Source: The Cannabist
‘CBDRx 2.0’: The company names Tim Gordon as CEO and is building a multi-use facility in Weld County for expanded production of hemp oil, foods and other products
Colorado hemp firm CBDRx LLC, now under new executive leadership, is selling its small hemp farm in Longmont and building out a new production facility as part of a broader restructuring of its operations.
“We’re launching what I call CBDRx 2.0,” said Tim Gordon, who was named CEO earlier this month after a shakeup in management at the firm that makes hemp oil, derivatives and finished products.
In addition to a multi-acre greenhouse in Pueblo, CBDRx is building a 6,500-square-foot facility east of Longmont in Weld County that will house a laboratory, offices and food-grade production, he said. Adjoining the facility will be greenhouse operations to produce high-yield plants, company officials announced Monday.
The new facility will allow CBDRx to manufacture a variety of white-label and private-label hemp-based oil, foods, topicals and other finished products in addition to its own lines of products, he added. The private- and white-label partnerships would be new ventures for the firm, he said.
“We’re starting to see a lot of interest, especially for products in the natural foods area,” he said.
The facility is expected to come online and start churning out products by early 2017, he said, adding that he already is looking to 2020 and beyond by developing a multi-use cultivar with a high level of cannabinoids, a “crazy amount” of seeds, and strong fibers that could be used for non-woven textiles.