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CannabisNewsBreaks – Hemptown USA Raises $17.2 Million to Fund Expansion Plans

Company: Hemptown USA
Category: Stock Spotlights

Hemptown USA, a privately held company headquartered in Southern Oregon’s Emerald Triangle, announced that it raised $17.2 million (CAD$23.3 million) to fund its planned expansion (http://cnw.fm/LQ4y1). A recent article further discussing the company reads, “A big part of Hemptown USA’s strategy includes the farming of novel cannabinoid strains in addition to cannabidiol (“CBD”). Recently, the company acquired and is now in the process of planting $5.5 million of Oregon CBD seeds, including one million rare cannabigerol (“CBG”) seeds. The CBG seed genetics acquired by Hemptown USA are estimated to yield 10–12% CBG biomass. This move positions Hemptown USA to become a leading CBG producer in the United States.”

To view the full article, visit http://cnw.fm/04qOq

About Hemptown USA

Hemptown USA, headquartered in Central Point, Oregon, is a proven grower of full-spectrum, feminized hemp grown using premium-seed genetics that contain less than 0.3% THC and exceptionally high cannabinoid (CBD) content of up to 20%. The company’s soil-to-oil methodology combines seasoned professionals working in handpicked agricultural microclimates located in Oregon’s famed Emerald Triangle and in Kentucky and Colorado. For more information, visit the company’s website at www.HemptownUSA.com.

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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