under the Agri-Innovate
Program. These Canadian government contributions are long-term and
interest-free.
International Endeavors
Corp manufactures the Off-Grid Grow Lab (OGGL) and wants to deploy
Canadian OGGLs all over Canada in response to the strong emerging
growth of national marijuana production. The OGGL design is
standardized and operates in sustainable ways without the need for
power-grid connections. The OGGL is perfect for Canada because it
can be located almost anywhere that gets sunshine; even in places
with challenging temperature extremes and harsh
climates.
Director of Marketing for
International Endeavors Corp., William Vinson, says "Through our
Canadian subsidiary, we are advancing rapidly to support the
Canadian cannabis market in light of the upcoming Oct. 18, 2018,
formal legalization of adult-use recreational marijuana. The recent
authorization by the Canadian government of significant funding on
excellent terms for the cannabis industry is the perfect fit for
financing the major production plans for the
OGGL."
The Canadian OGGL is a grow
lab for marijuana that is specifically designed to be manufactured
in Canada. The market disruption strategy, envisioned by
International Endeavors Corp., is to get nationwide approval for
the OGGLs. A master approval process will be executed by the
company simultaneously at all the Canadian-government levels
including compliance under all federal regulations, provincial
requirements, and territorial laws. With nationwide approval, the
OGGLs can then be used for cannabis cultivation anywhere in Canada,
making it significantly easier to enter into the marijuana
cultivation business produce product quickly, and generate
substantial profits when meeting the expected high demand for
cannabis.
Under the Agri-Innovate
program, the Canadian government contributes 50% of the funding for
a project. The maximum project size is CA$20 million with the
Canadian government contributing half of this amount. The project
must be completed by 2023. There is no interest on the Canadian
government funds. Payback starts one year after the project
completion, with equal annual payments over the following five
years.
The Canadian Agricultural
Partnership focuses on these priority areas, which the Canadian
OGGL project will accomplish in a spectacular
way:
- Commercialization of
innovative technology with showcase sites in Ontario and other
parts of Canada for demonstrations of the OGGL.
- Manufacturing of prototype
models of the OGGL designed specifically for
Canada.
- Marketing to a targeted
user base in order to secure significant customers for market
dominance.
- Large-scale manufacturing
and deployment of OGGLs to achieve economies of scale and increase
productivity.
- Creation of new domestic
and export markets and improving
competitiveness.
- Environmental
sustainability along with continued growth of value-added
agriculture.
- World-leading clean
technology that includes precision cannabis agriculture under
micro-licenses.
The availability of funds
through the Agri-Innovate program creates the opportunity for
International Endeavors Corp. to achieve widespread national
distribution of the OGGLs with the backing of Canadian-government
financing. After the Canadian design of the OGGL is approved, it
can be sold all over the country without the need for further
complicated approvals to marijuana cultivators. As a standardized
unit that is cost-efficient, the OGGL incorporates advanced
engineering that addresses all the Canadian priorities. This will
dramatically shorten the time for cultivation/sale license approval
when compared to the time needed to approve construction of the
various other types of growing facilities, which are not
standardized.
About the
OGGL: The OGGL is the first purpose-built, self-contained,
off-grid growing laboratory. Built in a custom-designed 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.
OGGLs that meet national
Canadian standards, as well as provincial regulations, will be more
easily deployed than any alternative cultivation solutions. They
can be delivered quickly and put into operation the next day after
arrival without the need for individual OGGL approvals. The OGGL
provides a structurally-sound solution for cannabis cultivation. It
has a controlled environment that produces a consistent quality
product to meet exacting standards.
About International
Endeavors Corporation (OTC
stock symbol:
IDVV)
International Endeavors Corporation is now operating out of its
headquarters in Las Vegas, NV serving the United States. The
company continues to expand its planning, financing, production,
and marketing efforts for the OGGL in Canada. The company focuses
on building patented technology that supports the rapid deployment
of agricultural infrastructure and the equipment needed for the
medical marijuana and legal cannabis industry.
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.
Contact:
William Vinson, Marketing
Director
Phone:
1-702-473-4477
Email: willivision@gmail.com
Nate Engel, CEO
Phone: 1-951-296-1024
Email: nate@internationalendeavorscorp.com