British Columbia-based hemp cultivation company Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF) and joint venture partner Marijuana Company of America, Inc. (OTC: MCOA) this morning provided an update on the partner’s CBD hemp farming project in Scio, Oregon. Among other highlights, the companies said that garden operations are ongoing at the farm, the initial nursery and propagation rooms has been expanded to an additional attached greenhouse to produce clones for planting in the current season, and an additional 20,000 high yielding CBD hemp clones are being purchased to meet the early June targeted planting schedule. The companies have also purchased five additional greenhouses to increase greenhouse space by 12,096 sq. ft. and are assessing other greenhouse technologies to expand indoor cultivation space to supplement its perpetual harvest model square footage. Additionally, the companies are presently looking into a field analytics software application to optimize farming operations through data collection and analysis. “The Scio Oregon high yielding CBD hemp project is something that we have been working on putting together most of this year. It’s great to see that the project is now officially underway, and we look forward to sharing pictures and results of the operation as we go forward,” Global Hemp Group president Charlie Larsen stated in the news release.
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About Global Hemp Group Inc.
Global Hemp Group (“GHG”) is a publicly traded company founded in 2014, headquartered in British Columbia, Canada with base operations in Montreal and Los Angeles. The Company is focused on the cultivation of hemp and the extraction of cannabinoids, and collaboration with companies that will enable GHG to develop and implement the Hemp Agro-Industrial Zone (HAIZ) concept. Through partnerships, joint ventures and acquisitions, the Company will capture cash flow, revenues and value, and establish a greater collective valuation. For more information, visit the company’s website at www.GlobalHempGroup.com
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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