A surprise announcement at Tuesday’s annual State of the City address, as hemp oil manufacturer Folium Biosciences is the newest large company to make the move to Medicine Hat. Near the end of his address in front of a packed room of hundreds of community leaders, Mayor Ted Clugston announced two plants will be constructed over the next year, which will bring 250 full-time positions once opened.
Hemp oil producer Folium Biosciences is planning to build an extraction and processing facility in Medicine Hat this year, bringing with it 250 full-time jobs, officials with the Colorado-based company announced Tuesday. The news, delivered at the Mayor’s State of the City Address, caused a major stir among the several hundred attendees.
A surprise announcement at Tuesday’s annual State of the City address, as hemp oil manufacturer Folium Biosciences is the newest large company to make the move to Medicine Hat.
The future is hemp, Tim Gordon says. And the future is now. Gordon is president of the board of the Colorado Hemp Industries Association. Some have called the passage last month of the U.S. farm bill, which takes hemp from a Schedule 1 controlled substance to an agricultural commodity, as a game-changer.
Australis Capital Inc. (CSE: AUSA) (“Australis” or the “Company”) is pleased to announce the Company has invested $3,000,000 USD in Folium Biosciences (“Folium”), the largest vertically integrated producer, manufacturer, and distributor of hemp derived phytocannabinoids in the United States.