Blue Diamond Ventures, Inc. (OTCMKTS:BLDV) CEO Joshua B. Alper has been on a 12-day extensive tour of the company’s holdings. During his tour, he closed numerous strategic meetings in Colorado, Buffalo, NY and Washington State. One of the significant achievements recorded during this trip was a closing of the terms for a Production Partnership Contract between Michigan Plant Technologies, Inc. and Medtiva Inc.
Blue Diamond reported that the vision for Michigan is turning into reality, and the company now will be at the fore front of the Michigan Cannabis Industry in many ways. This agreement marks win for all participants. Also, the unique form element of Med-a-Mints, seamless access to process technology, and sublingual delivery system fill a considerable place in Cannabis offerings for Michigan.
In unrelated news, Blue Diamond reported that its subsidiary Blue Diamond Consulting has signed another consulting contract, this time with a leading food packer to offer market research and to direct the firm on possible entrance into the expanding Cannabis Edibles market in California.
Alper met Cannabis Greenhouse Systems team, and discussed on a possible acquisition deal of the firm as a wholly owned subsidiary entity of Blue Diamond. It should be noted that Cannabis Greenhouse is a major greenhouse manufacturer that markets and produces Double Insulated Green Houses. The CEO was able to see Cannabis Greenhouse in action while his trip to Washington State Grower. He was then convinced that the greenhouse functions as the engineers designed. The proprietary shading setup was remarkably impressive. These systems design are now being assessed for the Cannabis market in Michigan.
In the last trading session, the stock price of Blue Diamond declined 25% to close the trading session at $0.00030. The decline came at a share volume of 33.86 million compared to average share volume of 15.96 million, clearly showing the growing negative sentiment of market towards the stock.
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