BPH Energy investee Patagonia Genetics expands its catalogue of cannabidiol and hemp strains

BPH Energy investee Patagonia Genetics expands its catalogue of cannabidiol and hemp strains

BPH Energy (ASX: BPH) has announced that its investee company Patagonia Genetics has acquired an additional 24 cannabidiol (CBD) and hemp strains to add to its existing collection of over 260 strains, thereby expanding and expediting its plans to commercialise its overall genetic library next year. BPH first made a commercial commitment in Queensland-based Patagonia earlier this year after acquiring a 10% interest in the craft cannabis companywith a further option to increase its initial stake to 49%. Patagonia Genetics has secured the exclusive worldwide distribution rights to Chile’s leading cannabis fertiliser range Wonderland Agronutrients, which includes ‘home grow’ and algae-based biostimulant products. In a market update in September, BPH confirmed that Patagonia had purchased its first 1,300 litres of Wonderland products and would be sending samples to major licenced cannabis producers and international growers. Bountiful hemp industry progress Today’s news of Patagonia’s expansion is therefore a positive development for BPH as the company continues to grow its operations and intended expansion in Latin America. With respect to CBD, Patagonia said it would be signing a contract with award-winning Colombian growers dubbed the “Buddah Twinz” after its directors led by in-country manager Miguel Serrano personally inspected a unique genetic seed bank, comprising of over…

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Source : CANNANNEW REPORT
Link to original : BPH Energy investee Patagonia Genetics expands its catalogue of cannabidiol and hemp strains
reposted by Cannabis News World

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