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Kim Kovacs of Santa Fe Farms
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Kim Kovacs is the chief strategy officer at Santa Fe Farms, a leader in the development, production, extraction, manufacturing and distribution of hemp products. She was formerly the CEO and chair for the Arcview Group, a cannabis and hemp financial firm. We we took the opportunity to speak with her about “socially-conscious investment” in the hemp industry.
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ALBUQUERQUE, N.M. Santa Fe Farms announced last week that it has acquired High Grade Hemp Seed, a Colorado-based company that specializes in producing and selling hemp genetics.
The acquisition is intended to help Santa Fe Farms grow its portfolio of hemp-centric companies in order to help the industry develop on a global scale, according to a news release from the New Mexico-based hemp company.
For Santa Fe farms, which is developing a vertically integrated hemp company, High Grade provides plant genetics to help the company grow. For the Colorado company, joining Santa Fe Farms provides a strong foundation in the supply chain side of hemp agriculture, as well as a springboard into industrial hemp, according to the release.
LONGMONT HGH Seed Inc., a Longmont hemp-genetics company doing business as High Grade Hemp Seed, has been acquired by New Mexico-headquartered Santa Fe Farms LLC.
“There are multiple benefits in becoming part of the Santa Fe Farms ecosystem,” HGH founder Bodhi Urban said in a prepared statement. “High Grade has had a goal of expanding into the industrial hemp space. It feeds nicely into the Santa Fe Farms ecosystem that has ties to industrial research, as well as the ongoing pursuit of genetics for CBD as an ingredient. Aside from the economic and growth benefits for both companies, we are all committed to powering a global supply chain for a better, healthier and more sustainable world.”
Press release content from Business Wire. The AP news staff was not involved in its creation.
Santa Fe Farms Acquires High Grade Hemp Seed
March 10, 2021 GMT
SANTA FE, N.M. & LONGMONT, Colo. (BUSINESS WIRE) Mar 10, 2021
Santa Fe Farms, an emerging regional, national and international leader in the development, production, and distribution of THC-free cannabinoids and other important industrial hemp products, announced that it has acquired High Grade Hemp Seed, a global leader in the production and sales of premium hemp genetics. The acquisition is part of its hemp ecosystem growth plan, to strengthen its portfolio of hemp-centric companies, with the goal of elevating the hemp industry on a global scale and maximizing its impact on the planet and its people.
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