PALM BEACH, Florida: A recent article in CannabizDaily, an industry newsletter, focused on the reasons hemp biomass, although not a ‘sexy’ label… can be the source of significant revenues in the ever-expanding industry.
It said It turns out that hemp not only gives us medical and recreational cannabis products, but it also gives us bio-fuel. According to research, hemp can be one of the bio-fuels of the future. Recent developments related to hemp production have shown that hemp can be used as an additive to food products like breads, pasta, milk, and cake mixes. But it doesn’t stop there. Hemp has also been found to be a good source of fuel. Hemp is regarded valuable to the energy sector because its by-products can provide alternative fuels. Hemp specifically falls under a fuel classification that is called biomass. Biomass is a term for the organic matter that can be converted into and used as fuel, and is thus considered as a potential renewable energy source. The article continued Australian hemp advocate Klara Marosszeky said that growing hemp is a great sustainable alternative for small farmers. Not to mention that it is also great for the environment. According to her, biomass produced by hemp is equivalent to the same area of forest per year, but it is produced in a four-month growth period. Active Companies from around the market with current developments this week include Marijuana Company of America, Inc. (OTCMCOA), PotNetwork Holdings, Inc. (OTCPOTN), Cannabis Science, Inc. (OTC CBIS), Aurora Cannabis Inc. (NYSE ACB) (TSX ACB), HEXO Corp. (NYSE HEXO) (TSX HEXO).
According to Marosszeky , Hemp biomass is processed into fuel through biological digestion or chemical decomposition. The waste from hemp cannabis plant is taken and is transformed into a carbon nanomaterial. This carbon nanomaterial can be used as substitute for the more expensive graphene, which is a nanomaterial that is used in high-power super capacitors and batteries. Super capacitors are used in the fast-charging batteries for electronics like laptops, smartphones, and vehicle braking systems.
Marijuana Company of America, Inc. (OTCQBMCOA) BREAKING NEWS Marijuana Company of America, an innovative hemp and cannabis corporation, and its Joint Venture partner Global Hemp Group (CSE GHG/ OTC GBHPF/ FRA GHG) (together with the Company, the Partners) are pleased to announce that they are currently in negotiations with several cannabinoid extraction companies in Oregon, USA, regarding the acquisition of the joint venture’s hemp biomass produced at the Scio farm from the 2018 harvest. The team at the Scio farm has prepared processing samples ranging in size from 100 lbs to 2,000 lbs. for the extraction companies. The biomass is being processed into CBD crude oil with the option to refine it further into isolate, or full spectrum oil, in order to increase its value on the market. Results from the current extraction test batches are expected to be received by mid-April and will serve as a basis for the final terms of the sale of the biomass by the Partners.
Cloning Update – The cloning process is well underway at the Scio farm. For this year’s cultivation, four different strains have been chosen from the latest high CBD industrial hemp varieties, which are being used as a base for the in-house propagation program. The goal of the program is to produce approximately 50,000 clones to populate the lower 35 acres of the Scio farm for the 2019 season, and reduce and/or eliminate the need for the acquisition of any additional seeds or clones from outside sources. The program started with 400 high quality plants. Through a regimen of proper nutrients and a controlled environment, these mother plants will grow into very large bushes, which will be used to derive a sufficient number of clones, ensuring that the target number of plants required for this year’s cultivation is reached. Once removed from the mother plants, the clones will then be placed in a propagation greenhouse to root. Once rooted and well established, the clones will then be ready to be planted in the fields, which is expected to begin this year in late May or early June.
Expansion in 2019 – The Company continues to evaluate a number of opportunities to expand the scope of its project in Oregon. As previously announced, a number of local farmers are interested in working with the joint venture partners to grow hemp in 2019. The Oregon Department of Agriculture expects hemp cultivation in Oregon to grow from 11,514 acres in 2018 to more than 25,000 in this current year. In order for new hemp farmers to be successful, they will need to rely on experienced hemp farming teams like our Scio farm team. This will create potential opportunity to joint venture with the local farming community.
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