MYM Nutraceuticals Inc MYMMF

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MYM JV sells 163,000 pounds of hemp biomass 2019-07-11 06:48 ET - News Release Mr. Howard Steinberg reports MYM'S JOINT VENTURE COMPANY BIOHEMP SIGNS PURCHASE AGREEMENT FOR THE SALE OF 163,000 POUNDS OF CBD-RICH BIOMASS MYM Nutraceuticals Inc.'s joint venture company (MYM owns 50 per cent), BioHemp Naturals Growing & Farming Ltd., has signed a purchase agreement for 163,000 pounds, of an estimated 675,000 pounds of cannabidiol-rich hemp biomass is currently being grown at the Saskatchewan project. Under the terms of the agreement, the biomass is to be delivered in multiple shipments from the 2019 harvest with final delivery no later than Dec. 31, 2019. A deposit of $650,000 CAD has been received with all remaining payments to be made at the time of delivery. "We are delighted BioHemp has completed its first sale of CBD-rich hemp biomass that is currently being cultivated at the Saskatchewan project", said Howard Steinberg, CEO of MYM. "We are currently in discussions to sell the balance of the estimated 500,000 lbs of biomass with the hopes that it will all be sold by the end of July." About MYM Nutraceuticals Inc. MYM Nutraceuticals Inc. is an innovative company focused on the global growth of Cannabis and CBD-rich hemp. To ensure a strong presence and growth potential within the industry, MYM is actively looking to acquire complementary businesses and assets in the technology, nutraceuticals and CBD sectors. MYM shares trade in Canada, Germany and the USA under the following symbols: (CSE:MYM) (OTC:MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY). We seek Safe Harbor. 2019 Canjex Publishing Ltd. All rights reserved.