Hemptown USA grows high-grade feminized hemp and produces full-spectrum CBD and CBG crude and distillates, aiming for higher yields than industrial hemp. The company reported a first-year yield of 110,000 lbs of feminized hemp biomass and a projected average gross margin greater than 77% from its 2018 harvest. It is one of the largest CBG producers in the U.S., having purchased 1 million rare CBG seeds for the 2019 growing season and USD$5.5 million worth of Oregon CBD seeds. Hemptown USA is operating on roughly 1,500 acres across Oregon, Kentucky and Colorado with the capability to more than double acreage in 2020 and beyond. Its near-term plans include building out processing and extraction facilities, expanding R&D to farm novel cannabinoid strains (CBC, CBDV, CBGV) through 2022, acquiring a GMP-certified nutraceutical facility, and entering the consumer packaged goods sector with branded products.

Total raised

$17M

Funding rounds

1

Latest round

Equity

Latest activity

May 2019