Nevada-based Freedom Leaf, Inc. says it has acquired what it expects to become the largest indoor hemp nursery in Europe, if not worldwide.
According to Weed News the international company purchased a former poinsettia nursery, a 430,000-square-foot greenhouse complex, in Valencia, Spain for €4,100,000 ($4.75 million).
The article says Freedom Leaf is expecting 100,000 plants to be harvested in this first summer crop, with a yield of between 200 to 400 grams per plant. In Europe, hemp bud is reportedly selling for between €45 ($52.11 US) to €$450 ($521.00 US) per kilogram, depending on the product’s seed stock and strain.
“With this acquisition, Freedom Leaf intends to become the largest indoor hemp producer in Europe, where there is a booming market for CBD products,” Freedom Leaf co-founder and CEO Clifford Perry told Weed News.