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.”
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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.
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