NetworkNewsBreaks – Marijuana Company of America
Post# of 969
Marijuana Company of America Inc. (OTC: MCOA) and joint venture partner Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) this morning posted an update on their hemp project in northeast New Brunswick. Per the update, the companies recently completed the planting of 125 acres of industrial hemp at the project location and were awarded a grant of $10,750 from the New Brunswick Department of Aquaculture, Agriculture and Fisheries (“DAAF”) to support demonstration projects it will undertake during the current cropping season. The grant will be used to study the impact of the European Corn Borer (“ECB”) on the hemp plant; to explore correcting soil acidity utilizing slag lime, an abundant resource in the region, and toward the use of modern drone technology to monitor field conditions at the farm; and to finance a DAAF Nitrogen Fertility Project on a section of one of the farms. In addition, the partners reported that they have purchased a high capacity hemp dryer for the project, which is anticipated to be delivered to the facility in early August.
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