Cavan Ventures Inc. (CVN) ("Cavan" or the "Company") has entered preliminary discussions with a private arm's length vendor regarding 150 hectares of agricultural land in the Philippines. The agricultural land is located approximately 3.5 hours from Manila, the Philippines' largest port and capital city.
The Company intends to begin its due diligence analysis of the agricultural land immediately, particularly as to its suitability for the construction of a hemp cultivation and manufacturing plant for hemp and cannabinoid products. As previously announced (see the Company's news release on March 25, 2014, and the clarifying news release on November 24, 2014), the Company intends to diversify its operations into the hemp and cannabinoid industry.
http://www.marketwatch.com/story/cavan-enters-into-a-non-disclosure-and-standstill-agreement-for-agricultural-lands-in-the-philippines-2014-11-27-131733651
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