The certification is designed specifically to educate hemp farmers and producers about Food and Drug Administration Current Good Manufacturing Practices (cGMP) and Good Agricultural Practices (GAP) to ensure that consistent quality is achieved. The U.S. Hemp Authority Certification Program is administered by experienced quality assurance and verification professionals from industry-leading food and agricultural companies. The certification is audited by Validus, a division of Where Food Comes From, Inc., a leading provider of certification and verification services.
Forty-five percent of those surveyed said they would trust products that are commercially made to be safe. But, despite having trust in commercial cannabis products, 42% said they would prefer to buy from a small batch producer. According to the survey, consumers said the top four CBD food-and-drink products consumers are interested in are: baked goods (48%); candy/gummies (45%); snacks (44%); and non-alcoholic beverages (41%).
The company launched a 750mg full spectrum advanced absorption tincture and received its first purchase order from a customer in the health and nutritional medical space, a market vertical the company is currently focusing on building out, and one that Hemp Business Journal estimates will be the fastest growing market in the hemp-derived CBD space over the next four years. Our products feature a unique, readable QR code that traces the product from seed/strain/farm/plot to finished good, accompanied by a 3rd party laboratory Certificate of Analysis and Material Safety Data Sheet that should be well received by pharmacists and medical professionals alike when recommending CBD products.”
From the Seed to Final Product
The company originally was founded to develop point-of-care health diagnostic tools, but it has since moved into the burgeoning CBD market, especially after the passage last year of a federal farm bill that lifted federal restrictions on hemp farming.
Exactus has partnered with Ceed2Med, a Florida-based company that extracts and processes CBD from hemp grown in Oregon. Ceed2Med acquired a controlling ownership interest in Exactus in January.
Jeffrey Yarosz of Primal Equity Partners and CFO of 4TF
4 Twenty Financial takes orders from multiple customers and binds them into a cooperative purchase agreements with extraction labs. This allows us to secure cost plus % pricing and provide at lab pricing for our customers. 4TF has build a network of US based extraction laboratories. With that network we have put in place pricing and purchase agreements, to offer below wholesale pricing.
4TF, based in Medford, Ore., is set to harvest 2,000 acres of medical-grade hemp from a network of hemp farms in multiple states for CBD use. CBD oil, a plant extract of hemp, is valued as a vitamin supplement. Primal Equity, a Chicago-based investment advisory firm with offices in Pittsburgh, is raising capital for the Oregon-based medical hemp producer 4TF Investments.
VANCOUVER, Feb. 28, 2019 /CNW/ – EMPOWER CLINICS INC. (CSE: EPW) (Frankfurt 8EC) (“Empower” or the “Company”) today announces it intends to open a fully functioning hemp-based CBD extraction facility in greater Portland, Oregon in Q2 2019 with the first extraction system expected to have the capacity to produce 6,000 kg of extracted product per year.
CBD Market Demand The passing of the US$867 billion Agriculture Improvement Act (the “Farm Bill“) has created an opportunity for the production and sale of a variety of CBD-based products. Recent reports and studies indicate the approval of the Farm Bill could create a US$20 billion industry by 2022 as reported by Brightfield Group.
Facility Specifications A new 5,000 sq. ft. steel-framed leased facility on a concrete slab with high ceilings in an industrial park located 40 minutes southeast of Portland airport. Built to specification internally to optimize CBD extraction production and expected to use 200 kg of hemp biomass per day to produce 20 kg of CBD extract. The facility is expected to meet all licensing, permit and safety standards for operating and be designed to house up to four of the HPLC extraction systems and 1,000 sq. ft. of CBD product manufacturing.
Effects of CBD CBD affects the body through interactions with the body’s endocannabinoid system found in all mammals. The endocannabinoid system is tasked with regulating a wide variety of bodily functions, such as mood, appetite, sleep, hormone production, and even nervous system and immune system responses.