PHOENIX, ARIZONA—(Disclosure & News Service – August 8, 2017) – PetroSun, Inc (OTC PINK: PSUD) announced today that the Company is providing the following profile of TorusMed, LLC, a recently acquired asset from the Torus TechWorks transaction highlighted in a press release dated July 13, 2017.
The primary focus of TorusMed is the acceptance of industrial hemp as an agricultural commodity in the United States and its commercial use for the production of bioplastics, biofuels, biochar and medical CBD research.
The U.S. domestic retail market approximates $600 million for industrial hemp derived products on an annual basis, mainly imported from China and Canada. These products include foods and beverages, cosmetics and personal hygiene products, nutritional supplements, fabrics and textiles, yarns and spun fibers, paper, construction and insulation materials, and other manufactured goods.
TorusMed is currently involved in completing a university-led research agreement for implementation of an agricultural pilot program designed to enhance optimum growth in Arizona, industrial hemp seed selection, harvesting techniques, marketing and the identification of new product opportunities.