Isodiol Announces Agreement to Acquire 51% of Farmtiva | CashCropToday
0 Shares 201 Views

Isodiol Announces Agreement to Acquire 51% of Farmtiva

May 4, 2018
201 Views

Isodiol International Inc. (CSE: ISOL) (OTC: ISOLF) announced this week that the company has entered into a binding agreement to acquire 51% of Farmtiva LLC., which is a cultivator of industrial hemp California. Farmtiva will be providing expertise in industrial hemp farming, as well as, distribution support to other farmers associated with Isodiol International.

Farmtiva and non- profit group, Imperial Valley Conservation Research Center are planning the first California hemp crop within the next three weeks. This project will be a first in California for hemp legally grown under the Agricultural Act of 2014 § 7606 in California.  As an “established agricultural research institution,” under Food and Agricultural Code Section
81000, the project is exempt from registration
and may currently grow industrial hemp in California.

Under the agreement, Isodiol will issue Farmtiva $1,050,000 in stock based on the closing price April 30th, 2018, subject to 36-month escrow guidelines. Isodiol International is a global producer and distributor of CBD based products and raw materials. The company hopes to be able to become the first producer and extractor of CBD oil in California.

Hemp Pioneer and Farmtiva CEO, Chris Boucher said, “This partnership enables us to operate an industrial hemp research and grow operation on the grounds of the former U.S. Department of Agriculture research facility, creating new jobs and investments in the community.” The facility consists of 160 acres, with 140 acres divided into small research
plots that are leased to clients including Farmtiva. In
addition to the research plots, the center houses five
greenhouses and a soil testing laboratory.

You may be interested

Canopy River Begins Trading on the Toronto Stock Exchange (TSX)
Market Watch
4 views
Market Watch
4 views

Canopy River Begins Trading on the Toronto Stock Exchange (TSX)

Editor - September 21, 2018

Yesterday, Canopy Rivers Inc. (TSXV:RIV) announced that their company has began trading on the TSX Venture Exchange under the ticker symbol RIV. The company works in conjunction with…

Aurora Cannabis in Discussions with Coca-Cola to Produce CBD Infused Beverages
Market Watch
89 views
Market Watch
89 views

Aurora Cannabis in Discussions with Coca-Cola to Produce CBD Infused Beverages

Editor - September 20, 2018

In a press release this week, Aurora Cannabis (TSX: ACB) (OTCQB: ACBFF) confirmed that it has entered into the beginning stages of negotiations with beverage conglomerate Coca-Cola to…

Australian CBD Company Elixinol Begins Trading on OTCQX
Market Watch
65 views
Market Watch
65 views

Australian CBD Company Elixinol Begins Trading on OTCQX

Editor - September 19, 2018

Yesterday, international hemp-derived CBD company Elixinol (ASX: EXL) began trading on the OTCQX, a U.S. based stock market exchange, under the ticker symbol ELLXF. The company is…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: