#USA #Beverly Hills #Bioplastics #Buscar Company #Terramer

Buscar Company Takes Bold Steps in Sustainable Innovation with Terramer Acquisition

In a landmark move towards sustainable development, Buscar Company (OTC: CGLD), a diversified holding company with a focus on natural resources and renewable energy, has announced its acquisition of a 50% interest in Terramer, Inc. This pioneering firm is at the forefront of developing bioplastics made from hemp, a material known for its eco-friendly properties. This acquisition was executed through a strategic stock swap, allowing for a lucrative yet resource-conserving partnership.

A Game-Changing Acquisition

This strategic partnership is more than just a financial transaction; it marks a significant shift in Buscar's diversification strategy. With the global crisis of plastic pollution escalating, Buscar is marrying its expertise in resource management with innovative technology to create viable solutions. Terramer’s flagship product, TERBO-1000, is a revolutionary hemp-based bioplastic that boasts a complete biodegradability within 180 days and leaves no microplastic residue. This aligns perfectly with current environmental demands and offers a promising alternative to conventional petroleum-based plastics.

Terramer has established a robust production framework with a 350,000 square foot facility, aiming to produce 300 million pounds of bioplastics annually. Already in the pipeline are purchase orders worth $6.8 million and letters of intent amounting to over $80 million from prominent household brands, signaling a scalable market potential.

Advancing Sustainability with Innovative Technology

Under the collaboration, both companies plan to fast-track the commercialization of TERBO-1000, aiming to tap into various high-demand sectors such as packaging, food services, automotive, and construction. As the need for sustainable options grows, Buscar's involvement is crucial for Teramer to enhance its production capabilities while focusing on expanding its applications. This partnership enables both firms to rally together in the fight against plastic waste while reinforcing their positions in high-growth markets.

Alexander Dekhtyar, the CEO and Chairman of Buscar Company, emphasized the transformative nature of this acquisition. He stated, "Acquiring a significant stake in Terramer represents a transformative milestone for Buscar. By leveraging Terramer’s groundbreaking bioplastics technology, we not only enhance our portfolio but also contribute to addressing microplastic pollution."

Structure of the Deal

The acquisition took place via a stock swap transaction that saw Buscar issuing shares to Terramer stakeholders in exchange for equity. This method not only preserves capital but aligns both companies for a shared future focused on long-term growth. Additionally, with the recent surge in gold prices boosting the value of Buscar's mining assets, this acquisition further enriches their holdings and diversifies their investment portfolio.

Looking Ahead: Future Initiatives

With Buscar's backing, Terramer is poised to escalate production of TERBO-1000 while also venturing into innovative development strategies. Some planned initiatives include:

• - Scaling Production: Increasing output to meet the growing demands from business clients.
• - Enhanced Research & Development: Utilizing AI-driven technologies to customize formulations and improve product offerings.
• - Carbon Credit Exploration: Investigating ways to monetize carbon credits linked to the lifecycle emissions reductions achieved with TERBO-1000.

Paul Leslie Smith, the CEO of Terramer, expressed excitement over the partnership, underscoring its importance in accelerating their mission to innovate within sustainable materials. "Partnering with Buscar accelerates our mission to redefine sustainable materials. Their resources and strategic vision will help us bring TERBO-1000 to a global scale, tackling plastic pollution head-on," he stated.

About the Companies

Buscar Company (OTC CGLD) is committed to sustainable growth through targeted investments in high-growth industries. Its subsidiaries include EON Discovery Inc., which manages gold mining claims in California, alongside the new partnership with Terramer.

Terramer, Inc. leads in sustainable materials development, delivering bioplastics that significantly reduce environmental impact. With a robust supply chain that includes over 70 hemp farmers and a solid client pipeline, Terramer is setting a formidable precedent in the bioplastics sector.

Conclusion

As industries worldwide embrace eco-friendly transformations, the partnership between Buscar and Terramer positions both companies as leaders in sustainable practices. Their combined efforts not only promise to yield financial benefits but also herald a positive impact on our planet’s future, steering the market toward a greener outlook.