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Discovery Joint Venture Prepares for Upcoming Industrial Hemp License
Discovery Joint Venture Prepares for Upcoming Industrial Hemp License.
About this update from Discovery Minerals Ltd.
[{"type":"text","content":"\n\n\n\nDiscovery Joint Venture Prepares for Upcoming Industrial Hemp License\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\nDiscovery Joint Venture Prepares for Upcoming Industrial Hemp License\nPR Newswire\nMARINA DEL REY, Calif., June 11, 2014\n\n\n\n\n \n \n \n \n\n\n\n\n\nMARINA DEL REY, Calif., June 11, 2014 /PRNewswire/ -- Discovery Minerals LTD. (OTC PINK: DSCR)  (PINKSHEETS: DSCR) is pleased to announce that the joint venture project, AB AGRO TECHNOLOGIES INC. (Herein \"AB AGRO\"), has been advised by Health Canada that all of the necessary application requirements have been met and that its application for a license (application number A0068) to cultivate Industrial Hemp is expected to be processed this week.  \n\nIn light of this news, AB AGRO has secured a supply of pedigreed Hemp seed from an accredited Health Canada seed provider in the Province of Manitoba.  The CRS-1 cultivar, or variety, has been chosen for the inaugural growing season.  AB AGRO has been advised by the Company's agricultural consultants that the 160 acres being licensed will require a seeding rate of 23 lbs per acre for a total of approximately 3,700 lbs of Hemp seed.  The typical seeding rate can commonly range from 20-40 lbs per acre depending on a wide array of variables. \n\nThe CRS-1 variety was chosen specifically for its high yielding, early maturity and medium height properties along with its exemption from mandatory THC testing analysis in the Province of Alberta. AB AGRO believes that these particular attributes will provide an abundant amount of harvested grain (seed for consumption), fiber and straw.  The fiber and straw will be used as the cellulose bio-mass supply for the forthcoming ethanol fermentation pilot project with Syngar Technologies Inc. \n\nCurrently, Discovery and the new CPA firm are diligently completing the most recent quarterly financial statements and anticipate them to be filed shortly.  The delay has predominantly been attributed to the preparation for the upcoming audit and the transition in CPA firms.  In th...