Partnership to Promote the Future of Agriculture and Rising Profile of the Company’s Industrial Hemp Projects in Kentucky
LAS VEGAS, NV—(August 24, 2016) – CV Sciences, Inc., (OTCBB: CVSI), announced that it has granted a $25,000 sponsorship to Kentucky’s Future Farmers of America Foundation (FFA). The FFA Foundation is an independent organization devoted to making a positive difference in the lives of students by developing their potential for premier leadership, personal growth, and career success through agricultural education.
CV Sciences’ sponsorship focuses on FFA’s Agricultural Experience Tracker (AET), the foundation’s most vital services, which serve as the symbolic heart of a student’s research and work. Every FFA member uses the AET system to store related hours, data, finances, photos and notes, and track Supervised Agricultural Experiences (SAE). Through the patronage of CV Sciences, the FFA Foundation will have the ability to continue providing this valuable software for the long-term and sustainability in the advancement of its domestic agricultural hemp industry. CV Sciences’ support in the rising profile of industrial hemp projects in Kentucky, is aligned with its principle to develop a consistent hemp supply in Kentucky, and to serve the scalability and growth of hemp-derived products through each step of that supply chain including first levels students.
“CV Sciences is at the forefront of an industry that could put our future Kentucky farmers in a position to set a nationwide industry standard,” said Sheldon McKinney, executive director of Kentucky FFA Foundation. “Their support is vital to our mission and we are grateful for their investment in Kentucky’s agricultural future.”
CV Sciences’ Director of Marketing, Sarah Syed said, “CV Sciences is proud to encourage a deeper understanding and broader support for the remarkable potential of hemp, starting with the youngest agricultural leaders. Partnering with the FFA Foundation will allow us to support as well as invest in Kentucky’s agricultural education. The parallels between the efforts of CV Sciences and the mission of FFA Foundation makes for a fitting example of two organizations aligned with the same goal of shining a broader light onto modern agriculture. In CV Sciences’ case, particularly the growing farming and education efforts in the state of Kentucky for the hemp industry as it is being developed into what many hope will be the “Silicon Valley of Hemp.””
Kentucky’s hemp crop is growing and attracting new investors to Kentucky. The state is working on growing the industry and some estimate that hemp could become a billion-dollar industry. According to the volume of hemp farming authorized by Kentucky’s Department of Agriculture this year, the state is expected to see an enormous jump in production during its third year of participating in the pilot industrial hemp project. Focus for the state will continue to be on production research but will expand to include how the state can best turn hemp into marketable products. This year, Kentucky’s Department of Agriculture authorized the planting of nearly 4,500 acres of hemp, a five-fold jump up from last year’s authorized total of 900 acres.
ABOUT CV SCIENCES: CV Sciences, Inc (OTCBB: CVSI), formerly CannaVest Corp, located in Las Vegas, Nevada, focuses on drug development activities on products containing cannabidiol (CBD) as the active pharmaceutical ingredient, and is engaged in the development, marketing and sale of end consumer products containing CBD, which is refined into its own PlusCBD Oil™ brand. Additional information is available from OTCMarkets.com or by visiting PlusCBDoil.com.