Agricoltura
MYM Reaches Planting Stage for 120-Acre CBD-Rich Hemp Project in Nevada
The 120-acre pivot (crop circle) has been prepped and is ready for planting. A crop of red clover has been planted to be used as a cover crop to protect the seedlings. All of the equipment, including the auto-planters, has been prepped and the project will now move into the planting stage.
"I am very excited to report that MYM's cultivation team was on site this week and reported that the plan is proceeding as expected," said Howard Steinberg , CEO of MYM. "The Nevada project is a key component in our strategy to create a massive CBD-rich hemp footprint around the globe with the goal of becoming one of the largest cultivators and bulk CBD isolate suppliers in the world."
The Company's Nevada project is based on a CBD-rich hemp production agreement with immediate revenue-generating potential. MYM has entered into a production agreement with Elite Ventures and invested USD $500,000 to grow one pivot of 120-acres of CBD-rich hemp in Nevada . Elite will plant, grow, and harvest the crop of which MYM is entitled to 50%.
Based on previous crops grown on the property, MYM's 50% entitlement of the estimated production is of biomass to be converted into of CBD isolate generating estimated revenue of for MYM by Q1 2020.
MYM Nutraceuticals Inc. is an innovative company focused on the global growth of Cannabis and hemp. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors. MYM shares trade in Canada , Germany and the USA under the following symbols: (CSE:MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).
ON BEHALF OF THE BOARD
Howard Steinberg , CEO
MYM Nutraceuticals Inc.
www.mym.ca
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Investor Relations
Billy Casselman
+1-778-522-2261
investors@mym.ca