GreenGro Technologies Begins Work On 50-Acre Industrial Hemp Farm
Since his appointment to the company was announced last November, CBD Ventures’ CEO Tom Schaefer has been diligently working to relocate the company’s industrial hemp registrations to a larger property. Schaefer considered expansion to be of paramount importance to the CBD Venture’s long term success goals. The 50-acre property located in Hemet is controlled by Elixir Botanicals LLC and there is an opportunity for the venture to expand by another 60 acres.
The project will focus on developing and cultivating proprietary strains of industrial hemp with dominant concentrations of the cannabinoid CBG. GreenGro’s COO James Haas has begun negotiations to bring a 10,000 pound per day Chieftain Hemp Extraction System to the property.
GreenGro’s new arrangement with Elixir Botanicals is the culmination of a year’s long diligence period between the two companies. Elixir’s Manager Andres Martinez and his partner Luis Calderon have been working over that time with Haas trying to orchestrate the perfect mutually beneficial arrangement for the two companies. The 50-acre property has been the site of a previously successful industrial hemp harvest managed by Calderon. But both companies saw the opportunity to improve upon their respective past successes with a joint operation.
GreenGro will share harvest revenues with Elixir while maintaining project management control over the property with an eye toward a future leap into Industrial Hemp Organic Certification. Organna’s initial analysis of the property will help determine a course for pivoting the property to Organic Certification. At that point, certification compliance partner Southern Grown may be introduced to the project’s scope. GreenGro’s subdivision CBD Ventures has already initiated transfer of the company’s industrial hemp registrations to the new property. The Riverside County Agricultural Commissioner’s Office and the California Department of Food & Agriculture (CDFA) will give final approval.
GreenGro Technologies, Inc. is a vertically-integrated provider of eco-friendly technological solutions to the green industries. The company is a trusted partner to the cultivation, extraction, production and retail aspects of the green market through a combination of three operating divisions: CBD Ventures, Cannabis Ventures and GenoBreeding. For additional information about GreenGro Technologies and its solutions, visit www.greengrotech.com.