Subject: CXP
Global Hemp Industry Leader Folium Biosciences Brings 150 - 200 Jobs To West Pueblo
COLORADO SPRINGS, Colo., Feb. 25, 2019 /PRNewswire/ -- Following last month's announcement of their first international facility in Canada, Folium Biosciences announced yet another major expansion: a 110K sq. ft. FDA registered facility in Pueblo, Colorado.
"With our industry rapidly pivoting toward mainstream food and beverage markets, purchasing an FDA registered facility made complete sense," said CEO Kashif Shan. "Five years of experience in this space has led us to identifying the proper partnerships, equipment and systems to execute with efficiency and optimum output."
The extraction and purification facility will house five SFE CO2 extraction skids with a 350 metric ton biomass monthly capacity. A patent pending decarboxylation & terpene collection set-up, high capacity evaporators, filtration skids, and a 50 ton CO2 bulk tank are just some of the many state-of-the-art pieces of auxiliary equipment that will increase the company's output capacity exponentially. Also acquired were 18 refrigerated delivery semi trucks.
Folium Biosciences' unrivaled chromatographic purification process is able to selectively remove the only psychoactive component, Delta 9-THC, from their oil resulting in 0.0% THC products, as certified by the State of Colorado.
"I am excited that Folium Biosciences has chosen to expand their business to a new facility in our community that will bring good-paying jobs to southern Colorado," said Colorado Senate President Leroy Garcia. "I also look forward to exploring how the state can work together with Folium Biosciences to address the growing opioid epidemic and get Coloradans the help they need."
"Our arrival creates 150 - 200 highly qualified jobs for Pueblo West and we hope to positively impact the community by contributing to their growing economy," Shan added. "We have other international expansion partnerships in progress and look forward to announcing future plans soon."
About Folium Biosciences:
Folium Biosciences is the largest vertically-integrated producer, manufacturer, and distributor of hemp derived phytocannabinoids in the USA, if not the world. It is a B2B, bulk and wholesale supplier of hemp derived CBD 0.0% THC oil, water-soluble technology, 0.0% THC edibles, and CBD for animal health.
300K sq. ft. of manufacturing space in southern Colorado supports processing, extraction, and purification operations. Construction has begun on a 170K sq. ft. facility in Canada that will mirror current Colorado operations.
Folium Biosciences has been certified by the Colorado Department of Public Health and Environment as a producer of 0.0% THC products and has been issued Free Sale Certification.
SOURCE Folium Biosciences
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