Isodiol To Acquire California Hemp Farm Farmtiva

CANADA:  Isodiol International Inc., a global CBD innovator specializing in the development of pharmaceutical and health and wellness products, has announced that it has entered into a binding agreement to acquire 51% of Farmtiva, a cultivator of hemp with operations in California that provides hemp farming and distribution support for farmers and other industry participants.

Farmtiva has an exclusive partnership agreement with the not-for-profit group, Imperial Valley Conservation Research Center, and together they anticipate planting the first California hemp crop within the next three weeks. This project will be a first in California for hemp legally grown under the Agricultural Act of 2014 § 7606 (“2014 Farm Bill”) in California.  As an “established agricultural research institution,” under Food and Agricultural Code (FAC) Section 81000, the project is exempt from registration and may currently grow industrial hemp in California.

California defines the rules under which hemp may be grown in Division 24 of the California Food and Agricultural Code. However, California has yet to establish a mechanism by which a farmer may grow industrial hemp pursuant to local registrations that have not yet been established. Therefore, Farmtiva and Isodiol believe they are the first group to cultivate legally grown hemp in California for more than only fiber and oil seeds.

Hemp Pioneer and Farmtiva CEO, Chris Boucher said, “This partnership enables us to operate an industrial hemp research and grow operation on the grounds of the former U.S. Department of Agriculture research facility, creating new jobs and investments in the community.” The facility consists of 160 acres, with 140 acres divided into small research plots that are leased to clients including Farmtiva. In addition to the research plots, the center houses five greenhouses and a soil testing laboratory.

This is a historical moment in California hemp history, as Boucher grew a hemp crop at the same facility in 1994 when it was operated with the USDA. “We have waited over 24 years for the laws to change and now we are very excited to move California’s agriculture hemp future forward, said Boucher.”

“Farmtiva is committed to the research and development of industrial hemp, and with the IVCRC partnership, the goal is to develop a complete industrial hemp business model whereby commercialization opportunities will be implemented to ensure use of all of the hemp by-products after CBD extraction is completed, said CEO of Isodiol, Marcos Agramont

Under the terms of this agreement, Isodiol will issue Farmtiva $1,050,000 USD in stock based on the closing price April 30th, 2018, subject to 36-month escrow guidelines, and based on Farmtiva implementing the contract rights set forth in the outstanding memorandum of understanding with IVCRC.

 

Americas Largest Hemp Processing Facility & Milling Operation Nearing Completion

NEVADA: An industrial hemp decortication facility, spearheaded by Hemp, Inc. wholly-owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), is in the final stages of completion. “Industrial hemp is reclaiming its rightful place in America as demand for this environmentally friendly natural fiber continues to increase due to the economic benefits. Hemp, Inc. is strategically positioned at the forefront of this industry. We are definitely ahead of the curve in being able to process industrial hemp and manufacture products made from hemp,” said David Schmitt, COO of IHM.

According to Schmitt, the hemp processing plant which will have assembled the industry-leading hemp processing machinery is expected to be officially completed soon with a skilled team of employees on deck. “This morning, we are positioning the milling machinery in its permanent location so that it can be secured into place. We also have meetings at the end of this week with the air handler manufacturer to ascertain when we can expect the machinery on-site. Once the air handler and dust collector are on-site, we’re looking to hire specialized contractors to assist with securing all of the equipment in place, which should save us over 3 to 4 weeks in time. While I can’t say the exact date of when the air handler and dust collector will be onsite, once it is here, my best guestimate would be 3 weeks for us to have both mills operational.”

Once the milling machinery is operational, Hemp, Inc. will be able to produce their Lost Circulation Materials (LCMs) and other oil absorbent products. “Our 70,000 square foot commercial industrial hemp processing facility and milling operation, on 9 acres makes Hemp, Inc. the largest industrial hemp processor and manufacturer in America and with the addition of our milling facility to produce other hemp-based products, we have strategically expanded our worldwide industrial base,” said Bruce Perlowin, CEO of Hemp, Inc..

Now that the amended hemp bill has been signed into law in North Carolina, home to Hemp, Inc.’s industrial hemp processing facility, the North Carolina Hemp Commission now has the power to write the rules and approve them. Shareholders can expect lucrative business opportunities for Hemp, Inc. In the Spring of 2017, the company is looking to possibly grow and harvest a very large hemp crop on up to 50,000 acres which can all be processed at Hemp, Inc.’s industrial hemp processing facility.

“As mentioned in our press release yesterday, we expect Congress to remove industrial hemp from the Federal Controlled Substances Act very soon, which would declassify it as a Schedule 1 drug because it’s not. Hemp is a plant from the cannabis family like marijuana but possesses a very low THC content and you cannot get high by smoking it. Hemp is not marijuana and it has a plethora of uses,” said Perlowin.