High-CBD Industrial Hemp
USA News
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2018 US Farm Bill legalizes industrial hemp federally across the USA.
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CBD has numerous medical uses including treatment of chronic pain, PTSD, Multiple Sclerosis, and Epilepsy.
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Industrial hemp has no psychoactive effects as the THC content is <0.3%.
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Hemp-derived CBD market is expected to grow 40x to USD$22 billion by 2022 as per Brightfield Group (September 2018) projections.
January 2020
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Execution of sales agreement for Zero-THC Distillate from CGM’s wholly-owned hemp biomass. (January 15, 2020)
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Execution of sales agreement for CBD Isolate from CGM’s wholly-owned hemp biomass. (January 29, 2020)
California Gold &
Industrial Hemp
July 2019
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Purchased 82 acres farmland known as Grove Road Farm, Illinois. 100% owned by California Gold Mining Inc.
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Obtained Industrial Hemp Grower License from the State of Illinois, Department of Agriculture, Bureau of Medicinal Plants.
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Planted 130,000 (10%-20% CBD) industrial hemp plantlets following GAP (Good Agricultural Practices) and 2018 Farm Bill compliance.
December 2019
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Executes toll-extraction agreement with North Carolina-based extraction and processing company.
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Completed harvest and post-harvest treatment of high-CBD hemp crop from its Grove Road Farm.
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11,117 lbs of hemp biomass with approximately 10% CBD content from Grove Road Farm.
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Purchased additional 35,242 lbs of biomass from farmers in Virginia and North Carolina, USA with approximately 105 CBD content.