GenCanna Global, Specialty Oil Extractors Form Hemp Processing Agreement
GenCanna Global Inc. and Specialty Oil Extractors have joined for a processing and manufacturing agreement. The first-of-its-kind partnership will serve as a processing solution that fulfills the needs of GenCanna’s Certified Farming Network, as well as farmers throughout the state of Kentucky.
The partnership expands the scale of GenCanna’s processing capacity and offers optionality for farmers throughout the state of Kentucky. Specialty Oil Extractors is able to process up to 800,00 pounds of hemp biomass per day and can process both dried hemp flower and whole green plants. In conjunction with GenCanna’s quality and safety regimes, this agreement sets the bar for industrial scale, high quality, and cost-efficient hemp processing and CBD manufacturing.
“Consider this our formal announcement of our Certified Farming Network hub in South Carolina. New and current farmers can contact us at gencannafarmers.com,” said Matty Mangone-Miranda, CEO of GenCanna Global Inc.
Since Governor Henry McMaster signed into law the Hemp Farming Act (H.3449), expanding the state’s hemp farming program, South Carolina farmers have embraced the new crop opportunity and are breaking into the hemp market in an impactful way.
“South Carolina is very blessed to have such strong economic development activity thriving in our state. The hemp industry is fast-growing nationwide, and South Carolina is now poised to become the hemp processing capital of the entire country,” said Governor McMaster. “With great partners like GenCanna and Specialty Oil Extractors, farmers in South Carolina will have a national network of experts to help them as they begin their journey cultivating this new crop in our state,” McMaster continued.
This year, more than 100 farmers are licensed to cultivate, handle, and process hemp with the approval of the South Carolina Department of Agriculture (SCDA). “South Carolina is uniquely positioned to play a defining role in the hemp industry, South Carolina Commissioner of Agriculture, Hugh Weathers stated. “The partnership between GenCanna and Specialty Oil Extractors gives South Carolina farmers a direct channel to work with an industry-leading processor and will hopefully generate additional acres being grown throughout our state. As interest with industrial hemp steadily grows, we remain one hundred percent committed to expanding this industry,” Weathers said.
GenCanna has partnered with nearly 60 farmers across more than 7,000 acres this year in Kentucky. When coupled with the processing needs of other farmers in the region the partnership serves as an exemplary solution for the industry’s most acute needs.
“Farmers need a trusted solution to monetize their crop and there is no better solution in the marketplace today,” said Chris Barone of SOE. “We partnered with GenCanna because we believe our goals and values align and that this collaboration significantly accelerates our trajectory. We are thrilled to enter the marketplace with industry-leading pioneers and stewards focused on quality at-scale and helping farmers farm. It’s truly an alignment of like minds.”
This partnership is an evolution of GenCanna’s vertical offering and is designed to enable the growth of GenCanna’s Certified Farming Network throughout the U.S. by adding an unprecedented scale component to GenCanna’s best-in-class position in the marketplace. The partnership is an alignment of both strategy and culture.
Outside of its agricultural base in Kentucky, GenCanna’s farming operations and partnerships span from California, Oregon and Colorado to Pennsylvania, New York and Florida.
In addition to this partnership, GenCanna is developing plans to roll out farmer packages providing farmers access to GenCanna-certified genetics and standardized SOPs. The company is also working on crop insurance and financial solutions for its farming network in 2020.
If farmers and/or companies wish to process biomass they may contact the companies at SOE@gencanna.com.