Asia Cannabis Corp, producer of hemp fibers, is entering South East Asia via a cooperation with the flower breeders of AmeriSeed Group, a Thai company. They signed a Memorandum of Understanding in order to make steps in the development of seed and plant production techniques relating to hemp and other plants with medicinal, practical or other benefits.
"The parties are prepared to jointly provide managerial input, equipment, intellectual property and material to facilitate the operational needs of such a project in Thailand or wherever the parties determine is a viable venue for such an operation", they say. In what form the collaboration will take place, a company on its own, a joint-venture or another way, is to be decided yet.
The Thai market is of relevance as it is said to be one of the most forefront countries in Asia when it comes to medical cannabis legalisation. This week it was announced that CBD-containing products are declassified from the narcotics list.
AmeriSeed and Asia Cannabis Corp
AmeriSeed engages in research and development activities as well as general operations in Chiang Mai, Thailand, and has expertise in the application of plant genetics, seed production and technology, plant production, sales and market dynamics. The company has an record of operations in Thailand and elsewhere with worldwide sales of seed and plant products.
The collaboration of ACC and AmeriSeed will give the companies access to senior level engineering and technical teams to foster project development and provide access to significant and unique technical and associated scientific data, equipment and infrastructure. Managements of both parties are confident that this collaboration will result in an increase in options in the greater region relative to expansion of the hemp-based food, fibre, fuel and foundation initiatives.
In commenting on this development, David Pinkman, CEO of ACC, stated: "Both companies hold similar aspirations for the development of a progressive and positive hemp industry in the Southeast Asian region, and the technical and practical abilities of their respective teams are not only complementary, but also provide the solid foundation to create state-of-the-art and market leading hemp research and development programs. We look forward to a long and fruitful business relationship with this group."
For more information:
Asia Cannabis Corp
Chief Executive Officer