Industry reports show that in the U.S. more smaller farmers are getting into the hemp cultivation business, while larger established companies are expanding their acreage and using clones and seeds with better genetic properties, for better output. The industry is growing both in size and in technological/biological efficiencies and there are lessons yet to be learned in this rapidly growing cultivation market. One recent article said: “Growers can plant feminized seeds — which are bred to maximize flower production — start plants in a greenhouse before transplanting them to the field, or use clones. Approaches vary in cost and labor requirements. (An industry source) said clones produce the most stable field results but are the most expensive option… Genetic purity and strength are critical, said (another industry source). Genetics should be selected based on heartiness for a region, market demand and overall crop viability, he said “There is not any reason to do anything without correct genetics,” he said. “I can’t stress that enough, because there were many farmers in Oregon last year who were not able to participate in sales this year because they did not buy the right seed.” Active Companies from around the market with current developments this week include: Marijuana Company of America, Inc. (OTCQB:MCOA), Kona Gold Solutions, Inc. (OTCPK: KGKG), Cresco Labs Inc. (CSE: CL.CN) (OTCQX: CRLBF), Hemp Inc. (OTCPK: HEMP), American Premium Water Corporation (OTCPK: HIPH).
via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, along with joint venture partner Global Hemp Group (CSE: GHG/ OTC: GBHPF/ FRA: GHG), are pleased to announce the start of its commercial planting at its hemp farm in Scio, Oregon.
via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTC: MCOA), an innovative hemp and cannabis corporation, and its Joint Venture partner Global Hemp Group (CSE: GHG/ OTC: GBHPF/ FRA: GHG) (together with the Company, the “Partners”) are pleased to announce that they are currently in negotiations with several cannabinoid extraction companies in Oregon, USA, regarding the acquisition of the joint venture’s hemp biomass produced at the Scio farm from the 2018 harvest. The team at the Scio farm has prepared processing samples ranging in size from 100 lbs to 2,000 lbs. for the extraction companies. The biomass is being processed into CBD crude oil with the option to refine it further into isolate, or full spectrum oil, in order to increase its value on the market. Results from the current extraction test batches are expected to be received by mid-April and will serve as a basis for the final terms of the sale of the biomass by the Partners.
via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTC: MCOA), an innovative hemp and cannabis corporation, and its Joint Venture partner Global Hemp Group Inc. (CSE: GHG/ OTC: GBHPF/ FRA: GHG) are pleased to announce that clone production for the 2019 season at their Scio, Oregon High Yielding CBD Hemp project is now in high gear, in preparation for an “as early as possible” planting this year. Unlike 2018, which had a late start to planting due to delays in finalizing the acquisition of the project’s 109 acre farm, preparations are underway so that planting of this year’s crop can begin in late May to early June. This will provide an additional 45 to 60 days of growing time compared to last year, allowing time for the hemp plants to get considerably larger, which will generate a greater quantity of biomass.
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