Minerco Inc. (MINE)

Minerco Company Information

Minerco Inc is a life science company that focuses on the research, extraction, production, and distribution of mushroom-based products. It was the first publicly-traded psychedelic company in the world, and its operations are multi-state. 

The brand is also involved in the cultivation, extraction, and production of CBD products. Its product catalog features topicals, edibles, oils, tinctures, white-label products, and many more.

Real estate

Minerco Inc owns a 12-acre piece of land in Jamaica, which they use to grow their cannabis plants. The company has formed a partnership with Lazarus Holistic Ltd to use their licensed hemp facility in the country to conduct its products’ extraction and production. 

The brand intends to acquire several acres of land in Oregon and Vermont, where CBD and related products are legal.         

Production

The company’s operation facilitates the production of capsules and microdose tablets in markets where the products are legal. 

Minerco Inc also provides processing services to cultivators who would like to have their products converted into cannabis by-products like tinctures, edibles, oils, tablets, etc. 

The company recently acquired a pill-filling machine that produces one million micro-dose capsules/tablets daily. 

Blockchain technology in finance tech

Cannabis legal status varies from state to state: in Canada and Jamaica, the plant remains legal for recreational and medicinal use. 

In the United States, various states have their own legal measures relating to cannabis: over 30 states have legalized it for medicinal purposes. Over ten states allow recreational and medicinal use of cannabis. 

That notwithstanding, the plant remains federally legal as it is classified as a Schedule I drug, which leads to cannabis and psilocybin purchasing restrictions from card companies.  

Owing to the difference in legality status, Minerco Inc has established a system that allows individuals to purchase cannabis by integrating blockchain and debit cards in legal markets.

‘SHRU’ allows consumers of psychoactive and psychedelic products to exercise flexibility when selecting their preferred payment option. There is no other application like SHRUCOIN in the market. It provides the same services as big brands like Cash App, Payoneer, and Paypal. 

SHRU holds the advantage of being the company’s own digital currency, just like Litecoin, Bitcoin, and Ethereum. The Minerco management projects that the application will have similar success as other tokens. 

Additionally, the company has taken a humanitarian path with the application by allocating a percentage of each coin’s value to improve children and adults’ living conditions in Africa and the Caribbean. The brand intends to address the housing and water challenges faced in these regions. 

The application is now available on seven blockchain exchanges, and the company projects that it will expand to 12 by the end of March (1st quarter).