{"id":487101,"date":"2020-05-28T13:50:01","date_gmt":"2020-05-28T13:50:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=487101"},"modified":"2020-05-28T13:50:01","modified_gmt":"2020-05-28T13:50:01","slug":"hemp-rivers-aquaponics-ltd-commits-to-work-with-industry-leader-klonetics-to-meet-the-growing-medical-demand","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/hemp-rivers-aquaponics-ltd-commits-to-work-with-industry-leader-klonetics-to-meet-the-growing-medical-demand_487101.html","title":{"rendered":"Hemp Rivers Aquaponics Ltd commits to work with industry leader Klonetics to meet the growing medical demand"},"content":{"rendered":"
Hemp Rivers Aquaponics (Hemp Rivers), a leading-edge B.C. agritech company has signed a Letter of Intent with Klonetics Plant Science Inc (Klonetics) to supply plants and license intellectual property.<\/div>\n

\u25cf Hemp Rivers focus is on high CBD hemp, to meet the growing needs of the medicinal CBD market.<\/em><\/p>\n

\u25cf Hemp Rivers intends to grow high CBD hemp aquaponically to ensure steady and reliable crops that are not affected by the Canadian climate.<\/em><\/p>\n

\u25cf Klonetics will act as the nursery to develop high CBD hemp plants optimised for growth aquaponically.<\/em><\/p>\n

Hemp Rivers and Klonetics<\/strong><\/p>\n

Hemp Rivers Aquaponics has signed a letter of Intent with Klonetics, known for their cutting-edge genetics. Klonetics has one of the largest banks of cannabis and hemp genetics in Canada.<\/p>\n

Sage Ellie<\/strong>, CEO of Hemp Rivers stated, “We’re looking forward to working closely with the Klonetics team, to take CBD production to new levels.”<\/em><\/p>\n

The CBD Market<\/strong><\/p>\n

Global Market Insights, Inc. recently reported that they estimate the global CBD market will cross US$89 billion by 2026. This growth is driven by growing medical applications and increasing retail sales of CBD products. In addition, the report expects a greater percentage of this growth to come from Hemp versus cannabis, the other crop used to source CBD.<\/p>\n

Cannabidiol (CBD<\/strong>) is an active ingredient in cannabis derived from hemp or cannabis plants. Increasing data suggest it may help treat conditions like pain, insomnia, and anxiety. Historically Cannabis strains have been developed with a focus on high THC and on the illicit growing, rather than larger scale growth. For the medicinal markets, there is more of a need for strains with specific cannabinoids to meet the medical requirements without the requirement for THCs.<\/p>\n

Both parties will now proceed with their applications for a nursery licence or cultivator licence, under the Cannabis Act (Canada).<\/p>\n

About Hemp Rivers Ltd<\/strong><\/p>\n

Hemp Rivers Mission is to consistently provide CBD processors with a superior crop of medical grade high CBD – hemp on an environmentally sustainable basis.<\/p>\n

Klonetics Plant Science Inc. is the leader in industrial-scale cannabis tissue culture propagation, Klonetics specializes in Ready to Plant™ clone plantlets, Ready to Flower™ plants, and advanced genomics and breeding. With exclusive access to an extensive selection of proprietary strains, Klonetics provides growers in Canada with 100% sterile packaged plants<\/strong> that provide strong strain genetics<\/strong> for predictable growth and product consistency that is unmatched in the industry.<\/p>\n

Media Contact<\/span>
Company Name:<\/strong> Bennett Milner Williams Consulting Ltd.<\/a>
Contact Person:<\/strong> Victoria Bennett
Email:<\/strong> Send Email<\/a>
Phone:<\/strong> 403 589 7992
Country:<\/strong> Canada
Website:<\/strong> https:\/\/greenzagritech.com<\/a><\/p>\n

<\/object>\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Hemp Rivers Aquaponics (Hemp Rivers), a leading-edge B.C. agritech company has signed a Letter of Intent with Klonetics Plant Science Inc (Klonetics) to supply plants and license intellectual property. \u25cf Hemp Rivers focus is on high CBD hemp, to meet … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[400,402,437,411],"tags":[],"class_list":["post-487101","post","type-post","status-publish","format-standard","hentry","category-Agriculture-Farming","category-Food-Beverage","category-Lifestyle","category-Technology"],"_links":{"self":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/487101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/comments?post=487101"}],"version-history":[{"count":0,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/posts\/487101\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/media?parent=487101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/categories?post=487101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abnewswire.com\/pressreleases\/wp-json\/wp\/v2\/tags?post=487101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}