Cannabis Therapy Corp. (OTCQB: CTCO) (the “Company”), a development stage company aiming to become a leader in the research, development and commercialization of safe, all-natural, ultra-low THC, cannabinoid-based medicinal therapies and supplements (Nutraceuticals), is very pleased to announce it recently passed pre-harvest inspection by the Colorado Department of Agriculture, and subsequently harvested its first ever hemp crop which is now slated for near term product development and commercial applications.

As noted previously, in May, 2014 Cannabis Therapy Corp. engaged Mr. Ryan Loflin and his company, Rocky Mountain Hemp Inc. of Springfield, Colorado regarding an exclusive land lease and crop service agreement for the outdoor cultivation of high-quality, organic hemp. Subsequent reports indicated a healthy crop which the Colorado Dept. of Agriculture sampled on August 28, and reported that the plants tested below 0.3% THC (dry weight) and therefore were in compliance with the Colorado Industrial Hemp Regulatory Program Act on September 15, 2014.

This notification effectively cleared the path for harvesting of the crop which occurred on September 20, 2014. Once processed, the hemp materials will be used for product development aimed at formulating proprietary anti-inflammatory and related nutraceutical products for humans. In addition, some of the crop is slated for use as an ingredient in the recently licensed Canna-Pet™ product lineup of animal supplements.

Canna-Pet, LLC President Dan Goldfarb states, “As the fastest-growing provider of over-the-counter cannabinoid pet products in the world, Canna-Pet™ values our promising relationship with Cannabis Therapy Corp. which now allows us to produce the first commercial products with American-grown hemp in over 60 years.” [Read More]