Vega Biofuels Fielding Offers from Cannabis Related Businesses

NORCROSS, GA / ACCESSWIRE / October 31, 2018 / Vega Biofuels, Inc. (OTC PINK: VGPR) announced today that the Company's management team has been in contact with several private cannabis industry related companies concerning potential mergers and/or acquisitions.

''In an effort to capitalize on the interest surrounding the legal cannabis industry and provide additional value to our shareholders, we are in discussions with a handful of companies related to that industry about potential mergers and/or acquisitions. These are companies that provide services and support to the cannabis industry as well as companies that manage retail cannabis businesses throughout the United States,'' stated Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc. ''We've spent the past few months reorganizing our securities and clearing some of the debt we had on our books to better position the Company for this type of move. There is a lot of consolidation going on in the cannabis industry and from the public side, the trend is moving toward businesses like General Cannabis (CANN) and mCig, Inc. (MCIG) that service that industry rather than companies like The Cronos Group (CRON) or Canopy Growth Corp. (CGC) that actually own the cannabis. We are excited about the new direction and will provide additional information as it becomes available.''

For more information, please visit the Company's website at vegabiofuels.com.

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CONTACT:

Vega Biofuels, Inc.
800-481-0186
info@vegabiofuels.com
vegabiofuels.com
@vegabiofuels

SOURCE: Vega Biofuels, Inc.