Last $0.0090 USD
Change Today 0.00 / 0.00%
Volume 4.4M
VMGI On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

verde media group (VMGI) Snapshot

Open
$0.0095
Previous Close
$0.0090
Day High
$0.01
Day Low
$0.0090
52 Week High
05/16/13 - $0.02
52 Week Low
01/21/14 - $0.0003
Market Cap
754.9K
Average Volume 10 Days
6.6M
EPS TTM
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Shares Outstanding
83.9M
EX-Date
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verde media group (VMGI) Details

Verde Media Group, Inc. operates a managed media financing company with production, distribution, and development functions. The company develops projects in film, television, and corporate media; and manages multi-media, public relations, and marketing functions for corporate clients. It also operates Beyondrace.com that focuses on artists, music, film, fashion, and art in various forms. The company is based in Los Angeles, California.

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verde media group (VMGI) Key Developments

Verde Media Group, Inc. and its Biotech Division Secure Overseas Contract in Asia

Verde Media Group, Inc. and its Biotech Division ('VMBD') announced they have secured an overseas contract in Asia to produce high value omega-3 oils using its proprietary microbial technology. The contract is between Butazyme LLC, wholly owned subsidiary of VMBD, and Phoenix Energy ('PXE') in Asia and will be jointly developed to commercial scale. Butazyme will receive a sum of $500,000.00 payment for technology transfer and 10% royalty as licensing fees per annum. Butazyme has initially conducted technical feasibility for Asia project via Biothane, a subsidiary of Veolia Water Solutions & Technologies, in the US. The project will involve scaling the technology to 20,000 liters in phase-I followed by 200,000 liter scale up in phase-II. PXE has committed financing for Butazyme technology scale-up and 300 tons per day of feedstock that can be converted to 1,000 tons per annum of Omega-3 oils. The commercial production will generate revenues upward of $30 million per annum with the local feedstock secured for 25 years.

Verde Media Group Inc. to Establish Novel Microbial Technology to Produce Highly Specific and Purified Marijuana Oils

Verde Media Group Inc. through its Verde Media Biotechnology Division announced the addition of cutting edge microbial technology program to produce cannabis-based phytocannabinoids products, including delta-9 tetrahydrocannabinol and cannabidiol. The VMBD team will use the tool of metabolic engineering to transfer cannabis genetic pathways in microbes representing an alternative route to produce cannabinoids at an affordable and scalable manner. The wide spread use of cannabis based medicines in diseases such as multiple sclerosis, chronic pain and many others requires large scale production of cannabinoids. VMBD and its novel approach will complement traditional greenhouse based production of plant material for rapid commercialization of active and derivative chemicals for both medical and recreational use. Furthermore, microbial based cannabinoids are uniform and specific in composition which is critical in medicinal usage and overcomes diverse pharmacological activities otherwise associated with different varieties or strains of plant materials.

Verde Media Group Inc. Announces Formation of the Verde Media Biotechnology Division; Appoints Syed Hussain Abidi as Chief Executive Officer for VMBD Division

Verde Media Group Inc. has announced the formation of the Verde Media Biotechnology Division ('VMBD'). The VMBD division will undertake the business of developing and producing high value bio-products from renewable biomass. The focus and criterion is to develop proprietary technologies with low risk of scale-up utilizing low cost feedstock. After successful production at demonstration scale such technologies and products will be licensed and sold to third parties globally. VMBD will initially focus on two high value products with an over-lapping technology platform. First is the high density microbial production of Omega-3 oil. The market for eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) Omega-3 products measured by global consumer spending on EPA/DHA fortified products was $25.4 billion in 2011 for the six following categories: infant formula; fortified foods and beverages; nutritional supplements; pharmaceuticals; clinical nutrition; and pet food, treats and supplements. The projected market value of EPA/DHA Omega-3 products will reach $34.7 billion in 2016 with a continued accelerated growth rate over the next 5 years. The technology division will develop platform technologies for extracting highly purified forms of cannabis-based phytocannabinoids products, including D9 tetrahydrocannabinol (THC) and cannabidiol (CBD). VMBD will develop the derivative and ester forms of THC for increase potency and their use in different delivery systems, including sublingual, inhaled dosage forms and blending with food products. The initial core team consists of experienced scientists and financial experts. Dr. Syed Hussain Abidi, Ph.D, will lead the VMBD division as the Chief Executive Officer. Dr. Abidi has worked in the chemical engineering school at MIT and Harvard University and brings 10 years of experience in organism development and fermentation.

 

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