Green Point Research Launches Farmers First Initiative in Florida
Green Point Research continues its rollout of the Farmers First Initiative and is partnering with Watershed Farms as they begin to grow hemp.
Watershed Farms was launched earlier this year by Charles Fields III, his brother Scott Fields and Dustin Lower, in anticipation of Senate Bill 1020 that was recently signed by Governor DeSantis. It is a 200-acre site with 150 of those to be planted with Green Point’s hemp cultivars.
“Hemp can help Florida farmers who are struggling, those which are doing well but want to add a new revenue stream, or in the case of Watershed Farms, an entirely new farm start hoping to capitalize on the hemp market opportunity,” said David Hasenauer, CEO of Green Point Research.
Green Point Research will provide hemp seeds to Watershed Farms with a promise to buy back the product for an agreed-upon price. Green Point Research will then utilize their extraction and material science methods to produce high-quality crude oil, full-spectrum distillates, broad-spectrum distillates, isolates and terpenes, to be sold to other businesses that incorporate thee into consumer products.
“Our state’s farmers are some of the most innovative in the world, and this exciting new crop will allow us to expand our industry as a whole and ensure the revitalization of farming in Florida,” said Dustin Lowe.
Through the Farmers First Initiative, Green Point Research aims to help farmers, their families and the communities they live in to not only survive but thrive. By establishing a network of farms throughout the state, it will enable local economies to grow through industrial hemp farming, processing and sales of downstream commodities.
