GB Sciences Inc (OTCMKTS:GBLX) announced recently that it has entered into an agreement with Colorado Hemp Project to develop and grow boutique Hemp Genetics and other new strains of Hemp that will continuously provide the core component in the proprietary Cannabinoids (CBD) formulations.
Recently, GB Sciences was issued with production license to operate in the Las Vegas in partnership with Relax With Happy™ (RWH), a startup that was founded by a veteran cannabis chef, Delicious Dee™, and Cura Cannabis Solutions, the best-seller of cannabis brands in West Coast regions. The joint venture agreements are expected to enhance the monthly cash flows after two months required to lay the foundation.
According to GB Sciences, Hemp has the potential to provide the ground on which the essential elements are created and it’s an affordable source of vital and beneficial CBDs. The company plans to breed CBD into the Hemp plants to optimize the end results.
The company has an arrangement with outstanding group of farmers at the Colorado Hemp Project that will enable the firm to manipulate the genetics to create rare and beneficial hemp plants. Furthermore, according to Kevin Kuethe, COO at GB Sciences, the firm will create a link between research and the significance of producing the custom-made boutique Hemp genetics.
Colorado Hemp Project focuses on supporting the local farmers and municipalities across the country produce the best yields of Hemp products with the aim of healing the environment by emphasizing use of sustainable Hemp farming methods across the globe.
The company partners with the right companies to enable it deliver on quality, consistency and safety of the Hemp products to prolong the lifespan of its cannabis customers who demand natural products that have zero side effects to their health. The company expects to increase its retail sales from the new production facility in the second quarter of the year.