This potash producer will help marijuana growers get a better product
Canada’s IC Potash Corp. (TSX:ICP) is creating a new research and development subsidiary called ICP Organics to focus on enhancing yields for cannabis growers and increasing the health impact and effects for consumers.
The freshly formed company will invest up to Cdn$1 million into a number of facilities and companies with the intent of generating revenues and profits by the first quarter of 2018, IC Potash said in the statement.
The Toronto-based company expects ICP Organics to become a new revenue source as the potash market continues to struggle, with prices for the fertilizer ingredient trading close to a ten-year low due to a glut of global supply.
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