Eternal Energy to grow cannabis and hemp using greenhouse technology
Eternal Energy Plc, a company committed to producing clean energy, and its partners are developing precision farming techniques to grow medical-grade and food-grade hemp and marijuana in greenhouses that could generate 100 million baht next year.
EE Plc president Worasak Kriengkomol said the company has been working with its subsidiary, Cannabiz Way Co Ltd, and partners AgrowLab Co Ltd and AgrowPlus Co Ltd to develop greenhouse planting technology for growing hemp and marijuana.
The indoor planting will use precision farming technologies and the planting will be carried out at greenhouses at the Cannabiz Way Valley in Wiharn Daeng district of Saraburi province.
Worasak said EE realises the potential growth of cannabis and hemp product businesses with growing demands in the country and abroad so the company had decided to invest in product quality marijuana and hemp buds for use as material.
Worasak said EE has decided to cooperate with Agrow Group to develop a greenhouse planting technique. Agrow Group in turn assigned its subsidiary AgrowLab to design greenhouses for growing hemp and marijuana.
AgrowLab, which has advanced agricultural technologies, will use its precision farming knowledge and AI and Internet of Things technologies to control the environment in the greenhouses and to monitor and track the marijuana and hemp plants to water and put fertilizer for the plants.
Worasak added that the project has been advised by Kasetsart University to ensure that the hemp and cannabis leaves and buds would meet medical-grade and food-grade quality.
He said that AgrowPlus, which is an expert in developing comprehensive agricultural product businesses, will help market the products from the farm.
EE expects to be able to grow about 16,000 hemp and cannabis plants within one year and it would make about 5 tonnes of dried buds.
During the first phase, the company expects to earn about 100 million baht and the income would be realised next year, Worasak said.
He said he is confident that the cooperation with Agrow Group would allow EE to realise its goal of upgrading its businesses to the new S-Curve industries.