Legacy Technology Holdings Inc
7295 West 62nd Ave, Arvada CO 80003 Ph 720-427-8938
Overview of Legacy Technology Holdings Inc (LTHO: OTC)
Legacy Technology Holdings (LTHO: OTC) Company is a Colorado-based investment holding company investing in hemp and hemp-related products and technologies. The Company’s mission is to participate in the resurgence of hemp as a high value, multi-use product, and to exploit superior opportunities to create shareholder value.
Operations are focused through wholly owned subsidiaries and contractual relationships with hemp industry partners:
LTHO has over the past two years done business in the nutraceutical area with the retail side of OptiChoice products. However, with the 2018 farm bill that legalized Hemp in all 50 states the real growth potential now is in the development of the Hemp products.
LTHO has extensive senior management experience in public companies; James R. Clark, CEO, has over 18 years in the management of several public entities along with extensive experience in manufacturing and technology.
How LTHO looks at the market and company integration.
LTHO believes that quality control will be the most important element of the Hemp health industry for the foreseeable future, and will create company-owned growth, manufacturing and marketing entities with control over the complete supply chain. LTHO is on track to develop the highest quality farm to market natural and safe hemp related products.
LTHO Corporate structure
Legacy Technology Holdings Inc (LTHO: OTC) is an OTC publicly traded company. That will be acquiring an Extraction Company that will focus on providing the extraction of the hemp from the bio-mass and then providing extracts for our retail company as well as extracts and distillates that other wholesale customers may request.
As well Legacy would have a Retail Hemp and Health company: This company would provide several retail products direct to the retail market as well as custom products to the wholesale market.
Overview of the Hemp industry
Hemp and marijuana are two different varieties of Cannabis sativa L., a flowering herb indigenous to many parts of the world. Hemp is different from marijuana in that it contains little, if any of the psychoactive ingredient, THC.
According to the Hemp Industries Association, retail sales of all hemp-based products in the Unites States is estimated at $500 million per year. Because commercial production of hemp was illegal in the U.S., American until the farm bill was signed into law by President Trump in December of 2018 companies are largely dependent on imports to purchase ingredients for use in further processing, and/or finished hemp-related products. The HIA and other industry experts anticipate now with changes in federal law permitting commercial farming in the U.S. to commence great opportunities are available to companies that are willing to move in this area quickly.
Industrial hemp was once a dominant crop in America, where it was refined for various industrial applications, including paper, textiles, and cordage. The first hemp plantings were in Jamestown, Virginia, where growing hemp was mandatory. From then on, hemp was used in everything from 19th century clipper ship sails, to the covers of pioneer wagons. The Declaration of Independence was drafted on hemp paper, and even the finest Bible paper today remains hemp-based. Over time, the use of industrial hemp has evolved into a wide variety of products, including health foods, organic body care, clothing, construction materials, biofuels, plastic composites and more (according to one source, more than 25,000 products can be made from hemp). One of the most valuable hemp products is cannabidiol (“CBD”), a medicinal compound found in hemp that shows great promise for treatment of epilepsy, cancer, pain relief, and many other health conditions. CBD oil is produced from bio-extraction of hemp and sold as a commodity in the global marketplace. CBD research is one of the fastest growing segments in the global pharmaceutical industry today.
Not only can hemp be used for an astonishing number of products, its net environmental benefit is impressive. Among the more salient features, hemp grows in a variety of climates and soil types, is naturally resistant to most pests, and grows very tightly spaced allowing it to outcompete most weeds. A natural substitute for cotton and wood fiber, hemp can also be pulped using fewer chemicals than wood because of its low lignin content. Its natural brightness can obviate the need to use chlorine bleach.
To maximize production of hemp fiber and/or seed, plants are encouraged to grow taller in height. Cultivated plants become a tall stalky crop that usually reaches between 6 and 15 feet, and generally consist of a single main stalk with few leaves and branches.
Hemp plants grown for fiber or oilseed are planted densely (about 35-50 plants per square foot) to discourage branching and flowering. The period of seeding to harvest ranges from 70 to 140 days, depending on the
purpose, cultivar or variety, and climatic conditions. The stalk and seed are the harvested product. The stalk of the plant provides two types of fibers: the outer portion of the stem contains the “bast” fibers (fibrous material from the phloem of a plant, used as fiber in matting, cord, etc), and the interior or core fiber (or “hurds”). (Definition of hurds. : the coarse parts of flax or hemp that adhere to the fiber after it is separated. — called also hards.)
Industrial hemp production statistics for Canada indicate that one acre of hemp yields an average of about 700 pounds of grain, which can be pressed into about 50 gallons of oil and 530 pounds of meal. That same acre will also produce an average of 5,300 pounds of straw, which can be transformed into about 1,300 pounds of fiber.
Currently, there is strong demand for hemp seeds in the U.S. for planting hemp research farms. Dozens of American companies are pursuing the production of seeds harvested from pilot farms under research permits with the goal of developing new optimal strains in anticipation of legislative changes allowing commercial farming in the U.S.
Recent trends have created an explosion of investor interest in hemp-focused companies;
- Passage of the 2014 Agricultural Act (the “Farm Bill”) removed hemp from the Controlled Substances Act, allowing it to be legally grown for research purposes.
- Now with the December 2018 farm bill signed and the Law, legalize commercial hemp farming is here, transforming an untapped sector of US agriculture, and spawning thousands of new businesses.
- Big Pharma and other companies are investing millions in R&D to develop new drugs and therapies using cannabidiol (“CBD”), a medicinal compound found in hemp that shows great promise for treatment of epilepsy, cancer, pain relief, and many other health conditions. CBD research is one of the fastest growing segments in the global pharmaceutical industry today.
Hemp Group Holdings, Inc. has been formed to exploit these converging trends by making strategic investments in industrial hemp research and hemp-derived products. The Company’s philosophy is founded on the premise that hemp is one of the most useful natural resources on the planet and should be utilized to its fullest potential. The Company’s mission to create and own intellectual property, and to participate in niche opportunities such as hemp textiles, building materials, consumable goods, nutritional supplements and medicinal compounds to drive shareholder value.
Legacy Technology Holdings (LTHO) Company’s Hemp extraction company
The extraction of CBD oil from hemp bio-mass is a fast-growing business that offers many opportunities currently. This will be set up to provide the full processing of the bio-mass from the farm to ready oils and other ingredients for the retail marketing companies.
This would include CBD crude oil, Hemp fibers and distillates.
We are looking at setting up in the near term the following facilities and services.
•Low Rate to High Rate Production capabilities: Ethanol (Large Batch) & CO2 Supercritical/Subcritical extraction (Small Batch).
•Test Lab: In-House Gas Chromatograph & High-Performance Liquid Chromatography
•Potency & Pesticide Testing Services
•Sales & Marketing: Utilizing establish Wholesale & Retail Markets across the USA
These products are essential for a number of products and applications.
Examples of Medical and Wellness Product Applications:
- Pharma Grade Medicinal
- Non-THC Oils
- Roll-On Sticks
List of some of the uses for different components of Hemp
The earning potential for the extraction business is great at this time because of the need and growth of the industry produces good margins for the extraction company.
Hemp products retailer
LTHO is in the process of buying a finished product manufacture of hemp products that also has a direct retail presence.
Management team of LTHO
Chief Executive Officer – James R. Clark
Mr. Clark has been CEO for several public companies for the past 18 years. This includes the supervision of SEC compliance and capital acquisition.
Mr. Clark has a strong technical and management experience and have been in the Information Technologies and Nutritional health industry for over 37 years with Technology companies such as Lucent Technologies and IBM. Mr. Clark has also worked with Health and nutrition companies such as Shaklee and Opti-Choice. Mr. Clark is a seasoned operationally-oriented executive with experience as senior management of Internet and Computer Technology companies and marketing for the Health and Nutrition Industry.
He has also had extensive experience in working with people in customer support and sales. He has had experience in starting companies with new technology and bringing them to market. He has a proven record of success managing multiple software platforms, networking and communications equipment from a number of vendors. He has also had experience and success in explaining technical concepts to non-technical people including management, while being a stickler for details.
Mr. Clark has a BA in Business Admin and Computer Technology and he is a MicroSoft Certified Systems Engineer.
Management of product Marketing and Sales
- Experience in establishing Markets and Sales teams
- Experience in development of new products and establishing marketing of the products
- Experience in setting up new companies including financial structure for public and private companies
- Extensive Networking and Computer experience including
- Microsoft Certified Systems Engineer with vast experience in supporting networks
- Experience in the design, operation and support of the networks including setting up the standards of our network and documentation
- Managed networks comprised of multiple servers, with hundreds of domains and web pages
- Experience supporting and setup MicroSoft Domain Servers and Linux servers
- Extensive travel experience, domestic and internationally (Lived 4 years in Australia)
- Extensive experience explaining technical concepts to non-technical people including management, while being a stickler for detail. An extremely fast learner with the ability to become a subject matter expert very quickly.
CFO – Anthony J Panasuk
Anthony J Panasuk recently joined Walker Lane Exploration as its Comptroller/CFO supporting the oil and gas company in its accounting, finance and tax planning aspects of the business. After working for 25 years as a CPA in the tax, accounting, and budgeting fields in both the private and public business sectors, Tony knows that a business does not stand alone by its financial numbers but how those financial numbers are used to form the best productive and strategic decisions in moving a company forward successfully by advising top management on the options that are available. Tony has founded several successful companies to include merchant processing and industrial hemp related, worked as a Revenue Agent with the IRS (Tulsa, OK) and auditor with the Department of Interior Office of Inspector General (Lakewood, CO), in addition to having a CPA firm that specialized in taxes and finances for major league baseball players (1986 – 2010). In the securities area, Tony has worked as a Series 7 Registered Representative with three brokerage firms. Tony received his CPA license from the state of Colorado in 1986 (#10132-expired) and was licensed as a Series 7 and Series 63 Registered Representative. Tony is retired as a Major in the Colorado Army National Guard with advanced branches in the Signal and Transportation Corps. Tony holds a B.A. degree in Accounting from Minnesota State University – Moorhead (MN)- 1975.
Legal Counsel – Michael Littman
Mr. Michael Littman has over 40 years of experience in business law, including securities law and SEC compliance, mergers and acquisitions, incorporations, and much more. Mr. Littman started his career as House Counsel for Chicago Title Insurance Co. from 1973 until 1975, when he opened his private practice in Colorado. Beginning in 1981, his practice was increasingly concentrated in corporate and securities law. In the last 20 years, the vast bulk of his practice has been corporate and securities law.
His experience includes federal and state registered IPO’s, SEC and State enforcement representation, and Mergers and Acquisitions of public companies. Mr. Littman is currently representing six reporting companies and has recently represented many companies (foreign and domestic) regarding accounting, audit and disclosure issues through SEC comment letters on company filings. Mr. Littman has extensive experience in advising startup and operating companies in audit preparation and management and Board of Directors issues involving accounting treatment and disclosures.
Mr. Littman has helped obtain trading status for over 65 public companies and drafted an average of 5-6 Private Placement Memoranda per year for over 20 years. Mr. Littman was also a real estate broker in Colorado from 1978-1985 and has represented real estate developers and participated in development himself.
CFO – Anthony J PanasukAnthony J Panasuk recently joined Walker Lane Exploration as its Comptroller/CFO supporting the oil and gas company in its accounting, finance and tax planning aspects of the business. After working for 25 years as a CPA in the tax, accounting, and budgeting fields in both the private and public business sectors, Tony knows that a business does not stand alone by its financial numbers but how those financial numbers are used to form the best productive and strategic decisions in moving a company forward successfully by advising top management on the options that are available. Tony has founded several successful companies to include merchant processing and industrial hemp related, worked as a Revenue Agent with the IRS (Tulsa, OK) and auditor with the Department of Interior Office of Inspector General (Lakewood, CO), in addition to having a CPA firm that specialized in taxes and finances for major league baseball players (1986 – 2010). In the securities area, Tony has worked as a Series 7 Registered Representative with three brokerage firms. Tony received his CPA license from the state of Colorado in 1986 (#10132-expired) and was licensed as a Series 7 and Series 63 Registered Representative. Tony is retired as a Major in the Colorado Army National Guard with advanced branches in the Signal and Transportation Corps. Tony holds a B.A. degree in Accounting from Minnesota State University – Moorhead (MN)- 1975.