April 21 (Reuters) - Liberty Leaf Holdings Ltd LIB.CD :
* SAYS SUBSIDIARY JUST KUSH ENTERPRISES LTD, A FEDERALLY-LICENSED PRODUCER OF CANNABIS, HAS INITIATED ITS FIRST CROP OF PLANTS
* SAYS ANTICIPATES THAT FACILITY WILL BE RAMPED UP TO FULL CAPACITY WITH STAGGERED INITIATION OF PRODUCTION OF AN ADDITIONAL 3 LOTS OF PLANTS WITHIN COMING MONTHS
* SAYS FIRST CROP IS A POTENT, KUSH DOMINANT HYBRID STRAIN (>20% THC)
* SAYS CUTTING COSTS AND REDUCED COMPENSATION TO OUR BOARD OF DIRECTORS BY 50% IN RESPONSE TO COVID-19