Future Farm Technologies of Vancouver, British Columbia recently purchased 120 acres of land in northern Maine for industrial hemp production, marking one of the largest land investments in the country dedicated to growing the plant.

“We are thrilled to be able to acquire this prime land to farm hemp as we will leverage our oil extraction techniques into the CBD business,” Future Farm CEO Bill Gildea said in a written statement.

The company also plans to lease another 100 acres for an additional operation. Maine began issuing hemp grower licenses in 2016 amid a national push to expand cultivation of a crop which can be used as textiles, oils, clothing, paper, fuel and other products.

Future Farm Technologies made recent announcements they are intending to produce cannabis oil, also known as cannabidiol (CBD) from the hemp grown in Maine to treat seizure disorders and other ailments.