Citation Growth has provided an update regarding the company's operation in Nevada. "The addition of multiple advanced genetics to our established Cannabis Genetics Breeding Program (the “CGBP”) compliments our hybrid strain, Superglue, which was awarded the 1st place High Times Cannabis Cup winner eight weeks ago in Las Vegas," the team with the company explains. "Citation expects to continue to build a superior genetics library of strains that will be enhanced by proprietary organic grow methodologies."
“I’m excited to begin working immediately on a number of key priorities that support our business strategy. Citation Growth has built a truly strong foundation for the future, including award-winning premium organic brands, industry-leading cultivation methodologies and a dedication to operational excellence,” stated newly appointed CEO Erik Anderson. “We have a tremendous opportunity to drive profitable growth and cash flow by expanding our market position across all market segments and with new strains and product forms – and this work is already underway in our Nevada operations. The company is currently looking at non-dilutive financing options to expand our Nevada operations to meet the ever growing demand.”
"The Nevada adult recreational market – and specifically the Las Vegas market – demands high THC dominant varieties. Citation is extremely proud to be providing consumers with our clean, triple-certified organic products, which consistently yield test results between 23-32% THC. To fulfill the “entourage effect,” our Café Fiore genetics tested with a higher than average inclusion of the cannabigerol molecule, CBGa. Researchers are further exploring CBG to treat bacterial infections such as MRSA, glaucoma, neurodegenerative conditions and tumors."
CBG can cost upwards of approximately $10,000 per pound while the same amount of CBD is priced around approximately $1,800 per pound. “The breeding focus for our US and Canadian operations is the implementation of potent, effective cannabinoid profiles that are not only enhanced but intensified with our shared organic cultivation methodologies,” confirmed Anderson. “In advance of US federal legalization, we are solidifying our position in the market to provide full spectrum flower and distillates to connoisseur consumers and medical patients across North America.”
For more information:
Citation Growth Corp.
citationgrowth.com