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22nd Century Group Inc (NYSEMKT:XXII) Associates With The UVA

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22nd Century Group Inc (NYSEMKT:XXII) reported that together with the UVA, it has introduced a project aimed at using innovative types of industrial hemp to clean up and recover abandoned mine properties and other polluted areas. These lands will be brought back to cultivation and productive use via a cost-effective, plant-based procedure termed as “phytoremediation.”

The details

22nd Century has advanced proprietary hemp crops that are predominantly well-suited for utilization in phytoremediation. These crops showcase fast growth rates and are extremely efficient at absorbing metals, toxins and other soil contaminants. Similar types of hemp showed extremely effective in assisting to remediate the area after the nuclear accidents at Ukraine, Chernobyl and Fukushima, Japan. Besides removing pollution, hemp’s deep tap roots modify soil structure, freshen the soil, and add organic matter into the soil profile.

This summer, researchers team at UVA and its partner, UVA at Wise, will commence testing industrial hemp varieties advanced by the 22nd Century and UVA association to improve soils in Virginia. As there are over 30,000 sites that need soil remediation in the U.S. alone, phytoremediation is anticipated to become a considerable area of business for company. UVA and 22nd Century will assess other applications of their phytoremediation hemp crops in Virginia, including the manufacturing of oils, fiber and other high value offerings, thus establishing lucrative secondary markets for company.

Based at the UVA-Wise site, this landmark assignment goes beyond conventional hemp remediation uses because 22nd Century and UVA are engaging their combined biotech expertise to manufacture enhanced proprietary hemp types that are specifically intended for soil remediation.

Such powerful and novel proprietary crops promise to become a key tool in farmland decontamination measures around the world. The phytoremediation-optimized types of industrial hemp will pave way for lucrative and new revenue markets for company. 22nd Century management is enthusiastic about the opportunity of applying their biotechnology expertise to a complex environmental problem.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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