Charlotte's Web Holdings Inc (CWBHF)

[DarthYoda]

"We do our own farming in Colorado and partner with the finest farmers in Kentucky and Oregon. This year's harvest is a testament to our farming excellence and constantly growing agricultural knowledge of hemp," said Mr. Moallem. "We have an internal plant science and genetics department that has made substantial progress in creating healthier, more robust plants that maximize yields by region and provide complete scalability."

https://investors.cwhemp.com/press-releases/press-release-details/2019/Charlottes-Web-Hemp-Harvest-Increases-10X-Building-Inventory-to-Meet-Growing-CBD-Product-Demand/default.aspx

Being that Charlotte's web is totally non-GMO, I wonder what the "internal plant science and genetics department" figured out to "maximize yields by region" by so much.

GMO crops, while becoming more common, are actually very difficult to make. On average, if the crop is already developed and there is much scientific data already available, it takes 13 years, and several PhDs to develop a new GMO variety.

The average cost to research and drive a GMO plant to market is well over $100 million. Mandatory registrations and licensing of these crops can sometimes double that cost. This is why only large companies that have an immense global reach develop GMOs and focus on crops that dominate in production to recoup costs and make a profit. Typically, these crops are maize (corn), soybean, cotton, alfalfa, canola, and sugar beet. To our knowledge, there are no varieties of hemp anywhere that are GMO. For us to generate a GMO crop with little funding in 2 years would be impossible! Not only that, but we have absolutely no desire to do so.

Because of our company principles — Science, Nature, Family — we don’t spend millions of dollars to inserting foreign genes into our proprietary hemp lines. Our plants are grown for natural, healthy living, and to us, that means growing them in sustainable and environmentally friendly ways. We think our pure, natural hemp varieties are special enough just as they are.

https://www.cwhemp.com/blog/gmo-free-hemp-oil