Village Farms International Inc (OTCMKTS:VFFIF) is focusing on hemp-derived products following the signing of Hemp Farm Act 2018 into law on December 20, 2018, into law.
Hemp-derived products out of the purview of restricted substances category
The enacted US hemp farm bill 2018 removed the hemp and hemp derived products from the list of restricted category. The products removed from the controlled substances act include hemp products: cannabinoids, derivatives, and extracts.
Consumers Prefer CBD Products
Many consumers prefer the CBD products to enjoy wellness and health benefits. The market for hemp CBD worldwide will reach US$22 billion in the year 2022. CEO of Village Farms, Michael DeGiglio said the company intends to capitalize on the burgeoning demand for hemp derived products following the legalization of hemp.
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
on today, Village Farms is ready to fully utilize its US-based greenhouse
facilities and expertize in growing high-value crops cost-effectively to
capitalize on the growing demand for CBD and hemp. The company has put in
considerable efforts over the past few months anticipating the legalization of
hemp and hemp derived products and quickly move on with its plans to meet the
Village Farms will strictly adhere to the applicable state laws concerning CBD and hemp. Following the signing of Hemp Farm Act 2018 into law, the company will use a portion of the West Texas-based 5.7 million sq. Ft. greenhouse operations for hemp and CBD cultivation.
Village Farms will also enter into accords and collaborations to develop hemp strains for the treatment of specific ailments, diseases, and conditions. It will put in considerable efforts to understand the wellness and health benefits of individual strains.
Health Canada PMA Approves PMV-01
The Pest Management Regulatory Agency of Health Canada approved the innovative crop protectant PMV-01, which can be used to safeguard the greenhouse tomatoes. Village Farms played a vital role in getting the PMV-01 approved to improve the self-defense mechanism of the plants against viral infections. The US Environmental Protection Agency has approved PMV-01 in early 2018.
Village Farms has 30 years experience in the design and development of greenhouse. It played a vital role in improving cultivation techniques for quality yield.
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
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