Industrial Hemp Joint Venture in Northeast New Brunswick
Global Hemp Group’s (GHG) and Marijuana Company of America (MCOA) have launched agricultural hemp trials in northeast New Brunswick. This marks the return of industrial hemp to the region where it was tried 20 years ago but failed to take off due to lack of market opportunities. These trials are part of the first of three phases in implementing the Company’s Hemp Agro-Industrial Zone (HAIZ). The project focuses on the development of an industrial cluster around the hemp crop, which will ensure a market for farmers, year-round manufacturing job opportunities for the region, and a model for the Company to attract and develop additional HAIZ projects in other regions as well as provide a consistent potential revenue stream for the GHG’s and MCOA’s shareholders.