HMI and The Bast Fiber Corps Institute of Chinese Academy of Agricultural Sciences successfully signed an agreement for their strategic cooperation on June 13th. The two parties will conduct in-depth cooperation in the exploration and application of industrial hemp seed source with high purity CBD.
The primary goal during the cooperation is to improve the CBD active ingredient to 15% in the new seed source (“Hanma No.1”). Industrial hemp seed resource is the foundation and core of industrial hemp product chain.
According to the agreement, the two sides will keep the relationship as exclusive partners for more than 10 years, which indicates HMI has stepped into national hemp seed resource protection and development.
With the industrial hemp management ordinance gradually issued in Yunnan and Hei Longjiang provinces of China, HMI witnessed a rapid development of Chinese industrial hemp.