Asia Green Biotechnology Corp. announced that InPlanta Biotechnology Ltd. has been granted its first full registration of a unique and proprietary hemp variety on Health Canada's list of approved cultivars. This variety has been in development over a four-year period, and was in the approval process for the past year and is designed to add a significant new element to the agronomic base for hemp production in Canadian as well as relevant international market places. To be produced and marketed under the brand name "Bountiful", this cultivar will be the leading hemp-based source of CBD oil with an average recovery rate of CBD in the range of 5%. The Bountiful cultivar represents a significant step forward in providing the market with robust, hardy seeds with high yield potential. Developed with a focus on outdoor growing environments, this new variety is considered a triple purpose crop, providing high yield of biomass for CBD oil production, high yield of seeds for human consumption, and relatively high yield of fiber. Given the high-CBD content of this variety which can be extracted from a large proportion of the plant's biomass, the Company and InPlanta expect to be able to address the significant demand for CBD oil for the recreational and medicinal market, while simultaneously fulfilling the significant demand for CBD oil in Asia. In addition, this operational milestone champions Asia Green as a principal supplier of unique and important hemp cultivars and advances the Company's efforts to establish distribution channels in Thailand, Cambodia and other significant markets throughout Asia. Through its license agreement with InPlanta, Asia Green has access to this exciting new variety for sale and delivery to its licensed Asian territory and expects to facilitate orders for bulk quantities sourced from the upcoming Fall harvest. Thanks to developments such as this, the Company continues to successfully implement its business plan in SE Asia and intends to conduct research activities into the viability of this and other cultivars in the SE Asian climatic zone through its recently announced association with Prek Leap National Institute of Agriculture in Phnom Penh, Cambodia ("Prek Leap"). Prek Leap officials and members of the Asia Green team in Cambodia are the process of finalizing protocols for this research activity at this time. Similarly, the Company expects to advance understanding of the applicability of the Bountiful variety in Thailand through its existing joint venture with Ameriseed Group of Chiang Mai. Within the context of these research activities, Asia Green also intends to explore the wide-ranging potential to apply sustainable practises in the use of varieties such as Bountiful. Both the hardiness of this variety and the exceptional level of harvestable biomass make it a strong candidate for biofuel applications, and the known attributes of hemp plants for soil remediation will contribute to Asia Green's commitment to meeting recognized ESG standards.