GrowX Global has planted its first hemp crop on schedule on 20 acres of company-owned property in Mission, B.C.
GrowX received its license to cultivate, process and distribute industrial hemp in March 2019 and immediately began site preparation for planting. The property was cleared and prepped for planting and the company completed planting the first 5 acres on May 13, 2019 two days ahead of schedule with another 15 acres to be planted by the end of the month.
The crop will yield approximately 18,000 hemp plants and has an expected harvest timeline of August 2019. Production and extraction of Hemp based CBD is expected to produce approximately 227 kg of hemp oil with a current market value of more than $1.3 Million CAD.