Jan. 29, 2019
“We always look for a city that is open, wants us to be there and wants to embrace the opportunity,” CEO of Folium Biosciences Kashif Shan told reporters at the announcement. “We want to be welcome in the community and we felt that Medicine Hat was embracing of who we are, what we do, and wanted to make it work for us to be here.”
Headquartered in Colorado Springs, Colo., 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 business to business, bulk and wholesale supplier of hemp derived CBD 0.0% THC oil, CBD water-soluble technology, CBD 0.0% THC edibles, and CBD for animal health as certified by the state of Colorado.
Folium Biosciences ships 0.0% THC white label, bulk and finished products to customers worldwide. It 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.
In Colorado, Folium Biosciences has a 300,000 square foot manufacturing facility which supports processing, extraction and purification operations. Their brand-new, 100,000 square foot, state-of-the-art facility in Medicine Hat will mirror the current operations in Colorado.
“The fact that Folium Biosciences chose Medicine Hat as their first location in Canada is such an accomplishment for our City,” says Ted Clugston, Mayor of Medicine Hat. “The scale of their operation will have a huge impact on our community – from employment to real estate to retail. We’re excited to welcome them to our growing economy.”
Folium Biosciences’ Medicine Hat facility will be located on in Box Springs Business Park, near Aurora Cannabis’ 1.2 million square foot cannabis production facility, Aurora Sun, which is currently under construction.
“The market has created a new sector in Medicine Hat,” says Ryan Jackson, CEO of Invest Medicine Hat. “Medicine Hat is emerging as a global leader in cannabis and industrial hemp production and processing.”
Folium Biosciences’ investment in the Medicine Hat facility will bring approximately 250 new jobs, once it is fully operational. The new hemp processing, extraction and purification facility is expected to be operational in the first quarter of 2020.