The program enables hemp farmers to have access to affordable, high-cannabidiol (CBD) hemp genetics without the upfront cost of purchasing seeds prior to planting,
EcoGen Biosciences, a leading vertically integrated manufacturer and supplier of hemp-derived specialty ingredients, proprietary formulations, and private-label finished products in the United States, today introduced the EcoGen “Plant Now, Pay Later” program. The Plant Now, Pay Later program enables hemp farmers to have access to affordable, high-cannabidiol (CBD) hemp genetics without the upfront cost of purchasing seeds prior to planting, which mitigates many of the risks farmers’ face, such as depleting their capital upfront.
The program gives them the latitude to invest more into their farming operations pre-harvest. Through the program, hemp farmers are offered competitively scaled rates on EcoGen’s exclusive hemp genetics.
Participating clients have the option to:
- Purchase seeds at a discounted price if paid for upfront.
- Purchase seeds at a standardized price if paid by the end of December 2021 (after harvest).
- Pay back the purchase price of seeds in qualified biomass after harvest.
- The Plant Now, Pay Later program provides hemp farmers with the opportunity to focus financial resources on growing and processing without the financial burden often required to acquire seeds for hemp cultivation.
Garrett Bain, President of EcoGen and Chief Commercial Officer of Kadenwood, LLC. said, “As a fully integrated hemp company, with operations in genetics, cultivation, extraction, refinement, and finished goods, EcoGen has a unique opportunity to mitigate risks for fellow hemp industry members. We understand and appreciate that farmers rely on our specialized genetics in order to successfully grow first-rate, sellable crops. We believe in our genetics so much so that we are willing to take the risk on the front end, let our farmers grow with our seeds and either pay after harvest or provide the biomass as payment for the cost of the seeds”.
