Exactus Inc (OTCMKTS:EXDI), which farms and manufactures hemp-derived cannabidiol (CBD) products, announced on Tuesday that it has launched its genetics division to supply farmers with US Department of Agriculture (USDA) compliant feminized CBD and cannabigerol (CBG) hemp seeds.
The Florida-based company said it is “proud” to expand its product portfolio to become a “reliable source for farmers,” while continuing to provide the industry with hemp-derived CBD, CBG, cannabinol (CBN), cannabichromene (CBC), and other specialty cannabinoids.
The new genetics division is inspired by the company’s over 20 years of agricultural experience. “We are equipped to advise farmers, helping them determine which genetics in the Exactus seed catalog will be superior for each region and farming methodology,” Exactus said in a statement.
The launch comes just a week after the US Department of Agriculture signed off on Florida’s hemp plan in time for 2020 applications. The approval gives the state’s agriculture industry a lucrative new alternative crop for years to come, according to the company.
Exactus said it is expecting “a first to market” demand as farmers get ready to plant their first hemp crop in Florida, and is “eager” to become a “trustworthy source of feminized CBD and CBG hemp seeds.” Florida’s climate will allow for year-round hemp cultivation and the timing is “ideal” for launching the genetics division in the Sunshine State, it added.
“In an effort to further develop our company offering, and through our farming partnerships we are able to provide farmers with a trustworthy source of CBD and CBG hemp genetics,” Derek Du Chesne, chief growth officer for Exactus said in a statement.
“We wanted to create a division that focuses on helping farmers produce this resourceful crop and provide access to consistent and compliant hemp bred specifically for high cannabinoid and terpene profiles,” he added.
According to the company, Exactus interim CEO Emiliano Aloi was a part of the 2016 hemp genetics selection program with the University of Kentucky. The management team has extensive experience in hemp farming and has successfully harvested over 200 acres at Exactus One World’s farms in Southwest Oregon. It has partnered with some of the “best breeders in the industry” to supply genetics from proprietary seeds, the company pointed out.
Exactus said it is now providing the industry with certified feminized seeds that “deliver farmers confidence” that the genetics going into their soil is vetted for quality and will yield a “healthy and compliant” crop.
“When a company is purchasing raw materials, they have the advantage of testing those materials, while farmers risk losing an entire crop so it's important that they get their genetics from a dependable source,” Exactus said, while adding that it is now providing farmers ‘certified feminized seeds’ that have ‘successfully’ been farmed in the past.
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