Asia Green Biotechnology Corp. announced today that InPlanta Biotechnology Ltd., the Company’s partner and licensor to it of various hemp and related agricultural products, has been granted its first full registration of a unique and proprietary hemp variety on Health Canada’s list of approved cultivars.
Asia Green Biotechnology Corp (“Asia Green” or the “Company”) (CSE:ASIA) announced today that InPlanta Biotechnology Ltd. (“InPlanta”), the Company’s partner and licensor to it of various hemp and related agricultural products, has been granted its first full registration of a unique and proprietary hemp variety on Health Canada’s list of approved cultivars. This variety has been in development over a four-year period, and was in the approval process for the past year and is designed to add a significant new element to the agronomic base for hemp production in Canadian as well as relevant international market places. To be produced and marketed under the brand name “Bountiful”, this cultivar will be the leading hemp-based source of CBD oil with an average recovery rate of CBD in the range of 5%.