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Upper Street Marketing Completes First 1,200-Acre Hemp Cultivation, $200 Million Harvest Projected
San Diego, California--(Newsfile Corp. - June 18, 2019) - Upper Street Marketing Inc. (OTC PIN...
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[{"type":"text","content":"Upper Street Marketing Completes First 1,200-Acre Hemp Cultivation, $200 Million Harvest ProjectedSan Diego, California--(Newsfile Corp. - June 18, 2019) - Upper Street Marketing Inc. (OTC PINK: UPPR) has fully planted its first hemp crop on 1,200 acres of Colorado farmland and is now less than 16 weeks from being able to start processing the biomass into high-grade cannabidiol (CBD) isolates and distillates.Pictures of our planting are available at our website, that is www.upperstreetmarketing.com.\"As we ramp up to solve the global CBD deficit, the weather and an expert cultivation team were on our side,\" said UPPR Chief Executive Officer, Joseph Earle. \"Now all we need to do is let Nature translate that effort into a CBD-rich harvest ready for our extraction facilities.\"Hemp plants generally require 16 weeks before the flowers are ripe enough to develop oil-bearing seeds. At that point, the mature biomass is ready for harvest, separation and processing.Getting the crop in the ground now puts UPPR on track to meet its extraction start date in late September or early October. Since the company owns a 100,000 square-foot facility in Center, Colorado as well as leases a 12,000 square-foot laboratory in San Diego, California, management anticipates that converting the biomass into high-grade CBD isolates and distillates will be a relatively straightforward process.The company has also retained FDA-licensed contract pharmaceutical manufacturer, PrimaPharma Inc., (http://www.primapharma.net) to ensure that all products meet regulatory and commercial FDA cGMP standards. Most recently, UPPR has partnered with ICC Inc. (http://icc-inc.net) to build out the manufacturing systems that will turn industrial quantities of raw hemp into high-grade CBD products to meet parabolically increasing commercial demand.Previously disclosed yield projections suggest that the company will target production of up to 45,000 kilograms of high-quality CBD to help meet soaring demand spawned by discussion of the newly legalized, non-psychoactive chemical compounds formerly locked within the hemp plant.Fortune magazine and other publications have contemplated a 100X surge in CBD consumption between now and 2023, at which point UPPR and other producers will need to ramp up output from a currently minimal 55,000 kg of isolate to as much as 3.5 million kg. U...