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Thursday, July 11, 2019 5:22:35 AM
Here is the conservative and not hyped news announcement from CVSI. Whereas CVSI is producing, the Spider Man is storing for the itsy bitsy spiders to have their way with little crawling insects having their way you understand. IMHO Wolfie
“the commencement of its domestic hemp sourcing initiative, including a commitment to more than 500 acres of U.S.-based hemp production for 2019.”
https://www.prnewswire.com/news-releases/charlottes-web-hemp-harvest-increases-10x-building-inventory-to-meet-growing-cbd-product-demand-300778200.html.
Give them credit. They are honest in their hyped announcement. IMHO
The Company reported more than a 10 times growth in harvested hemp compared to its 2017 grow season.
The high-quality 100% U.S.-grown hemp will be processed through proprietary extraction methods to create whole plant hemp extract that will be used in Charlotte's Web products for sale in 2019 and 2020.
The Company planted 300 acres of hemp in 2018, up from 70 acres in 2017.
Charlotte's Web employs an inventory model whereby it grows more hemp than it needs for the subsequent year in order to minimize the risk of product shortfalls against forecasted rapid market growth. Dried hemp can be stored for years, with even more longevity in its extracted form
Recent CVSI News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 01:10:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 02:36:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:21:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 01:32:15 PM
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