BlueOcean NutraSciences Inc. provides Corporate Update
November 27, 2017 (Source) — BlueOcean NutraSciences Inc. (TSXV: BOC) (“BlueOcean” or the “Company”) is pleased to provide a corporate update to its activities.
Mr. John Archibald reports that the Company continues with its shrimp oil business sale, as disclosed in its press release dated October 17, 2017, process. Management is working with a number of interested parties who, at minimum, have expressed interest in BOC’s shrimp-oil tax shield and related-product inventory and trademarks.
On fundamental CO2 Irrigation business developments, we are moving ahead with four legal cannabis growers and one indoor tobacco grower to do grow trials over the next 2-4 months. These trial results will clarify what value our dissolved CO2 irrigation has on yield and quality benefits versus CO2 gassing.
For spring 2018, we have reached out to a number of US outdoor cannabis growers and potato growers in the US Midwest and south Alberta that mostly irrigate their crops where dissolved CO2 water should more effectively increase yield.
BlueOcean NutraSciences Inc. is a Canadian public listed company (TSXV:BOC) whose mission is to develop effective, innovative and sustainable products from Natural Sources, to improve the lives of its customers. This includes naturally accelerating plant growth. BlueOcean’s first specialty ingredient is its patent protected shrimp oil which is the base for its current three consumer brands. Shrimp oil is made from sustainably managed North Atlantic cold water shrimp shells (the by-product of the cooked and peeled shrimp process) which contains phospholipid bound omega-3 fatty acids and over 40 times more natural astaxanthin compared to krill oil ingredients.
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Shrimp oil’s unique nutritional properties enables the ingredient to make numerous health claims across a wide range of markets, including the $4Bn omega-3 heart health market, the $9Bn joint health market and the $10Bn sports supplement market. BlueOcean markets its shrimp oil ingredient through a number of consumer brands that are formulated to target these specific markets.
BlueOcean currently markets its shrimp oil under three consumer brands: Pure Polar(R) Omega-3 Shrimp Oil, Joint AXTM and Sport AXTM. Products may be purchased online at purepolarlabs.com
Its CO2 gas infusion technology is being commercialized by applying the dissolved CO2 water to plant leaves via foliar spray as a novel means to provide CO2 more efficiently to greenhouse and outdoor plants. Applying dissolved CO2 to plants by foliar spray can potentially save a greenhouse up to 60% of its CO2 gassing costs which are currently wasted, and accelerate plant growth further for higher yields.
Global markets for using dissolved CO2 irrigation are 1) the $8 Trillion/y food market of which $340 Billion/y is from Greenhouses and 2) $50B/y by 2022 for legal cannabis. The Company filed for a USPTO Patent that is the first of its kind for applying dissolved CO2 to plants via foliar spray/irrigation. No other patent has been issued for applying CO2 to plants by foliar spray.
This news release may contain forward-looking statements that are based on BlueOcean’s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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