San Diego, CA, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Upper Street Marketing Inc. (OTC Market, trading symbol UPPR) and its wholly-owned subsidiary, Growing Springs Holding Corporation, has announced the completion of the harvest of its hemp biomass crop.
In line with our vision to ensure a sustainable supply of raw materials for consumer-facing CBD products, hemp and CBD firm Upper Street Marketing (OTC: UPPR) recently announced the completion of the cultivation and harvesting of its various 2019 hemp crops.
The approximately 2 million pounds of hemp biomass crops have been cut from the UPPR fields in Colorado and are stored in the 100,000 square foot building in Center, Colorado.
CBD content COA’s have tested in various ranges with several testing over 10% CBD content. All 2019 crops have tested in 100% compliance with Colorado law regarding THC levels.
Joe Earle, the CEO of Upper Street and Growing Springs, said, “We are very pleased with our first hemp crop and the results of the testing for CBD content and low THC content. This is a crop that is very well suited to being extracted and turned into very valuable CBD crude oils, CBD isolates and CDB distillates. With what we have learned this year, we are very confident that we can expand our acreage for 2020.”
For Further Information Contact:
Upper Street Marketing Inc.
Phone: (844) 535-UPPR (8777)
Email investorrelations@upperstreetmarketing.com
About Upper Street Marketing and CBD
An estimated 7% of Americans are currently consuming CBD products, with that population conservatively expanding 30% (to 45 million adults) by 2025. Now fully legal as a non-psychoactive product of industrial hemp, CBD has been promoted as an effective treatment for everything from arthritis to insomnia. To date, the only FDA-approved uses are for two rare forms of childhood epilepsy. With one of the only integrated “seed to consumer” platforms for participating in all phases of the industry from crop to value-added commercial and clinical product development, UPPR intends to be a leader in FDA cGMP (Current Good Manufacturing Practice) capabilities in the hemp and CBD marketplace.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions, as they relate to the Company or its management, identify forward-looking statements. These statements are based on current expectations, estimates, and projections about the Company's business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. Such statements could be affected by risks and uncertainties related to: (i) our ability to execute the Company's business plans with the uncertainty of agricultural crops (ii) product demand, market, and customer acceptance of the Company's products, (iii) the Company's ability to obtain financing to expand our operations, (iv) the Company's ability to attract qualified sales representatives, (v) competition, pricing and development difficulties, (vi) the Company's ability to conduct the business if there are changes in laws, regulations, or government policies related to the Company's products, (vii) the Company's ability to conduct operations if it faces product recalls, and (viii) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.