RIV Capital (TSX: RIV) (OTC: CNPOF)
, an investment and acquisition company specializing in cannabis, and its portfolio company ZeaKal Inc., have developed PhotoSeed(TM) technology, which is thought to be the first plant trait proven to enhance the oil profile of hemp. The company noted that the technology increases hemp biomass oil output by up to 50% and provides a sustainable way to improve the crop’s value while capturing more carbon. The new technology arrives at an ideal time as the industry is seeing an increase in global demand for plant oils as renewable diesel inputs. According to ZeaKal, PhotoSeed hemp could produce up to 800 pounds of oil per acre, which is nearly triple that of soybeans, the largest oilseed crop in North America. RIV Capital first invested in ZeaKal in June 2019, with the intent that PhotoSeed could be adapted and optimized for use in the hemp and cannabis sectors. The technology is designed to increase the ability of plants to capture carbon and sunlight, and then translate that into additional energy and better nutritional composition. In addition to higher oil production, PhotoSeed may also improve seed composition, result in higher yields and increase levels of cannabinoids. “This new data validates our thesis that PhotoSeed could be transformative for the hemp sector,” said RIV Capital board advisor and senior director of corporate development Mary Dimou in the press release. “We believe that by offering significant composition and sustainability benefits, PhotoSeed has the potential to advance hemp cultivation to a greater level of efficiency, consistency, and sophistication. High-oil PhotoSeed hemp may also be immensely valuable for complementary industries, including renewable diesel and bioplastics.”
To view the full press release, visit https://ibn.fm/kSQ4b
About RIV Capital
RIV Capital is an investment and acquisition company specializing in cannabis with a portfolio of 13 companies across various segments of the cannabis value chain. The company believes that bringing together people, capital and ideas raises the potential of the entire cannabis industry. By leveraging its industry insights, in-house expertise and thesis-driven approach to investing, RIV Capital aims to provide shareholders with exposure to specialized and disruptive cannabis companies. For more information about the company, please visit www.RIVCapital.com
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