Ready for
2019?....Hemp Yeah!: New Hemp Harvest and Extraction Agreements for 2019 and
Beyond; (NASDAQ: $TLRY) (CSE: $EVA.C) (OTCQB: $EVAHF) (CSE: $SOL.C) (TSX:
$VFF.TO)
Point Roberts WA,
Delta, BC – March 12, 2019 - Investorideas.com, a leading investor news resource covering
hemp and cannabis stocks releases a snapshot looking at the new extraction and
cultivation agreements in the works in preparation for the burgeoning hemp/CBD
industry.
Hemp and CBD
continues to be the buzz words of 2019 and this means companies in the sector
are working diligently to reach cultivation and extraction agreements capable
of keeping up with the expected market demand.
Read this in full at https://www.investorideas.com/news/2019/cannabis/03122Hemp-Stocks.asp
At the start of the
month, Tilray, Inc. (NASDAQ: TLRY) reported the closing of a
previously announced definitive agreement in which Tilray had acquired all of
the issued and outstanding securities of FHF Holdings Ltd. from Compass Group
Diversified Holdings, LLC and other shareholders of Manitoba Harvest. Tilray
acquired Manitoba Harvest on a cash and debt-free basis, for an aggregate
maximum purchase price of C$419 million, pending the achievement of certain
milestones after the closing of the Transaction.
Manitoba Harvest is
the world’s largest hemp food manufacturer and a leader in the natural foods
industry. It produces, manufactures, markets and distributes a broad-based
portfolio of hemp-based consumer products which are sold in over 16,000 stores
at major retailers across the US and Canada. Manitoba Harvest has plans to
launch a line of CBD containing Broad Spectrum Hemp Extracts as well as a
line-up of Hemp Yeah! wellness bars this summer.
Larger companies like
Tilray, Aurora and Canopy Growth aren’t the only ones targeting this market, as EVITRADE Health Systems Corp. (CSE: EVA) (OTCQB: EVAHF) recently announced that the Company's
subsidiary, Western Agri Supply Solutions Corp. has entered into a joint
venture with Belt Energy and Biomass, a Nevada hemp focused operator.
Belt Energy and
Biomass is focused on the accumulation of relationships with farm bill
compliant hemp producers and processors in the United States. Recently, BEB
applied to the State for a Hemp Handlers License to receive and extract hemp
for resale. The Hemp Handlers Certificate enables BEB the authority to buy and
process industrial hemp in the state of Nevada.
The acquisition of
the Hemp Handlers License in Nevada would be the start of the commercial hemp
processing strategy for Nevada. With BEB as partners, the Company will have
source and processing elements of its CBD strategy completed. This is an
opportunity to supply Farm Bill compliant hemp based products for the
burgeoning market in the state of Nevada.
SOL Global
Investments Corp. (CSE: SOL) (OTCQB: SOLCF) had similar news announcing it signed a binding
letter of intent to acquire three tracts of agricultural property totaling 568
acres of land in the States of Tennessee and Kentucky for the cultivation and
production of raw hemp biomass. The Company will assign the agricultural
property to its hemp/CBD-focused subsidiary, Heavenly Rx Ltd. The properties
will be directly managed by Heavenly portfolio company Blühen Botanicals LLC,
an industry-leading hemp biomass processing and extraction company headquartered
in Knoxville, Tennessee.
Heavenly will acquire
a total of 420 acres of agricultural property in McMinn County, Tennessee, and
148 acres of agricultural property in Whitley County, Kentucky. The properties
were specifically selected in areas prized for their temperate climates and
ideal environmental conditions for both greenhouse and outdoor growing. Blühen
will manage the farms pursuant to a farm management agreement to ensure that
the highest quality standards are met while also maintaining EuGMP
certification protocols.
Village Farms
International, Inc. (TSX:VFF) (NASDAQ: VFF) is following the
trend, having announced that it has entered
into an agreement with Nature Crisp, LLC to form a joint venture for the
outdoor cultivation of high-cannabidiol (CBD) hemp and CBD extraction in
multiple states throughout the US. The
joint venture, Village Fields Hemp, will be 65% owned by Village Farms and 35%
owned by Nature Crisp. Nature Crisp is a
private, Georgia-based farming operation and part of the Jennings Agricultural Group
of Companies, which grows a diverse range of food and other crops, including
hemp, on more than 6,000 acres in the US and Canada.
Village Fields is in
the process of determining locations in which it will initially establish its
hemp cultivation and CBD-extraction operations, with a target to commence field
cultivation of hemp in Spring 2019 and to have 500 to 1,000 acres in production
during 2019. Village Fields also plans
to have extraction capabilities in place by the end of 2019 to enable it to
begin supplying CBD oil on a wholesale basis while it commences production of
branded CBD products for "big box" retailers in 2020.
If the industry, as
well as the social “hype” around hemp/CBD is any indicator, this will be a big
year for the sector, which means one hemp
of a harvest will be required for any company looking to excel in this
space.
For investors
following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX
Marijuana/Hemp Stocks
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