NetworkNewsBreaks – Marijuana Company of America
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Posted On: 01/10/2018 6:51:27 PM
NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) and Global Hemp Group Announce Results from First Phase of Industrial Hemp Project
Marijuana Company of America, Inc. (OTC: MCOA), alongside Global Hemp Group, Inc. (OTC: GBHPF) (CSE: GHG), this morning released a final report summarizing the first phase of the two companies’ industrial hemp project in New Brunswick, Canada. Per the update, the partners successfully cultivated industrial hemp during the 2017 growing season in an effort to ensure that the plant could be productive under New Brunswick growing conditions. In preparation for proposed changes to Canadian legislation that will permit cannabidiol extraction from industrial hemp, the partners have now turned their attention toward the next season of crops, with a minimum of 125 acres of hemp cultivation planned for 2018. The two companies have set a goal of increasing the acreage under cultivation to 1,000 acres by year three of the project. “We are excited to complete the first phase of industrial hemp trials in Canada, and we look forward to continue expanding operations in Canada,” Donald Steinberg, CEO of MCOA, stated in the news release. “Our joint venture with GHG allows MCOA the opportunity to expand the Company’s operations on an international level. Both Companies are excited about the endless possibilities for hemp derived CBD product this year in Canada.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Marijuana Company of America, Inc. (OTC: MCOA), alongside Global Hemp Group, Inc. (OTC: GBHPF) (CSE: GHG), this morning released a final report summarizing the first phase of the two companies’ industrial hemp project in New Brunswick, Canada. Per the update, the partners successfully cultivated industrial hemp during the 2017 growing season in an effort to ensure that the plant could be productive under New Brunswick growing conditions. In preparation for proposed changes to Canadian legislation that will permit cannabidiol extraction from industrial hemp, the partners have now turned their attention toward the next season of crops, with a minimum of 125 acres of hemp cultivation planned for 2018. The two companies have set a goal of increasing the acreage under cultivation to 1,000 acres by year three of the project. “We are excited to complete the first phase of industrial hemp trials in Canada, and we look forward to continue expanding operations in Canada,” Donald Steinberg, CEO of MCOA, stated in the news release. “Our joint venture with GHG allows MCOA the opportunity to expand the Company’s operations on an international level. Both Companies are excited about the endless possibilities for hemp derived CBD product this year in Canada.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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