Bougainville has entered into a financing and profit-sharing agreement with Worm Castings Farms Inc. (“The Farm”).
The Farm is the owner of an Oregon State Hemp production and processing license on 10 acres of farmland.
The Farm anticipates building a 5,000 square feet facility with a full spectrum of extraction equipment, for distillate and isolate.
The processing plant is expected to be operational by the fourth quarter of 2019.
The foundation for the drying facility has been built and negotiations have started for a world-class processing facility and state-of-the-art lab to process hemp for surrounding farmers.
The Farm is planting 28,000 plants with a proven top soil mix which increases plant growth by 20% and is pesticide and chemical free.