Hemptown USA Sets Sights on Novel Cannabinoid CBG as Legalized Hemp Farming Revs Up

The U.S. hemp-derived cannabinoid industry is projected to hit $22 billion by 2022 The company recently announced a $17.2 million capital raise to fund its expansion plans across the country from its Oregon base Hemptown has acquired and is in the process of planting one million cannabigerol (CBG) seeds, which will represent a significant portion of the total U.S. CBG crop for 2019

On May 14, Hemptown USA announced that it had raised $17.2 million (C$23.3 million) to fund its expansion plans (http://nnw.fm/j6OGl). A privately held company headquartered in Southern Oregon’s Emerald Triangle, the company is leveraging its experience as a grower of broad-spectrum hemp biomass to scale up its production capacity in three states as favorable laws are finalized.

A big part of Hemptown USA’s strategy includes the farming of novel cannabinoid strains in addition to cannabidiol (CBD). Recently, the company acquired and is now in the process of…

Read More>>

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

39 killed as bus falls into deep gorge in northern India

Jun 24, 2019

NEW DELHI — A bus fell into a deep gorge along a sharp curve on a mountainous road in northern India, killing 39 people, police said Friday. Twenty-one people with injuries were hospitalized in Kullu, a town in Himachal Pradesh state, police officer Amar Singh said. Singh said 25 people died at the scene of the crash Thursday and another 14 people succumbed to injuries overnight in the hospital. The cause of the accident was being investigated, Shalini Agnihotri, another state police officer, said. The bus plunged down a 500-meter (1,600-foot) gorge, she said. Around 150,000 people die every year...

Iran Revolutionary Guard shoots down US drone amid tensions

Jun 24, 2019

TEHRAN, Iran — Iran's Revolutionary Guard shot down a U.S. drone on Thursday amid heightened tensions between Tehran and Washington over the collapsing nuclear deal with world powers, American and Iranian officials said, though they disputed the circumstances of the incident. The Guard said it shot down the RQ-4 Global Hawk drone over Iranian airspace, while the U.S. said the downing happened over international airspace in the Strait of Hormuz. The different accounts could not be immediately reconciled. Later, the U.S. military's Central Command released a statement calling the downing an "unprovoked attack." Previously, the U.S. military alleged that Iran...

India's west coast hunkers down as Cyclone Vayu approaches

Jun 24, 2019

VERAVAL, India — Authorities evacuated nearly 300,000 people from India's western coastline ahead of a very severe cyclone that's expected to make landfall on Thursday as the year's second major storm. The India Meteorological Department says Cyclone Vayu, named after the Hindi word for wind, could possibly just scrape by the western state of Gujarat instead of hitting it head on in the afternoon before returning to sea. In Veraval, a hub of India's fishing industry where Vayu was expected to make landfall, heavy wind and rain battered the beaches. Fishing boats were splintered by huge waves crashing onto shore....

Cyclone Vayu poised to hit India as year's 2nd major storm

Jun 24, 2019

NEW DELHI — Indian authorities evacuated tens of thousands of people on Wednesday as a severe cyclone in the Arabian Sea approached the western state of Gujarat, lashing the coast with high winds and heavy rainfall. Cyclone Vayu, named after the Hindi word for wind, was poised to glance the Gujarat coast Thursday afternoon as India's second major storm of the season. Winds gusting up to 180 kilometers (112 miles) per hour were forecast and a storm surge up to 2 meters (6.5 feet) above astronomical tides, which would inundate low-lying areas, according to the India Meteorological Department. K. Sathi...

Cyclone Vayu poised to hit India as year's 2nd major storm

Jun 24, 2019

NEW DELHI — Indian authorities evacuated tens of thousands of people on Wednesday as a severe cyclone in the Arabian Sea approached the western state of Gujarat, lashing the coast with high winds and heavy rainfall. Cyclone Vayu, named after the Hindi word for wind, was poised to hit the Gujarat coast early Thursday as India's second major storm of the season. Winds gusting up to 170 kilometers (106 miles) per hour were forecast and a storm surge up to 2 meters (6.5 feet) above astronomical tides, which would inundate low-lying areas, according to the India Meteorological Department. K. Sathi...

Search
Broaden News

Sign up now!

Recent Discovery will take you to the captivating developments in science, technology, and the universe around us. We deliver to you the latest news, theories, and developments in the world of science.

Contact us: sales[at]recentdiscovery.com