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Agrios Global Holdings Ltd. Subsidiary Receives Three Permits Including Industrial Hemp Cultivation Permits
Agrios Global Holdings Ltd. Subsidiary Receives Three Permits Including Industrial Hemp Cultivation Permits.
About this update from Agrios Global Holdings Ltd
[{"type":"text","content":"\n\n\n\nAgrios Global Holdings Ltd. Subsidiary Receives Three Permits Including Industrial Hemp Cultivation Permits\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAgrios Global Holdings Ltd. Subsidiary Receives Three Permits Including Industrial Hemp Cultivation Permits\nCanada NewsWire\nVANCOUVER, May 7, 2019\n\n\n\nVANCOUVER, May 7, 2019 /CNW/ - Agrios Global Holdings Ltd. (CSE: AGRO) (OTCQB: AGGHF) (FSE: ØSA - WKN-A2N62K) (\"Agrios\" or the \"Company\") is pleased to announce that Yunnan Hua Ma Biological Development Co. Ltd. (\"HMB\"), a subsidiary of Agrios Asia Holdings Limited (\"Agrios Asia\") has recently obtained an Industrial Hemp Cultivation Permit (the \"Permit\") in Yunnan Province, the People's Republic of China. \nThe Permit, grants HMB rights to cultivate industrial hemp in the region and to transport industrial hemp seeds, hemp raw materials, hemp stalk and their processed products. Yunnan was the first province in China to allow hemp cultivation in 2010 and has since issued licences for hemp cultivation on more than 220,000 mu (36,300+ acres).\nHMB intends to grow 200mu (1mu = 667m2) of Industrial hemp in the 2019 season. A smaller first crop is adequate to continue HMB's development of hemp cultivation and to supply raw materials for current biotechnology research which is focused on utilizing hemp fibers as a bio-degradable alternative for the manufacture of single use disposable utensils. \nBoth Federal and Provincial authorities from Yunnan's capital, Kunming, have also granted HMB an Import & Export Permit allowing for the direct import and export of goods, internationally as allowable by China customs. In addition, a Food Trading Permit, allows HMB to buy and sell pre-packaged and non-packaged food products, including speciality foods, health foods and nutraceuticals, through both retail and wholesale market channels.\nHemp food and feed products are important markets in China as well as in western countries. Hemp seeds with an essential fatty acid content over 80 percent, boast a higher ratio of these \"good fats\" than ...