Marijuana Inc (MAJI)

[davidsson10]

GRN Holding Corporation (GRNF) Announces That Sunshine Hemp has Received First Hemp Seed Approval in State of Florida

Friday, June 26, 2020 3:15 PM EST

SEATTLE, WA / ACCESSWIRE / June 26, 2020 / GRN Holding Corporation (OTC PINK:GRNF) (the "Company"), is pleased to announce that Sunshine Hemp, Inc. ("Sunshine"), the first permitted University Hemp research program in Florida, received the first approval in the State for "Pilot Project Hemp Seeds" which allows Sunshine the opportunity to legally sell those hemp seeds to a potential market of approximately 1,200 applicants who applied for cultivation licenses in Florida's new State Hemp Program. Sunshine Hemp will be the only University approved company with tested strains of premium CBD and CBG dominant feminized hemp seeds, seedlings, and cultivars for sale to Florida growers.

In 2018, Sunshine Hemp partnered with Florida A&M University in the Florida Industrial Hemp Research Pilot Program authorized under Section 1004.4473, F.S to research, test and commercialize hemp genetics that would perform well in Florida and meet all state and federal compliance guidelines.

After a rigorous 12-week research program with extensive data analysis and testing at the Sunshine Hemp research sites in Florida, the University approved the seeds as the first "Pilot Project Hemp Seeds & Cultivars" under the stringent guidelines dictated by Florida law and the Florida Department of Agriculture and Consumer Services. This allows Sunshine Hemp to market and sell seeds, seedlings, and cultivars to hemp growers in Florida as well as outside the state.

The approval positions Sunshine Hemp to be first to market with legal hemp seeds, seedlings, and cultivars. Under Florida law s. 581.217, F.S. all hemp growers are required to use hemp seeds that are either University approved "Pilot Project Hemp Seeds and Cultivars" or hemp seeds certified by the Association of Seed Certifying Agencies (AOSCA). The strict hemp genetics requirements were enacted in law to ensure that Florida hemp growers would use seeds certified as high quality, stable, consistent, and compliant with federal and state requirements. All hemp growers are required to use a certified seed.

In 2019, Sunshine Hemp, Inc. entered into a binding LOI with the Company to become part of the family of GRN Holding businesses. The Company and Sunshine are pending completion of the transaction. The approval of Sunshine Hemp seeds makes Sunshine the leading hemp seed provider in the state. Sunshine plans to launch a major hemp breeding program over the course of the next 6 months.

Sunshine partner and GRN Advisory Board member, Dr. Jeffrey Sharkey, said "We are truly excited about Sunshine Hemp's genetic research efforts and receiving the first University approval in the state for "Pilot Project Hemp Seeds". Once growers heard we were the only program with state approved hemp seeds, we have received dozens and dozens of inquiries to purchase seeds, seedlings and cultivars."