Cannabis Science Inc (OTCMKTS:CBIS) shares were bolstered last week by the news they are expanding the size of the grow itself. This allowed shares to turn from negative on the year to positive. The stock has been much higher in 2017, but the metric for this stock seems to be the top line production number.
The company announced that it has negotiated a deal with the Members of the Winnemucca Tribe Shoshoni MBS Fee Lands for 250 acres of HRM farm lands in the San Joaquin Valley, California.
Cannabis Science Inc (OTCMKTS:CBIS), RCDU, and its partners look to be one of the country’s largest Cannabinoid producers as this deal has 250 acres, all of which is 100% scheduled to be planted on the Tribal Fee Lands Membership in San Joaquin County.
Each acre has the potential yield of up to 1,600 pounds of CBD rich cannabinoid per growing cycle, or approximately 400,000 lbs. in total. With two to three growing cycles per year, that is a possible yield of up to 1.2M lbs. of rich plant. This is a significant number for cost basis analysis and distribution concerns over lack of product from the huge worldwide demand for quality production. This massive production can only be carried out by highly experienced professional farmers and agriculture experts. HRM Farms, CBIS, and the RCDU Team have exactly what is needed. With the land ready to go right now, the tilling will begin shortly as our regulatory experts are speaking with Authorities for appropriate approvals.
Find out when $CBIS stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
$CBIS 10-Day Chart Below:
The intent is to create a self-sustaining community of academia, which allows business opportunities, medical advancement, and legal progress to thrive. With approximately 250 acres to work with it is designed to be a completely vertically integrated operations model providing jobs throughout the community for education, medical training, construction, general services and the list goes on.
This deal will propel Cannabis Science and its Native American Partners into the forefront of CBD rich cannabinoid production. The focal point of the community development project is the Raymond C. Dabney University, a school of Law, Business, and Medicine. The Goal of Raymond C. Dabney University (RCDU) is to “provide financially challenged communities an affordable opportunity to acquire a quality legal education beginning with a structured and regulated program in Law.” RCDU will be providing free scholarships and additionally subsidized education packages for Tribe Members of the Community. RCDU and its legal group will work closely with Cannabis Science and the Tribe to manage and operate the University/Cultivation/Medical Complex.
“CBIS has several thousand acres under contract for drug development, educational programs, and job creation from Sovereign Tribal Lands. Working in conjunction with RCDU, Cannabis Science has created an educational, economic development plan, with a job creation package that is second to none; we are all looking to benefit greatly from this type of strategic economic growth program. We are certainly expanding our programs across the Country as we speak; once we begin our television campaigns I think the world will take serious note and stand up with us to make that change,” stated Cannabis Science Inc. President & CEO, Co-Founder, Mr. Raymond C. Dabney.
Shares in Cannabis Science, Inc. (OTCMKTS:CBIS) have been in decline since February, and this news brings some new light to the metric that matter to shareholders. The company is trying to take advantage of its unique understanding of metabolic processes to provide novel treatment approaches to a number of illnesses for which current treatments and understanding remain unsatisfactory.
Cannabinoids have an extensive history dating back thousands of years, and currently, there are a growing number of peer-reviewed scientific publications that document the underlying biochemical pathways, this unique approach to treating pain and other ailments puts new companies at the fore front of changes for investors and patients. For continuing coverage on shares of Cannabis Science Inc stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!