Tuesday, March 14, 2017 6:21:31 PM
XB is implementing its business plan to be the largest producer of CBD in the United States. CBD is the part of the cannabis plant that typically is used for health reasons instead of for recreational purposes. CBD products are either derived from industrial hemp plants or marijuana plants.
IXB, (IX Biotechnology Inc) was developed as a joint venture combining several strategic partners, including the Shoshone, Battle Mountain and Washoe Indian tribes, as well as combing various concepts and industry-specific knowledge in commercial hemp and cannabis research and sales. These relationships enable IXB access to tribal lands for farming commercial hemp and cannabis, and will allow IXB to sell hemp and cannabis products in retail outlets on tribal lands (www.ixbiotech.com).
Read more: http://www.nasdaq.com/press-release/american-housing-income-trust-announces-acquisition-of-cannabidol-cbd-company-ix-biotechnology-20170314-00621#ixzz4bLEC4Ob5
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