Day one trading for CanaFarma Hemp Products Corp (CSE:CNFA) went well today as brokers and traders added this new entry into the Cannabis Sector. Trading in overall markets was volatile today in global markets, and we see this as a positive opening day for the company. They had the usual suspects of market makers in Canadian Markets and had decent volume considering the state of things in equity markets around the globe, we look forward to active trading for CNFA and will be updating frequently.
Volume was relatively light on Day 1, but it is good to see the trading community add CanaFarma (CSE:CNFA) to the quote screens. Keep in mind the company intends to list in Germany and Mexico during Q2 2020, and we will be updating you on the timing and progress of these listings.
The company also announced today that it added to its grow in New York State. Click here to read more about CANAFARMA (CSE:CNFA) DOUBLING OUTPUT WITH NEW FARM.
CanaFarma Hemp Products Corp (CSE:CNFA) announces that it signed a lease for 100 acres of farmland in Cato, New York. That more than doubles the size of the farm the Company had in 2019.
In 2019, CanaFarma Hemp worked a 55-acre farm in New York State and delivered 128,000 lbs. of Hemp Biomass, achieving a yield of over 2,300 lbs. per acre which is 50% better than the average farm yield of 1,500 lbs. per acre. Furthermore, the CBD potency of the Biomass was over 14% compared to the average potency of 10%, according to the company. CanaFarma Hemp is also actively looking at further expanding its Farm acreage both in New York State and in neighboring States. David Lonsdale, CEO of CanaFarma commented: “We are obviously very pleased with the harvest we achieved in 2019 and look forward to continuing this level of performance in 2020”.