Investment Firm Acquires Minerco, Announces Launch of Psilicybin, "Magic Mushroom" Business Model

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Company Headquarters to Be Relocated to the Island Nation of Jamaica

Kingston, Jamaica--(Newsfile Corp. - January 16, 2020) - Minerco, Inc. (OTC Pink: MINE) ("Minerco" or the "Company") announced today that the Company has been acquired by a specialized investment firm. The Company plans to immediately enter into the psilocybin "Magic Mushrooms" market, targeting the multibillion-dollar space in the research and development of potential psychiatric medicines, while relocating the Company's headquarters to Jamaica.

Mushrooms InterNational Enterprises or MINE, is positioned to become the world's first publicly traded company in the business of developing, marketing and distributing psilocybin mushrooms, also known as magic mushrooms or psychedelic mushrooms.

The Company anticipates relocating its corporate offices to Jamaica, where the country does not have any laws labeling magic mushrooms as illicit drugs. In fact, Jamaica is at the forefront in furthering research into the healing powers of magic mushrooms and how they can be safely applied towards medicinal purposes. This, following the launch of the world's first magic mushroom research center, located at the University of the West Indies in Mona, Jamaica.

"With this acquisition, we look forward to research, growing and production of our psilocybin "magic mushroom". Our goal is to find the most effective strategies in producing and extracting the psilocybin from within the mushrooms," stated Julius Jenge, Chief Executive Officer of Minerco, Inc.

About Minerco, Inc. (OTC Pink: MINE)

Minerco, Inc. (OTC Pink: MINE), which was acquired by psilocybin research and investment firm Mushrooms International Enterprises, is emerging as the world's first publicly traded company focused on the research, production and distribution of psilocybin mushrooms.

Minerco, Inc. Forward-Looking Statements

This press release contains statements that the Company believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the investment offerings and the terms thereof, are forward-looking statements. When used in this press release, words such as we "expect", "intend", "plan", "estimate", "anticipate", "believe", "should", or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information:

Minerco, Inc.
Investor Relations
844-565-5665

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51524

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).