CV Sciences, Inc. Donates Hemp Seed Varieties to Kentucky Farmers and Academic Institutions to Aid in Hemp Research and Development Efforts
Universities and Small Kentucky Farms Benefit From Seed Exchange Program, Furthering Research Efforts Towards a Robust Domestically Sourced Hemp Supply
LAS VEGAS, NV -- (Marketwired) -- 05/11/16 -- CV Sciences, Inc (OTCBB: CANV) is pleased to announce that last week, farmers and university research programs in Kentucky received international hemp seed provided by CV Sciences for research projects throughout the state. This seed distribution, over a month earlier than last year, allows Kentucky farmers to improve outcomes, make important research gains and keep Kentucky at the forefront in developing a domestic industrial hemp supply. By receiving the seeds promptly, and thanks to the expeditious work of the Kentucky Department of Agriculture, four farms and two university programs will be able to plant at the optimal moment.
Over the past three years, CV Sciences has supported industrial hemp research and development through Kentucky's Hemp Pilot Project. In addition to providing seeds to several Kentucky universities' agronomic research departments in past years, the company has assisted research efforts with monetary donations as well. CV Sciences also funds the work of the University of Kentucky's first graduate student focused entirely on hemp and cannabinoid research, who is studying various methods to increase cannabinoid production. The company plans to continue to expand research efforts with universities and Kentucky farmers through the remaining years of the pilot project.
CV Sciences' vice president of operations, Michael Mona III, explains the motivation behind the seed distribution, "[w]e're inspired to assist researchers and farmers in Kentucky with the hope that together we will be able to secure a domestic supply that will meet the booming demand for hemp-derived CBD in this country." CV Sciences' prominent position in the industry, with continued cooperation from the Kentucky Department of Agriculture, allowed Kentucky farmers and academic institutions to be some of the first in the country to have seed in hand and in the ground.
Josh Hendrix is a Kentucky hemp farmer, and serves as director of business development -- domestic production for CV Sciences. Of the early distribution he says, "[b]oth the logistics and the outcomes of farming can be unpredictable. Being on an accelerated timeline, with seed in hand so early, allows us to take what we have learned in previous years, build on it, and hopefully get that much closer to creating a domestic supply that eventually meets industry needs." Agronomic research programs at Kentucky State University and Murray State University, as well as Stone Farm in Paris, HF Farms in Hippo, West Kentucky Hemp in Murray, and Hendrix Hemp in Mount Sterling are the beneficiaries of CV Sciences' seed donation. While some are growing for CBD research, others are focusing on fiber research, as well as soil remediation on former strip mine sites. These farms as well as around 144 others are participants in the third year of Kentucky's Industrial Hemp Pilot Project through the Kentucky Department of Agriculture.
ABOUT CV SCIENCES:
CV Sciences, Inc (OTCBB: CANV), formerly CannaVest Corp, located in Las Vegas, Nevada, focuses on drug development activities on products containing the hemp plant extract cannabidiol (CBD) as the active pharmaceutical ingredient, and also is engaged in the sale of CBD, and the development, marketing and sale of end consumer products containing CBD, which is refined into its own PlusCBD Oil™ brand. Additional information is available from OTCMarkets.com or by visiting PlusCBDoil.com.
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Source: CV Sciences, Inc.
Released May 11, 2016