Benchmark Botanics has signed a cooperative agreement with China Bast and Leaf Fibres Textile Association(CBLFTA) to research, develop and promote the products and commercial applications for the Cannabis Sativa (hemp) industry.
"The cooperative agreement encompasses research projects, educational and promotional activities for all underlying patents, standards, technologies, and applications as well as industrial and consumer products," the team with the company explains. "Benchmark will set up a reward program to encourage this development and to incentivize contributors."
China Bast and Leaf Fibres Textile Association (CBLFTA) is a national organization founded and registered with Ministry of Civil Affairs in 1988. Currently with 300 members, CBLFTA represents all entities involved in China's hemp industry. Members include farmers, processors, manufacturers, researchers, entrepreneurs and marketers. The key functions of the CBLFTA are to liaise with governments and stakeholders to develop policies and standards; disseminate information, promote the use of industrial hemp and coordinate research and marketing activities.
'In addition to our core competence in medical and adult-use cannabis, Benchmark further recognizes the vast commercial value of hemp fibre and its byproducts . Partnering with an organization that represents China's fibre industry and that understands all aspects of hemp product development, will provide Benchmark Botanics with significant advantage in China's market.', said William Ying, CEO of Benchmark Botanics. 'I am pleased to foresee this cooperation paving the way for long-term success and fulfill Benchmark's vision of setting the benchmarks for the industry.'
For more information:
Benchmark Botanics
Suite 105, 6111 London Road, Richmond, BC, Canada, V7E 3S3
+1-604-238-0005
[email protected]
benchmarkbotanics.com