Hemptown USA, Premier CBG Grower Worldwide, Expects Significant Revenue Boost in 2020
The company projects $19 million total revenue in 2019 and up to $104 million in 2020 as it scales operations to meet rising global demand Hemptown USA obtained and grew one million rare CBG seeds for the 2019 growing season, yielding 780,000 pounds of dried biomass, and producing 10.3-13.4 percent full-spectrum non-intoxicating cannabinoids Hemptown USA is a privately-owned grower of full-spectrum, feminized hemp using premium-seed genetics. The company is the premier player on the cannabigerol (CBG) market which remains strong even as the price of cannabidiol (CBD) continues to experience price compression due to an explosion of hemp grown. One…