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Geonovus Establishes Uruguayan Hemp Farm and Receives “De Alta” Licence

VANCOUVER, BC–(Marketwired – October 30, 2014) – GEONOVUS CORP. (CNSX: GNM) (“GeoNovus” or the “Company”) is pleased to announce it has now established an active heirloom hemp farm for the cultivation of hemp plants with original levels of THC and Cannabinoids that are currently restricted and unavailable in North America. This farm is growing heirloom hemp plants without genetically altered structures with naturally high levels of cannabinoids, unlike the genetically modified hemp plants found in North America due to government restrictions on THC levels.

The production heirloom hemp allows GeoNovus to grow, crop and sell these unique and valuable plants that can be used to create new high potency CBD medicines in world class Uruguayan labs or to generate immediate revenue through sales of seeds and hemp fiber to North American and European markets. These genetically unaltered hemp plants require far fewer pesticides, herbicides and fertilization then their genetically modified counterparts found in North America. Current Canadian hemp production statistics are based on low THC plants that require far more intensive farming systems and produce far less cannabinoids, seeds and hemp fiber — creating a far more profitable and less cost intensive farming operation in Uruguay. [Read More]

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