Hemp genetics leader to boost growth, further commitment to industrial hemp through major capital investment
Longmont, CO – February 17, 2021 – High Grade Hemp Seed, a global leader in the production and sales of premium hemp genetics, announces that is has received a major capital investment from Santa Fe Farms, a leader in the production, extraction, manufacturing and distribution of THC-free hemp-based phyto-cannabinoids. Founded by seasoned investor Steven Gluckstern, Santa Fe Farms recognizes the critical importance of genetics in successful hemp farming and production. Bringing High Grade into its fold boosts the company’s quest to round out its portfolio of hemp-centric companies, with a mutual goal of elevating the hemp industry on a global scale.
For Santa Fe Farms, adding High Grade brings a strong genetics partner into its portfolio of companies. For High Grade, the union provides a foundation with strength in the supply chain side of hemp agriculture as well as a strong springboard into industrial hemp and its rapidly growing list of potential applications.
As with any agriculture-based business, it all starts with the seed. Santa Fe Farms and High Grade share the mutual vision of continuing to evolve hemp genetics, working together to develop strains that will adapt to climate change, as well as serving customers’ and consumers’ needs and desires. Additionally, the opportunities for industrial hemp are vast, and both companies recognize that this is and will continue to be a major focus for hemp production in the future.
“This is a win-win for all of us, as High Grade Hemp Seed rounds out a comprehensive hemp enterprise at Santa Fe Farms,” remarked Steven Gluckstern, CEO of Santa Fe Farms and Chair of the Board of Managers. “Now, Santa Fe Farms has a complete operation with verticals in each significant area of hemp production: seed genetics; cultivation; post cultivation services; processing and manufacturing; consulting; wholesale, white label and retail sales; and the development of HempTraxx, a ‘Supply-Chain as a Service’ blockchain based software.”
High Grade executives are enthusiastic about the opportunities through the new relationship with Santa Fe Farms family of companies. “There are multiple benefits in becoming part of the Santa Fe Farms ecosystem,” says Bodhi Urbann, Founder of High Grade Hemp Seed. “High Grade has had a goal of expanding into the industrial hemp space. This agreement provides capital and resources to allow us to continue research and investment into industrial genetics. 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.”
High Grade recently announced that it is a Platinum Partner at the prestigious South by Southwest® (SXSW®) 2021. The sponsorship is a boon for Santa Fe Farms as well, aligning with the company’s goal of ingraining the hemp industry onto the radar of the high profile audience that flocks to the annual conference.
“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,” adds Urban. “All indicators show that the potential of this amazing plant has yet to be tapped, and we are on a mission to tap it.”
About High Grade Hemp Seed
HGH Seed, Inc., founded in 2011, is a Colorado-based hemp genetics company committed to farming top-quality, consistent strains of hemp. High Grade has been pivotal to the reintroduction of industrial hemp to the global supply chain. Founder Bodhi Urban and the High Grade team introduced foundational strains such as Cherry Wine and Berry Blossom that are the basis of hemp genetics today. The company is known for its proven track record of compliance, high feminization and germination rates, and high cannabinoid levels. To learn more about High Grade, or to inquire about purchasing hemp seeds and starts, visit highgradehempseed.com or call (833) 867-7333.
About Santa Fe Farms
Santa Fe Farms has positioned itself to become a preeminent regional (New Mexico and Colorado), national and international leader in the development, production, extraction, manufacturing, and distribution of THC free hemp-based phyto-cannabinoids as well as the vast range of other important hemp products, both chemical (i.e. Advanced Carbons) and industrial (i.e. Building Products and Systems.) Furthermore, by incorporating regenerative farming practices on our own farms and encouraging the farmers we work with to do the same as standard operating practice, we are poised to become a leader in environmental sustainability within the Hemp Industry ecosystem with the goal of leaving a negative carbon footprint. For more information, visit www.santafefarms.com.