The field portion of this first-year trial is now complete, with
results from laboratory analysis of CBD concentrations of the
flowers and leaves expected within the next two to four weeks. For
this initial growing season:
- two farmers were contracted in northeast New Brunswick to
participate in the trial
- three varieties of hemp were grown on Test Plot 1 (CFX1, CFX2
& CRS1)
- two varieties of hemp were on Test Plot 2 (CFX1 & CFX2)
- three planting densities were utilized (15, 30 & 50
kg/ha)
- straw yields ranged from 1.10 to 2.47 tons/ha
- flower production ranged from 0.79 to 1.69 tons/ha
These results confirm what was seen from casual observation.
This year's yields are somewhat lower than expected, due to the
late planting and incomplete field preparation (both which will be
rectified for the 2018 cultivation), and lack of rainfall in the
spring. In 2018, taller varieties of hemp will be grown to increase
straw yields and flowers. For the 2017 trial, the CRS1 outperformed
the other varieties in straw production, and CFX2 produced the best
flower yields. These results are indicative of the performance of
varieties under largely unfavourable conditions.
Future Plans
Farming - As the
future focus of the project will be on flower and straw production,
other varieties with higher straw and similar flower yields will be
selected for next year. MCOA and GHG are currently evaluating a
number of varieties for the coming year.
Next year's production will focus on five experienced farmers
cultivating a total of 125 acres. MCOA and GHG have also recruited
an agronomist to provide agronomic support to the farmers.
Interaction with the farmers will be essential in finding solutions
to practical problems that will inevitably arise. To maximize the
visibility of the hemp farming experience in the region, farmers
were selected across the northeast region of NB.
Industrial site selection
- Bathurst appears to be the logical central point to
process the straw and flowers coming from as far as Campbellton (75
km to the west) and from Miramichi (75 km to the southeast). The
area comprises close to 40,000 acres, mostly in field crops, making
hemp an excellent alternative.
There are many industrial sites currently available in the
Bathurst region since the closing of the paper mill and mines in
the area. The city of Bathurst identified a number such sites in
and around its industrial zone that Management recently visited.
The mayor of Bathurst and his team were very supportive in the
effort to bring processing/job creation to the region. Other sites
outside the Bathurst city limits were also explored as possible
processing locations.
Research and training
- Bathurst is also the site of a very dynamic college,
the Collège Communautaire du Nouveau Brunswick (CCNB), with its
innovation center designed to support innovation in industry. The
project has already benefited from its laboratory capacity in
analyzing this year's hemp samples. The centre is expected to be
helpful in addressing some of the technical issues associated with
crop production and processing, and training.
Selection of industrial
processes.
MCOA and GHG plan to focus on the processing of the flowers for
cannabinoid extraction as legislation permits, and the straw for
fibre and hurd products. Discussions regarding the engagement of
key technological partners is continuing. Once finalized, they will
be included in the next version of the project overview that will
be submitted to Opportunities New Brunswick in the coming
months.
About Global Hemp Group Inc.
Global Hemp Group ("GHG") is a publicly traded company founded in
2012, headquartered in British Columbia, Canada with base
operations in Montreal and Southern California. The Company is
focused on the production and processing of hemp and cannabis, and
collaboration with companies that will enable GHG to develop and
implement the Hemp Agro-Industrial Zone concept. Through
partnerships, joint ventures and acquisitions, the Company will
capture cash flow, revenues and value, and establish a greater
collective valuation.
About Marijuana Company of America, Inc.
MCOA is a corporation engaged in business including, but not
limited to: (1) product research and development of legal
hemp-based consumer products containing CBD 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.
Forward Looking
Statements
This news release contains "forward-looking statements" which are
not purely historical and may include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
development, costs and results of new business opportunities and
words such as "anticipate", "seek", intend", "believe", "estimate",
"expect", "project", "plan", or similar phrases may be deemed
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results could
differ from those projected in any forward-looking statements due
to numerous factors. Such factors include, among others, the
inherent uncertainties associated with new projects, the future
U.S. and global economies, the impact of competition, and the
Company's reliance on existing regulations regarding the use and
development of cannabis-based products. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that any beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
any such beliefs, plans, expectations or intentions will prove to
be accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-12G, our quarterly reports
on Form 10-Q and other periodic reports filed from time-to-time
with the Securities and Exchange Commission. For more information,
please visit www.sec.gov.
For more information, please visit the Company's websites
at:
MarijuanaCompanyofAmerica.com
hempSMART.com
agoracom.com/ir/MarijuanaCompanyofAmerica