Acacia Diversified Holdings, Inc. (OTCMKTS:ACCA) Files An 8-K Other Events
Item 8.01 Other Events
Acacia Diversified Holdings, Inc. (“Acacia” or the “Company”) (OTCQB symbol: ACCA), an emerging industrial hemp company, is announcing its partnership with Tennessee State University (“TSU”) for potentially groundbreaking hemp research.
Dr. Ying Wu, Associate Professor of Food and Animal Science at the College of Agriculture of TSU, has begun working on investigation of phytochemical profiles in hemp seeds, oils and extracts, and their related health benefits. The goal is to develop some health promoting product using the cutting-edge technologies and provide reliable data of nutrients and phytochemicals in different hemp varieties. Eufloria Medical of Tennessee, Inc. (Eufloria), is a wholly-owned subsidiary of the Company and will be manufacturing material for the university study. Eufloria is a vertically-integrated hemp operation, a unique model of operations in Tennessee.
The research partnership will seek to create a whole-plant encapsulation method that would be used in both food and drink. The Company aims to create a safe and chemical-free vehicle to obtain the health benefits of the whole-hemp plant into virtually anything from food and beverages to topical creams. The TSU research could produce innovative ways to obtain whole plant extract.
Acacia Diversified Holdings has a wholly-owned subsidiary for growing hemp called Eufloria and it uses its processing and manufacturing company, MariJ to create consumer products for distribution under the Eufloria brand. Dahlia’s Botanicals is another part of the Acacia portfolio, with a portion of sales from its U.S.D.A Certified Organic Hemp product going to the Cannamoms organization.