Santa Fe Farms is planning to launch a 100,000ft² hemp operation construction project in Albuquerque
Santa Fe Farms has acquired FathomNM’s post cultivation services. (Credit: Business Wire)
Santa Fe Farms has acquired post cultivation services from FathomNM to expand its hemp operations in New Mexico, US.
As per terms of the deal, FathomNM CEO Jeff Apodaca has joined Santa Fe Farms as vice chairman of the board of managers.
Apodaca will also serve as the CEO for H47, Santa Fe Farms’ post cultivation service enterprise.
H47, which refers to hemp in New Mexico, will offer a complete and post-cultivation solution for Hemp farmers in New Mexico by delivering harvesting, post-harvest processing, testing, storage, and downstream sales services.
At present, H47 is working with around 25 small-scale and New Mexico farmers holding more than 600 acres of cultivation potential.
Santa Fe Farms is planning to launch a 100,000ft² hemp operation construction project, which will be developed with an investment of around $25m.
The new hemp project will have 50,000 lbs per day dried biomass processing capacity
The new hemp project will feature an advanced processor, extractor, warehouse, and laboratory with 50,000 lbs per day dried biomass processing capacity.
Situated on a 20-acre site located in Albuquerque, the facility will be one of the largest and expandable facilities of its kind in the US, said the company.
Santa Fe Farms CEO and chair Steven Gluckstern said: “Now, Santa Fe Farms has a turnkey operation with verticals in each significant area of Hemp production including seed genetics, cultivation and post cultivation services, processing and manufacturing, consulting, wholesale, white-label and retail sales, and the development of HempTraxx, a SCaaS blockchain software offering.”
Santa Fe Farms is involved in the production, extraction, manufacturing and distribution of THC-free and hemp-based phyto-cannabinoids.
In April this year, Extract Wellness collaborated with Sweetbrier Farm to create a new fully-vertically integrated hemp CBD products company called Wellness Ventures.