$DSCR: Discovery and VPR Group Provide Update on Hemp/CBD Oil Extraction
Date : 07/22/2014 @ 9:15AM
Source : PR Newswire (US)
Stock : Discovery Minerals Ltd. (PC) (DSCR)
MARINA DEL REY, Calif., July 22, 2014 /PRNewswire/ -- Discovery Minerals LTD. (OTC Pink: DSCR) (OTC: DSCR) Discovery is pleased to provide shareholders with additional detail on the anticipated yield from the AB AGRO hemp crop harvest planted on July 1, 2014 (update video and photos are available online at: tinyurl.com/dscrhempvid). The hemp has been planted on 160 acres of land in Alberta Canada. Average yield is 1 ton per acre for hemp stalk harvested. The Company is conservatively anticipating a yield of .375 tons of stalk/stem per acre, delivering 59 tons (118,000 pounds or 53,636 kilograms) of available material for processing into concentrated CBD oil. VPR's method for processing and extraction has the potential to reduce operational costs and increase efficiency of CBD oil extraction from industrial hemp, resulting in greater yields and concentrations. The processed hemp from the harvest is anticipated to yield up to 500 kilograms of CBD oil.
The market price of pharmaceutical CBD oil today is between 20,000 and 30,000 Euro Dollars/kg, (Source: Bio-Based News, May 28, 2014, tinyurl.com/cbd-pricingeu).
VPR's processing and extraction method is designed to be mobile. This will provide access to additional supplies of hemp.
About Discovery Minerals LTD.
Discovery Minerals Ltd., (OTC PINKSHEETS: DSCR.PK) is an acquisition and development company that targets natural resource properties through its subsidiaries. These properties fall within two primary channels, precious metals/mining and industrial hemp. Discovery subsidiaries engage in activities that include the cultivation, product development, and distribution of industrial hemp; Gold, silver and precious metals. In addition, the Company is pursuing clean tech and alternative energy investments to be integrated into these business channels.
About VPR Group, Inc.
VPR Group, Inc. focuses on the production and extraction of concentrated CBD oils through a proprietary process for retail and wholesale products.
- Go DSCR
Disclaimer: Alcohol is for those who could afford to lose some valuable brain cells.
