Inca Worldwide, Inc. (OTCMKTS:QEDN) is a stock that has yet to appear on Street Register, so as we like to do when a new play comes cross our desks, we’ll give a brief synopsis of the business in which the company is involved.
The company’s project offers an alternative to Farmers in Colombia to grow crops like Inca Seeds (Sacha Inchi) instead of Coca Plants. According to TheGuardian.com, “cultivation of the plant used to make cocaine rose 18% last year from 2015, with officials in the Andean nation estimating 188,000 hectares (465,000 acres) of Colombian land now contained coca crops.”
Inca Worldwide, Inc. (OTCMKTS:QEDN)’s ‘Inca Seeds’ (Roasted Sacha Inchi) are a complete protein with all 9-essential amino-acids rich in Omega 3, 6 & 9 and an antioxidant. A real Super-food. Sold to private brands and our own brand Inca Snacks.
The company has taken to the newswires to present two new developments so far in the month of May, and seems to be a fairly regular PR updater in comparison to many of the other companies we profile.
On May 4th, QEDN announced it had signed an agreement with Armonica SAS, a company that has been approved to work with USAID and has already done work for USAID (The United States Agency for International Development).
Armonica will work with both companies Inca Worldwide (QEDN), its subsidiary Green Mine Solutions SAS in Colombia and with Cacique Mining (GEGI) to do all the implementation of our project not only helping our farmers to grow Inca Seeds (Sacha Inchi) but also in our mining projects in Choco, Antioquia and Narino very important states in Colombia for our project.
Kate Bahnsen CEO stated: “This agreement is essential for our project and is a key element to get funding from USAID and to obtain a guarantee from USAID. It solidifies our relationship with the community and puts us in the heart of this national project.” (Source: PR Newswire)
This week, another PR hit wires pertaining to the finalization of a loan with El Banco Agrario to finance the growth and production of 2,300 hectares. The financing secures the relationship with three independent Afro-Colombian farming groups. The total financing is for $13,000,000 USD and the bank has agreed to increase the financing as needed by the company. Kate Bahnsen, stated, ” We now have secured all the financing we need for our company, our farmers, and our manufacturing. The bank will assist us in growing our production. But most importantly will support us as we move closer to approval for USAid.”
The company expects to make announcements shortly with respect to sales channels for whole sales and retail distribution.(Source: PR Newswire)
QEDN is doing something that could not only stand for a business opertunity, but also an opportunity, or a way out, so to speak, for Columbian farmers that wish to cease planting, growing, and harvesting of coca. That is something which has the potential to have a ripple effect here in the states. According to some estimates, up to 90% of the cocaine that ends up on American streets originates from coca grown in Columbia.
As we said, the company routinely provides updates to the investing public, and we’ll be sure to keep an ear out for those for the benefit of our readers. Stay locked to Street Register for updates, and we’ll deliver important developments on QEDN as they unfold. In the meantime, if you have not yet gotten yourself signed up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in QEDN stock, short or long.