Business
Marijuana Company of America and Global Hemp Group Provide Update on New Brunswick Hemp Project
Marijuana Company of America and Global Hemp Group Provide Update on New Brunswick Hemp Project.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\nESCONDIDO, Calif., June 21, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTC:MCOA), an innovative hemp and cannabis corporation, is pleased to provide an update on its New Brunswick Hemp Project with joint venture partner, Global Hemp Group Inc. (CSE:GHG) (OTC:GBHPF) (FRANKFURT:GHG) (the “Partners”).\n The joint venture recently completed the planting of 125 acres of industrial hemp at the New Brunswick Hemp Project location, in the northeast portion of the province of New Brunswick, Canada. The Partners are also pleased to announce that an initial collaborative framework with the New Brunswick Department of Aquaculture, Agriculture and Fisheries (DAAF). The DAAF awarded a grant of $10,750 to the joint venture to support demonstration projects it will undertake during the current cropping season in New Brunswick. This grant will be directed to three areas of collaboration. The first area of collaboration will be to study the impact of the European Corn Borer (ECB) on the hemp plant. From the cultivation trial last year, some hemp stalk damage was noted from the ECB. This study will determine if the ECB causes economically significant damage to the crop and will explore control options with further cooperative efforts. Results from this study could potentially benefit the entire emerging industrial hemp industry in New Brunswick; In the second area of collaboration, the DAAF grant will be used to explore correcting soil acidity utilizing slag lime, an abundant resource in the region, and to subsidize the use of modern drone technology to monitor field conditions at the farms; and, The third area of collaboration involves DAAF Nitrogen Fertility Project on a portion of one of the farms. The rates of Nitrogen fertilizer applied to hemp is being tested as a local follow up to research conducted at McGill University. The Partners look forward to more collaborative efforts with the DAAF in the future. Information gained from these various initiatives will improve the management of the crop and benefit all hemp farmers in the region. Hemp varieties chosen this year typically grow taller than six feet, and when planted at field crop densities, the height of the crop makes it virtually impossible to scout the entire field on foot a...