Stocks in Play: Terrace Global Inc. - InvestingChannel

Stocks in Play: Terrace Global Inc.

Wednesday, April 22, 2020

12:57 PM EST – Terrace Global Inc. : Provided an operational update at its hemp cultivation sites in Uruguay and Spain. “Terrace Global is fortunate to have a very strong balance sheet with approximately $17 million in cash at year end. Given the cyclical nature of our outdoor cultivation operations, we have the ability to scale-up and scale-down operations without impacting our long-term business plan. Our current focus is on receiving the requisite approvals in Portugal to commence construction of our medical cannabis greenhouse facilities in Portugal,” commented Francisco Ortiz von Bismarck, Chief Executive Officer of Terrace Global. In 2019, Oransur planted four varieties of hemp in San Fernando, Uruguay, including two high-CBD strains sourced from Colorado – Cherry Wine (10% CBD) and Cherry Blossom (15% CBD) in accordance with Good Agricultural and Collection Practices (GACP). Pharmabinoide has recently completed its second outdoor hemp harvest in Jaen, Spain. Pharmabiniode successfully planted approximately 20 hectares of European certified hemp genetics (Future, Fedora and Felina) in early April 2019. These three varieties resulted in approximately 30 tonnes of biomass for extraction. Terrace Global Inc. (V.TRCE) shares were unchanged at 0.13.

Stocks in Play: Terrace Global Inc., Wed, 22 Apr 2020 01:12:58 EST