AQUENTIUM, INC. (OTCMKTS:AQNM) Files An 8-K Completion of Acquisition or Disposition of Assets
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
FORMATION OF WHOLLY OWNED SUBSIDAIRY
On March 1, 2017, Aquentium, Inc. board of directors approved the
formation of a wholly owned subsidiary for the manufacturing of
mineral spring bottled water infused with cannabidiol CBD.
Hemp-based CBDs have been developed as both supplements (e.g.
oils and pills) and consumer products. Aquentium is in the
process of developing its own proprietary CBD-infused bottled
water product. This product targets the multi-billion dollar
bottled water industry with an innovative new product that has
potential health benefits.
Demand for hemp-based products is growing rapidly alongside the
expanding market for health food and personal care
products.Science shows that hemp has many health benefits as it
is high in omega fatty acids, complete protein, fiber, magnesium,
zinc, iron and other important nutrients. Hemps use as a
superfood ingredient is expected to rise across a wide array of
health food categories.
Some of North Americas largest retailers including Costco,
Superstore and Walmart carry a variety of hemp products. The Hemp
Industries Association estimates that the total annual retail
sales of hemp food and body care products is approximately US$200
million in the United States and US$20 million to US$40 million
Emerging CBD Industry
Tetrahydrocannabinol (THC) may be the most popular part of the
cannabis plant for its psychoactive properties, but cannabidiol
(CBD) has become the focus of a growing number of clinical
studies. According toProjectCBD, there are over 50 medical
conditions where CBD has shown some promise in treating the
underlying problems or alleviating symptoms, while many large
pharmaceutical companies are engaging in new studies.
The legal hemp-based CBD market is projected to reach between
$2.1 billion by 2020, according toHemp Business Journal. Unlike
psychoactive THC, the Industrial Hemp Farming Act of 2015
excluded hemp from the Drug Enforcement Administrations
controlled substances list, which effectively legalized
hemp-derived CBDs. Many other countries around the world have
similarly permitted the importation of hemp-based CBD products.
About AQUENTIUM, INC. (OTCMKTS:AQNM)
Aquentium, Inc. designs, engineers and manufactures technology, equipment and services to its customers. The Company provides sanitation and water treatment equipment for the healthcare, hotel, restaurant, education, and food or beverage processing industries. Its technologies and services include ozone air and water purification, food safety sanitation and disinfection equipment, solar energy, real estate development and construction, building materials manufacturing-structural insulated panels (SIPs) and re-deployable emergency housing. The Aquentium SIP building system includes oriented strand board (OSB) laminated to an expanded polystyrene (EPS) insulation core; installation instructions and installation guide, and option to receive site advisory service to assist in installation. It offers support services to assist in the customers’ projects, which include SIP panel design services and professional engineering services. AQUENTIUM, INC. (OTCMKTS:AQNM) Recent Trading Information
AQUENTIUM, INC. (OTCMKTS:AQNM) closed its last trading session up +0.0244 at 0.0290 with 281,805 shares trading hands.