Buscar Company Acquires 50% Stake in Terramer, Inc. via Stock Swap, Bolstering Sustainable Innovation with Hemp-Based Bioplastics
Buscar Company (OTC: CGLD) has acquired a 50% stake in Terramer, Inc. through a stock swap transaction. Terramer is known for developing TERBO-1000, a hemp-based bioplastic that biodegrades within 180 days without leaving microplastic residue.
Terramer operates a 350,000 sq. ft. facility capable of producing 300 million pounds annually. The company has secured $6.8 million in purchase orders and over $80 million in LOIs from major household brands. The partnership aims to accelerate TERBO-1000's development and commercialization across packaging, food service, automotive, and construction industries.
The deal structure involves Buscar issuing shares to Terramer stakeholders for the 50% equity position, preserving cash while aligning both companies' interests. This acquisition complements Buscar's portfolio, which has recently benefited from a 70% surge in gold prices affecting its mining assets.
Buscar Company (OTC: CGLD) ha acquisito una partecipazione del 50% in Terramer, Inc. attraverso una transazione di scambio azionario. Terramer ĆØ conosciuta per lo sviluppo di TERBO-1000, un bioplastico a base di canapa che si biodegrada entro 180 giorni senza lasciare residui di microplastica.
Terramer gestisce un impianto di 350.000 piedi quadrati in grado di produrre 300 milioni di libbre all'anno. L'azienda ha assicurato ordini di acquisto per 6,8 milioni di dollari e oltre 80 milioni di dollari in lettere di intenti da importanti marchi di consumo. La partnership mira ad accelerare lo sviluppo e la commercializzazione di TERBO-1000 nei settori del packaging, della ristorazione, dell'automotive e delle costruzioni.
La struttura dell'accordo prevede che Buscar emetta azioni ai soci di Terramer per la posizione di capitale del 50%, preservando liquiditĆ e allineando gli interessi di entrambe le aziende. Questa acquisizione completa il portafoglio di Buscar, che ha recentemente beneficiato di un aumento del 70% dei prezzi dell'oro che ha influenzato i suoi beni minerari.
Buscar Company (OTC: CGLD) ha adquirido una participaciĆ³n del 50% en Terramer, Inc. a travĆ©s de una transacciĆ³n de intercambio de acciones. Terramer es conocida por desarrollar TERBO-1000, un bioplĆ”stico a base de cƔƱamo que se biodegrada en 180 dĆas sin dejar residuos de microplĆ”sticos.
Terramer opera una instalaciĆ³n de 350,000 pies cuadrados capaz de producir 300 millones de libras anualmente. La empresa ha asegurado pedidos de compra por 6.8 millones de dĆ³lares y mĆ”s de 80 millones de dĆ³lares en cartas de intenciĆ³n de importantes marcas de consumo. La asociaciĆ³n tiene como objetivo acelerar el desarrollo y la comercializaciĆ³n de TERBO-1000 en las industrias de empaques, servicios de alimentos, automotriz y construcciĆ³n.
La estructura del acuerdo implica que Buscar emita acciones a los accionistas de Terramer por la posiciĆ³n de capital del 50%, preservando efectivo mientras alinea los intereses de ambas empresas. Esta adquisiciĆ³n complementa el portafolio de Buscar, que recientemente se ha beneficiado de un aumento del 70% en los precios del oro que afecta sus activos mineros.
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Buscar Company (OTC: CGLD) a acquis une participation de 50 % dans Terramer, Inc. par le biais d'une transaction d'Ć©change d'actions. Terramer est connue pour le dĆ©veloppement de TERBO-1000, un bioplastique Ć base de chanvre qui se dĆ©grade en 180 jours sans laisser de rĆ©sidus de microplastiques.
Terramer exploite une installation de 350 000 pieds carrĆ©s capable de produire 300 millions de livres par an. L'entreprise a sĆ©curisĆ© 6,8 millions de dollars de commandes d'achat et plus de 80 millions de dollars en lettres d'intention de grandes marques de consommation. Le partenariat vise Ć accĆ©lĆ©rer le dĆ©veloppement et la commercialisation de TERBO-1000 dans les secteurs de l'emballage, de la restauration, de l'automobile et de la construction.
La structure de l'accord implique que Buscar Ć©mette des actions aux parties prenantes de Terramer pour la position de 50 % en capital, prĆ©servant ainsi des liquiditĆ©s tout en alignant les intĆ©rĆŖts des deux entreprises. Cette acquisition complĆØte le portefeuille de Buscar, qui a rĆ©cemment bĆ©nĆ©ficiĆ© d'une augmentation de 70 % des prix de l'or affectant ses actifs miniers.
Buscar Company (OTC: CGLD) hat eine 50%ige Beteiligung an Terramer, Inc. durch eine Aktien-Tauschtransaktion erworben. Terramer ist bekannt fĆ¼r die Entwicklung von TERBO-1000, einem auf Hanf basierenden Biokunststoff, der innerhalb von 180 Tagen abbaubar ist, ohne Mikroplastik-RĆ¼ckstƤnde zu hinterlassen.
Terramer betreibt eine 350.000 QuadratfuĆ groĆe Anlage, die jƤhrlich 300 Millionen Pfund produzieren kann. Das Unternehmen hat Bestellungen im Wert von 6,8 Millionen Dollar und Ć¼ber 80 Millionen Dollar an LOIs von groĆen Verbrauchermarken gesichert. Die Partnerschaft zielt darauf ab, die Entwicklung und Kommerzialisierung von TERBO-1000 in den Bereichen Verpackung, Gastronomie, Automobil und Bauwesen zu beschleunigen.
Die Struktur des Deals sieht vor, dass Buscar Aktien an die Terramer-AktionƤre fĆ¼r die 50%ige Eigenkapitalposition ausgibt, um Bargeld zu erhalten und die Interessen beider Unternehmen in Einklang zu bringen. Diese Akquisition ergƤnzt das Portfolio von Buscar, das kĆ¼rzlich von einem Anstieg der Goldpreise um 70% profitiert hat, was sich auf seine Bergbauvermƶgenswerte auswirkt.
- Secured $6.8M in purchase orders and $80M in LOIs from major brands
- Large production capacity of 300M pounds annually
- Benefits from 70% surge in gold prices affecting mining assets
- Enters $44B bioplastics market with proprietary technology
- Stock swap structure preserves cash resources
- Share dilution due to stock swap transaction
- Letters of intent ($80M) are non-binding commitments
Terramer, Inc. is the developer of TERBO-1000, a proprietary hemp-based bioplastic that is
Driving Sustainability Through Hemp Innovation
Under this partnership, Buscar and Terramer plan to accelerate the development and commercialization of TERBO-1000, leveraging industrial hemp to produce scalable, compostable plastics for industries including packaging, food service, automotive, and construction. The collaboration aligns with Buscar's vision of integrating sustainable technologiesĀ intoĀ itsĀ portfolioĀ whileĀ capitalizingĀ onĀ theĀ demand forĀ eco-friendlyĀ alternativesĀ to petroleum-based plastics.
"AcquiringĀ aĀ significantĀ stakeĀ inĀ Terramer representsĀ aĀ transformativeĀ milestoneĀ forĀ Buscar," said Alexander Dekhtyar, CEO and Chairman of Buscar Company. "By combining Terramer's groundbreaking bioplastic technology with our financial and operational strengths, we're positioned to lead the charge in eliminating microplastic pollution while delivering value to shareholders and the planet."
A Strategic Stock Swap
The transaction was executed through a stock swap, with Buscar issuing shares to Terramer stakeholders in exchange for a
Future Plans and Market Impact
WithĀ Buscar'sĀ support,Ā Terramer aimsĀ toĀ rampĀ upĀ productionĀ ofĀ TERBO-1000Ā andĀ expandĀ its applications across high-impact sectors. Key initiatives include:
- Scaling production to meet growing demand from B2B clients.
- Enhancing R&D through Terramer's AI-driven Terramer Designer Space to develop custom formulations.
- Exploring carbon credit monetization opportunities tied to TERBO-1000's lifecycle emissions reductions.
"PartneringĀ withĀ BuscarĀ acceleratesĀ ourĀ missionĀ toĀ redefineĀ sustainableĀ materials,"Ā saidĀ Paul LeslieĀ Smith,Ā CEOĀ ofĀ Terramer, Inc. "TheirĀ resourcesĀ andĀ strategicĀ vision willĀ helpĀ usĀ bring TERBO-1000 to a global scale, tackling plastic pollution head-on."
AboutĀ Buscar Company
µž³Ü²õ³¦²¹°łĢż°ä“Ē³¾±č²¹²Ō²āĢż(°æ°Õ°ä:ĢżCGLD)Ā isĀ aĀ diversifiedĀ holding companyĀ focusedĀ onĀ naturalĀ resources and sustainable energy. Its subsidiaries include EON Discovery Inc., which manages gold mining claims in
AboutĀ Terramer, Inc.
Terramer, Inc., is a leader in sustainable materials. It delivers TERBO-1000, a hemp-based bioplasticĀ thatĀ biodegradesĀ inĀ underĀ 180Ā daysĀ withĀ zeroĀ microplasticĀ residue.Ā WithĀ aĀ vertically integrated supply chain of 70+ hemp farmers and a robust client pipeline, Terramer is revolutionizing the bioplastics industry.
Forward-Looking Statements
Statements in this release may constitute "forward-looking statements" within the meaning of theĀ U.S. Private Securities Litigation Reform Act of 1995. All statements other than historical facts are "forward-looking statements." These statements are based on management's current expectations and projections about future events and involve risks and uncertainties that may cause actual results to differ materially. Such risks include market acceptance of TERBO-1000, regulatory challenges, production scalability, and general economic conditions. Buscar Company undertakes no obligation to update these statements unless required by law.
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SOURCE Buscar Company
FAQ
What is the production capacity of Terramer's facility for CGLD's new bioplastic venture?
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What is the biodegradation timeline for CGLD's TERBO-1000 bioplastic?
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