GREY:LXLLF - Post by User
Post by
lscfaon Jul 23, 2019 7:12am
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Post# 29949776
2018 Harvest
2018 HarvestSo what the hell happened?
11,400 hemp bales x 0.39 kg/bale of CBD = 4,446 kg
4,446 kg / 20,000 acres => 222 kg / 1000 acres
vs. 25,000 kg / 1000 acres
Aug. 13, 2018 - LIVEWELL CANADA INC. is pleased to announce that it has secured 1,000 acres of Canadian industrial hemp biomass for the purpose of extracting and producing cannabinoid (including "CBD") based products for distribution in Canada. Using current extraction technology licensed to LiveWell, the Company anticipates extracting approximately 25,000 kg of CBD for sale under the Access to Cannabis for Medical Purpose Regulations ("ACMPR"). | 1 | This transaction is subject to the following risk factors and uncertainties including but not limited to: LiveWell obtaining its extraction and sales license from Health Canada, new Health Canada regulations coming into effect in October 2018 allowing licensed producers to process industrial hemp for the purpose of extracting CBD oil, achieving a 5% yield on biomass and 50% extraction efficiency, and the current wholesale value for CBD may change materially in 2019. See Cautionary Note Regarding Forward-Looking Statements. |