VANCOUVER, British Columbia, July 15, 2019 (GLOBE NEWSWIRE) — Segra International Corp. (“Segra” or the “Company”) an agriculture technology company, is pleased to announce that it has received its Industrial Hemp Grower Registration licence, allowing the Company to commence hemp tissue culture operations in Oregon. The Company’s newly licensed, Portland-based laboratory represents Segra’s premiere entry into the U.S. hemp space. The Company’s hemp operations are being developed concurrently with its Canadian cannabis strategy.
Segra’s Portland laboratory will be used for hemp cultivar preservation and production of disease-free, true-to-type tissue culture hemp plantlets. U.S. federal law requires that tetrahydrocannabinol (THC) levels in hemp crops be below 0.3%. The Company, along with its genetics partners, intends to offer U.S. hemp growers access to premium and exclusive high-CBD, low-THC cultivars.
“Backed by our genetics partners and world-class genomics division, we’re eager to demonstrate the value that our tissue culture technology brings to the industrial hemp space,” said Segra CEO Todd McMurray. It is anticipated that Segra’s U.S. hemp operations will commence later this year. Recent analysis conducted by BDS Analytics and Arcview Market Research estimated the U.S. CBD market to exceed $20 billion by 2024.
About Segra International
Segra is an agriculture technology company offering innovative services that accelerate the advancement of the cannabis industry to better serve society. The Company’s plant tissue culture and genomics technologies, coupled with a vast business ecosystem, empower its clients to drive financial performance and mitigate risk, while exploring the next frontiers of optimized cultivation practices for the rapidly evolving medical, recreational, and hemp markets. Segra is developing industrial-scale facilities to produce disease-free, robust, and DNA fingerprinted cannabis plantlets for licensed producers globally. To support this vision, Segra has assembled a world-class team of specialists in the fields of agronomy, molecular genetics, plant tissue culture, and regulatory compliance. Segra currently has agreements with many leading global cannabis producers, including the Canadian licensed producers HEXO Corp., Agripharm Corp., and The Supreme Cannabis Company Inc.