Pervasip and KRTL International Receive Exclusive Approval to Participate in $40 Million Korean Hemp Regulation Group Project

·5 min read
Pervasip Corp.
Pervasip Corp.

SEATTLE, WASHINGTON, June 28, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTC: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, and Artizen Corp. (“Artizen”) today announced that it and Dr. Kyeung-Il Park, the Head of Department of Horticulture & Life Science in Yeungnam University, in partnership with KRTL International Corp., a wholly owned subsidiary of KRTL Holding Group Inc. (OTC: QENC) (“KRTL”), have received approval to be acting as the exclusive expert groups providing services and support for the development of  the indoor smart growing section of the Korean Hemp development project.

Pervasip is pleased to announce that it, and Dr. Kyeung-Il Park, a KRTL Biotech Inc. team member, have received an agreement by the Hemp Regulation Free Special Zone Project Promotion Team in Kyeongbuk Institute for Bio Industry, a local public enterprise, (http://gib.re.kr/about/major/major2), and both KRTL International Corp., and Artizen Corporation have been hired by Dr. Kyeung-il Park to act as exclusive consulting groups to provide services and support for the development of indoor smart growing, one of three core strategic areas of interest in development for the Korean CBD industry regulations sector.

Korea has committed $40 million to assist in the development of this emerging industry. They are funding various greenhouse trials, research, policy development and testing efforts.

“We are excited about the opportunity to work with KRTL on this project. It allows us to become trusted partners in what will become a true center of excellence for developing CBD/Hemp opportunities throughout Asia,” says German Burtscher, the company’s President & CEO. “We look at this as another step in supporting our development of market disrupting wellness products and distribution.”

KRTL International Corp’s CEO Kai Kim has developed a potent network of government institutions, universities, research labs, companies, and individual experts in his work on developing CBD related efforts in S. Korea over the past 6 years.

Pervasip Corporation
Pervasip Corp., a developer of companies and technologies in high value emerging markets, owns Artizen Corporation and its subsidiary, Zen Asset Management LLC, a diversified asset management company founded to acquire, develop, and support companies and technologies in the cannabis industry. ZAM’s existing clients operate four licensed cannabis cultivation and one processing facility in Washington. Most of the biomass produced by these independent cultivators has been sold historically under the Artizen™ brand, including all-time top selling products in flower in Washington state. Additional information on Artizen-branded products is available online at www.artizencannabis.com. Pervasip additionally owns 5% of KRTL Biotech, Inc., a developer of biotechnologies with a focus on pharmaceutical applications of cannabinol and psilocybin. Additional information on KRTL is available online at www.krtlbiotech.com. Additional information on Pervasip can be found at www.pervasip.net.

Forward-Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as may, would, could, will, likely, except, anticipate, believe, intend, plan, forecast, project, estimate, outlook, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the objectives and business plans of the Company; ability to realize benefits from its recent corporate appointments; ability to retain its key personnel; the intention to grow the Company’s business and operations; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company. Forward-looking information is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; and the Company’s ability to secure financing on reasonable terms. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s periodic disclosure statements. Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.

For further information, please contact:
T:         206-590-2408, Ex
E:         info@pervasip.net


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