Ljubljana, Slovenia, May 31, 2019 (GLOBE NEWSWIRE) — RAFARMA PHARMACEUTICALS INC. “OTC:(RAFA)”, a Wyoming Corporation, is pleased to announce approval of its application for farming cannabis in Slovenia through its wholly-owned subsidiary (Green Drop D.O.O.). The Application was one of only three accepted and approved by the Ministry Of Agriculture, Economy And Food Of Slovenia. This year, Rafarma will be cultivating two fields of cannabis to be used exclusively for Rafarma’s products. Rafarma already had 3,000 square meters of cannabis farming land and has just acquired an additional 7,000 square meters from partner companies. Rafarma plants the seeds at a distance of 2m so that plants are well ventilated and have a place to grow. A new irrigation system has been installed to maintain production during summer.
Rafarma expects to raise approximately 20,000 seedlings in the month of June. The yield will be about 8,000 peaks, of which approximately 70% of the CDB resin can be obtained. The fields will be harvested in August of this year.
Rafarma is rolling out new products which it expects will achieve substantial growth in shareholder value and bring additional satisfaction to our loyal customers. These new, wholly-owned production fields will bring higher quality and lower costs to Rafarma’s line of hemp tea, CBD resin, CBD oil, CBD crystals, CBD balms, liposomes and CBD gel.
“Demand for the company’s products with Cannabis increases at an incredible rate. Rafarma has prepared to meet this demand with these new cannabis growing fields. The company is currently under negotiation to purchase additional land in the surrounding areas”, according to Rafarma CEO Srečo Bojt.
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