Folium Biosciences announced that it has completed the buildout and received a Certificate of Occupancy for the world’s largest cannabinoid extraction and purification facility, located in Pueblo West, CO.
Folium Biosciences (Colorado Springs, CO) announced that it has completed the buildout and received a Certificate of Occupancy for the world’s largest cannabinoid extraction and purification facility, located in Pueblo West, CO. The new facility is 110,000 square feet, and will product up to 22,000 kg of THC-free broad spectrum CBD oil each month in order to satisfy accelerated demand from CBD product manufacturers worldwide. The plant has dedicated production lines to meet CBD regulatory requirements in the U.S., European Union, Japan, South Korea, and other countries.
Purpose-built for extraction, purification and formulation of cannabinoids and terpenes, the plant will utilize supercritical carbon dioxide (sCO2) extraction technology exclusively to produce phytocannabinoid-rich 0.0% THC broad spectrum CBD oil. Adhering to a continuous process from decarboxylation to extraction allows for a revolutionary inline terpene capture system.
“This past year really has been a ‘survival of the fittest’ moment for the CBD industry. Pandemic-related economic uncertainty has forced many manufacturers to cut back operations or completely go out of business,” explains Folium chief executive officer and co-founder Kashif Shan, in a press release. “I’m proud to say that Folium has moved aggressively in the other direction — looking at 2020 instead as a year to invest and solidify our leadership position. Completing construction on this new world-class manufacturing facility is a testament to the strength of our market position. We move into 2021 with unrivaled capacity, ready to satisfy demand for the highest-quality CBD oil for businesses all over the world.”
With operations in North America, South America, Europe, and Asia, Folium Biosciences has a global reach. “Though our vision is global, we know the foundation for our success is local, in the Colorado communities in which we live and work,” adds Shan. “This milestone would not have been possible without the incredibly hard work of the Folium buildout team; our construction partners; and the city of Pueblo Building Department, Fire Department and other officials, who worked throughout the COVID-19 crisis to get this project done.”