International Land Alliance Announces Site Preparation for CBD Hemp Joint Venture
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SAN DIEGO, Dec. 17, 2020 /PRNewswire/
International Land Alliance, Inc. (OTCQB: ILAL), is pleased to announce its joint venture partner has completed site preparation and will officially break ground next week to develop a commercial hemp operation on 40 acres of the Company s Southern California property.
The Company announced the signing of the joint venture on October 12, 2020. The first phase of the development includes plans for 1,350 square feet of indoor operations slated for growing, germination, processing and storage and 3 acres of outdoor. Indoor grows can have nearly perpetual harvests if the growing conditions are right and a good cultivation team is in place. Outdoor plants are usually larger and contain more buds in many cases, but with multiple harvests, the yield for indoor plants can be much larger depending on the number of plants,