MORRISVILLE, N.C., March 14, 2019 /PRNewswire-PRWeb/ -- Root Bioscience and Greenfield Agronomics are partnering to launch the largest hemp processing, storage and extraction facility in North Carolina.
The new Green Root Extraction Services (GRES) alliance will increase access to national markets and resources while providing a farmer-to-farmer support network currently limited in the Southeast. Additionally, the collaboration will provide regional cannabis processing companies with a reliable source for top-quality hemp flower and crude oil.
"The national hemp and CBD markets are growing rapidly with the passage of the 2018 Farm Bill, and there is significant need for a large, centralized drying, extraction, storage and sales facility for local farmers," said Garrett Perdue, CEO of Root Bioscience. "With unmatched agricultural, university and life science resources, North Carolina is poised to become the epicenter of the East Coast hemp industry. We have known the families who make up Greenfield Agronomics for decades, and this new company is the result of our deep trust and confidence in each other."
GRES currently operates a 65,000-square-foot processing plant in Windsor, North Carolina. The facility, in operation since North Carolina's inaugural 2017 growing season, is poised to be one of the five largest plants in the mid-Atlantic, featuring streamlined processing from field to final product while developing technologies and custom-built equipment that have been implemented to continually improve the harvesting, drying, storage and extraction processes of harvested hemp flower in order to achieve efficient and effective preservation of its valuable cannabinoids and terpenes. Extraction is accomplished using a proprietary cold ethanol procedure constantly being improved upon with the latest technologies available.
"As hemp growers, we built this new company to be responsive to farmers and to create a unifying standard for best practices in cultivation, genetics and extraction," said Fen Rascoe, Member Manager of Greenfield Agronomics. "Currently, most North Carolina farmers have limited access to national markets and must rely on inaccurate, inconsistent and unregulated hemp flower valuation methodologies. Green Root's philosophy of 'farmers first' will aid in its commitment to see that growers be fairly compensated for their crops."
Demand for hemp CBD is expected to sharply rise with the passage of the 2018 Farm Bill, reaching $22 billion by 2022 according to the Brightfield Group. For more information, visit http://www.rootbioscience.com
About Root Bioscience:
Root Bioscience manufactures hemp-derived health and wellness products in a GMP compliant facility located in Research Triangle Park, NC. Its production team delivers a science-driven approach to the nascent cannabis industry and plant molecular biology, biotechnology, biochemistry, nanomaterials, pharmaceutical formulation and product development are core areas of expertise. For more information, visit http://www.rootbioscience.com and follow the latest Root Bioscience news on Facebook, Twitter and Instagram.
About Greenfield Agronomics:
Greenfield Agronomics is a collection of North Carolina farmers in their continuous third year of hemp cultivation - many of whom help fund the necessary monetary requirement to initiate North Carolina's Industrial Hemp Pilot Research Program in 2016.
SOURCE Root Bioscience
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