IC Potash Establishes ICP Organics for Research and Development into the Application of Organic Fertilizers for Cannabis Production
IC Potash (TSX:ICP) has announced the creation of a new research and development subsidiary called ICP Organics will focus on cannabis cultivators and increasing the health impacts and effects for consumers.
As quoted in the press release:
ICP Organics will invest up to $1M CAD into a number of facilities and companies with the intent of generating revenues and profits by Q1 2018. ICP Organics will become a revenue source for ICP by investing in the Cannabis sector and organic fertilizers.
Healthy consumption of Cannabis starts with organic growing practices. IC Potash has identified and is in discussions with some of the leading Cannabis growers to test and study organic fertilizers across different environment types and Cannabis strains.
“With the rise of medicinal and recreational Cannabis, there has been increased consumer awareness towards the presence of pesticides and other dangerous chemicals that have been found in Cannabis sold throughout Canada and around the world. IC Potash is forming partnerships with the leading Cannabis cultivators and producers to test the use of organic fertilizers which have the added benefit of increased yield. This space has significantly lacked R&D, allowing ICP Organics to be the first formal R&D program of its type. Upon completion of the R&D program, ICP Organics will patent its formulations and move towards offtake agreements with select growers,” stated Mehdi Azodi, CEO of IC Potash.
There have been numerous recalls by Health Canada due to banned pesticides found in the Cannabis producers’ supplies. Today, more than ever consumers are focused and informed on what they are ingesting into their bodies through the use of Cannabis.