SOURCE: Clean Power Concepts Inc.

February 03, 2015 07:00 ET

Clean Power Concepts Signs Letter of Intent to Acquire Canadian Medical Marihuana (MMPR) Applicant

CALGARY, AB--(Marketwired - Feb 3, 2015) - Clean Power Concepts Inc. a Wyoming domiciled company (OTC PINK: CPOW) today announced that it has entered into a letter of intent to acquire and merge Clean Power Concepts Inc. with Canruderal Inc. an Alberta based MMPR (Marihuana for Medical Purposes Regulations (SOR/2013-119)) applicant. "Canruderal has a Health Canada application number and very strong application submitted in September 2014." Said Shenher. "We are very excited about this new direction for CPOW which is very much in keeping with our roots as a value added agricultural processor and manufacturer of nutracuetical and biopharmaceutical essential oil products" said Shenher. The emergence of a legal marihuana industry in North America is worth "tens of billions of dollars," said Mr. Ethan Nadelmann, head of the US based Drug Policy Alliance, reiterating that "if somebody asks me what's going to be the next country to legalize marijuana (sic), my bet is Canada." Shenher added, "Canada leads the world in developing strong protocols for industry and consumer safeguards and Canruderal's application is world class. The extremely talented personnel from Canruderal will be a tremendous addition to Clean Power's management team when we merge the companies and expand operations into the U.S." 

We look forward to sharing more information concerning the merger and corporate restructuring in due course.

About Clean Power Concepts, Inc.
Clean Power Concepts Inc. was founded by Michael Shenher as "Canadian Green Fuels" in 2006 with the goal of producing renewable, high quality, plant oil based products for the industrial and consumer markets around the world. Clean Power Concepts has always been active in finding beneficial new, environmentally responsible, and sustainable energy resources with promising sustainable growth. More recently, the Company has begun development of a slate of health and beauty products featuring hemp oil for both commercial and personal usage through its Spirit of Health division, a wholesale and consumer-facing brand founded in 2010. Spirit of Health is further developing its suite of extremely beneficial essential oils and natural health and beauty supplements for near term consumer market placement. Clean Power Concepts produces the finest and most eco-friendly lubricants, diesel fuel conditioner. For more information, please go to www.cleanpowerconcepts.com.

About Canruderal Inc.
Founded in 2013 by Shaun Howell a real estate developer and entrepreneur. Canruderal has an application before Health Canada for a license to grow 1800 kg of medical marihuana in a level 8-security environment under the newly implemented Canadian MMPR program.

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Contact Information

  • Contact:
    Michael Shenher
    239-234-4377