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CBD Global Sciences, Inc. is pleased to announce that its 2019 harvest results have significantly exceeded company expectations compared to 2018 and previous harvests. All farms under the control of CBD Global were inspected and tested this year by the Colorado Department of Agriculture and all farms passed with test results well below the .3% requirement for Delta-9-tetrahydrocannabinol (THC). The farms are still hand shucking the harvested material which is located in five different warehouse facilities in the state of Colorado. It is expected that the collective harvest for this year will double in weight from previous years, and with higher potency plants and specialized care achieved during the harvest the Company anticipates the Cannabinoid (CBD) content will be two to three times the amount of previous harvests.
The high-quality, organically grown hemp will be processed through its wholly owned subsidiary, Global Sciences Labs, in Denver. Our proprietary extraction methods will process our hemp from biomass to CBD oil that will be used exclusively in our products for sale in 2019 and 2020.
CBD Global is one of only a few hemp producers that control the entire process – from seed-to-sale. Through this vertical integration, CBD Global is able to capitalize on margin creation while also maintaining strict control of all aspects of quality through the vertical channels.
Global Sciences cultivates its hemp crops outdoors, through its wholly owned subsidiary, Strasburg Farms (https://strasburgpharms.com/), in Strasburg, Colorado. The Company planted 350 acres of hemp in 2019, up from 179 acres in 2018. Our crops are grown with only all-natural Colorado water, soil, sun and nutrients and NEVER sprayed with pesticides or chemicals.
Brad Wyatt, CEO, stated: “Although we have found success in mechanized harvesting techniques, there is still something to be said about the demand for product that is grown organically, and hand harvested from the fields then cured in a climate-controlled environment. Our goal is to increase our market share with this bountiful harvest. This incredible harvest ensures we can continue to produce high-quality CBD oil with control over growing, processing and manufacturing to provide a product that leads the market.”