Marijuana-Hemp

Owyhee plans to grow hemp, use it for packaging

Fri, 13 Nov 2020 06:16:19 GMT

Owyhee Produce , Nyssa, Ore., is taking the sustainable packaging trend to the next level, by growing its own packaging.

The company plans to grow 500 acres of hemp in Oregon this year, converting the fibers to compostable bags for onions next spring, according to a news release. CBD oil will also be a byproduct of the process.

Owyhee has a list of sustainability goals by 2022, including:

100% compostable, biodegradable or recyclable packaging;
A 25% reduction in water and fuel use per acre; and
100% carbon neutral.

“We know not everyone can commit to these types of standards today,” Shay Myers, general manager, said in a news release. “However, for the most demanding companies out there, those companies who have made the massive commitment to reducing carbon emissions, pollution, and waste, we are here.”

Owyhee rotates crops, planting onions in a field every five to six years, a practice used in regenerative farming. The initiatives play into the company’s “There’s a difference!” motto, according to the release.

The company calls the bags Farmed FRESH (Farmed Regenerative Environmentally Sourced Hemp) Packaging.

Owyhee Produce will have samples of the bags at its Produce Marketing Association Fresh Summit booth No. 2880, Oct. 18-19 in Anaheim, Calif.

Village Farms to be listed on NASDAQ

Fri, 23 Sep 2022 21:38:20 GMT

Village Farms International Inc ., which has converted more than one million square feet of former vegetable greenhouse production to grow cannabis in Delta, British Columbia, will now be traded on the NASDAQ Capital Market.

Village Farms CEO Michael DeGiglio has said the listing is a precursor to “aggressively pursue” opportunities with hemp and cannabidiol products in the U.S. The company has a total of 130 acres (5.7 million square feet) of vegetable greenhouses in Texas that can be converted to produce hemp and CBD products, a process that could be completed in eight months or sooner.

DeGiglio has said the company might also produce hemp in open fields, but plans depend on Texas legalizing hemp.

DeGiglio said in a recent Q&A with Real Money/TheStreet that recreational marijuana and CBD production potentially can bring 10 times the margins that tomatoes do.

The company will be listed under “VFF” on NASDAQ, and continues to be listed under the same symbol on the Toronto Stock Exchange, according to a Village Farms news release.

The initial trading date on NASDAQ for Village Farms common shares has not been determined.

The company plans to report fourth-quarter/year-end financials on March 13, according to the release.

Marijuana found in avocado shipment entering Texas

Fri, 13 Nov 2020 05:47:54 GMT

U.S. Customs and Border Protection officers at the Pharr (Texas) International Bridge recently found more than a ton of marijuana hidden in a commercial load of avocados.

The officers discovered 421 packages of marijuana weighing 2,119 pounds in the shipment Feb. 22. The marijuana, valued at $424,000, was discovered after a “thorough inspection utilizing all available tools and resources,” according to a news release.

The interception followed a similar seizure on Feb. 19 at the port of entry, when 343 packages of marijuana weighing 818 pounds was found in an empty tractor-trailer arriving from Mexico. The two shipments are valued at $587,000, according to the release.

“Marijuana is being intercepted in large quantities in this region both at and in between the ports of entry,” Port Director David Gonzalez, Hidalgo/Pharr/Anzalduas Port of Entry, said in the release. “CBP officers at our port and throughout the Laredo Field Office are encountering and seizing colossal loads of marijuana.”

The CBP Office of Field Operations used canines and non-intrusive imaging technology in the seizures. Homeland Security Investigations is handling the cases.