Chai-Na-Ta Corp.-- Another Record Harvest for World's Largest Ginseng Grower; 52 percent increase.LANGLEY, British Columbia--(BUSINESS WIRE)--Nov. 29, 1995-- Chai-Na-Ta Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CCCFF TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CC ) is pleased to announce that its farming subsidiary, Chai-Na-Ta Farms Ltd., has harvested a record 483,000 pounds of ginseng ginseng (jĭn`sĕng), common name for the Araliaceae, a family of tropical herbs, shrubs, and trees that are often prickly and sometimes grow as climbing forms. root, an increase of 52 percent over the 1994 harvest. Chai-Na-Ta Farms harvested 200 acres in 1995, averaging in excess of 2,400 pounds per acre. The harvest results, from both the British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography and the Ontario farms sites, are better than forecasted. The combined average yield per acre is approximately 18 percent greater than the average yield from the 1994 harvest. Chai-Na-Ta Corp.'s President and C.E.O., Gerry Gill states, "We are pleased with the results of this year's harvest. The quality of the root is the best that Chai-Na-Ta has ever produced. The combination of our increased yield and strong industry prices for North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. ginseng makes us confident that Chai-Na-Ta will again achieve record financial results". Chai-Na-Ta Corp., through its subsidiaries, is the world leader in the cultivation of ginseng root and a worldwide marketer of ginseng value-added products. CONTACT: Chai-Na-Ta Corp. Gerry Gill, Russell Vatcher, 800/406-7668 604/533-8883 or Barretto Pacific Corp. Landon Barretto, Adele Lang, 206/583-8370 |
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