Cannabis Science Signs for Another 250 Acres of Cannabis Cultivation Land
Cannabis Science (OTC: CBIS) is a cannabis company that has never been far from many serious cannabis investors’ minds over the past few years. This company is making big moves, and investors are taking note. Today, the company announced that they signed for another 250 acre land deal in California. They mentioned that this land is already fully licensed and ready to grow cannabis for cannabinoid extraction, due to its status as tribal land. With each acre having a potential yield of up to 1,600lbs of CBD-rich cannabinoid per grow cycle, the company’s capacity for research and development could shortly take a quick turn upwards.
Additionally, this land will be used by the Raymond C. Dabney University to create a self-sustaining community fueled by both academic and career prospects. This deal is one of the largest of its kind, and it creates tremendous vertical integration opportunities for Cannabis Science, which could greatly cut costs and improve operating efficiency. This most recent land deal joins several other huge deals in California and Nevada, and the company has already started developing its green house spaces in several of these plots of land.
The cannabis products harvested on this development will be used to create business opportunities for the company in terms of partnerships with external growers, medical advancement through expedited and expanded research opportunities, jobs in cannabis growth and research, and even legal progress, as the research conducted is expected to be tremendously impactful. The federal government is closely watching the states that have legalized cannabis, and they seem to be waiting for more research to come out before making a regulatory move on the federal level, so any research and development that takes place helps turn the political tides green, so to speak.
Cannabis Science investors were treated to 39.47% in gains at the time of the market close on Thursday, April 13th, and the stock closed at a high of day after seeing steady upwards price action most of the day. The proof is in the price action: investors are excited about Cannabis Science’s progress with these land deals.© Copyright 2016 OTC News Magazine. All rights reserved.