Friday March 29, 2019 0 comments
BOULDER -- Seven leading business leaders announced the formation of Hemp Harvest Innovations (HHI, LLC), a game-changing approach to botanical extraction for legal cannabinoids including CBD from the hemp plant.
With patents pending for a proprietary methodology of hemp oil extraction, Hemp Harvest Innovations said it is poised to revolutionize the hemp extraction industry by eliminating chemical solvents, batch processing, and slow processing times.
Jeff Aldred, former CEO of Wild Goose Canning and Wild Goose Engineering in Boulder will lead the company as CEO. By building custom packaging equipment, Wild Goose changed the game for craft brewers and helped them enter wider markets with affordable canning solutions.
After dominating the market, Aldred and his co-founder, Alexis Foreman, sold the company to a private equity firm.
Today, the former leaders of Wild Goose have teamed up with other business leaders to form Hemp Harvest Innovations. With the passage of the recent Farm Bill by Congress, hemp is now legal to grow across the U.S.
Cannabidiol, also known as CBD, is quickly becoming one of the most sought-after components of the cannabis plant. With health benefits and medicinal components, the consumer demand for CBD products has skyrocketed.
However, the supply of CBD is stalled because of a lack of efficient processing solutions available on the market. Current technologies use dangerous solvents and cannot keep up with the scale of the demand for CBD.
“Based on scientific and engineering innovations, Hemp Harvest Innovations transforms traditional hemp oil extraction,” said Steve Bonde, the company’s chief scientist and chief operations officer.
“Our groundbreaking technology eliminates many of the traditional steps in extraction. The result is a faster process with more throughput and decreased cost.”