Past President, CEO And Chairman Of The Hershey Company Joins Hemp Industry Leader Folium Biosciences on Board of Directors.
As the 2018 Farm Bill awaits being signed into law by the White House, Colorado based Folium Biosciences announced the first outside member of its board of directors: J.P. Bilbrey, the immediate past President, CEO and Chairman of The Hershey Company. Mr. Bilbrey was instrumental in the growth of some of the world’s largest and best-known brands during his career with Procter & Gamble, Danone Waters and the Hershey Company. Bilbrey also currently serves on the Board of Directors of Colgate Palmolive Company and as an advisory board member to the Royal Bank of Canada.
CEO Kashif Shan issued the following statement about the Farm Bill’s significance for the hemp industry and Bilbrey’s participation:
“Our markets are already large, and with the legitimization of hemp in the Farm Bill, they’re primed to grow enormously. As soon as the Farm Bill passes, we expect to see a rapid penetration of mainstream food, beverage and cosmeceutical markets. For that reason, J.P. Bilbrey’s arrival couldn’t be more timely. His nearly 4 decades in consumer goods experience will prove an invaluable asset.”
Bilbrey understands the impact of removing hemp-derived products from the list of Schedule 1 substances:
“I believe Folium Biosciences is a forward-thinking industry leader, which excels in research, product development, and innovation. With the passing of the Farm Bill, CBD will finally be legalized and will have remarkable growth potential.”
“This is an exciting time and I look forward to being involved with this significant growth opportunity,” Bilbrey added.
About Folium Biosciences:
Folium Biosciences is the largest vertically-integrated producer, manufacturer, and distributor of hemp derived phytocannabinoids in the USA, if not the world. It is a B2B, bulk and wholesale supplier of hemp derived CBD 0.0% THC oil, CBD water soluble technology, CBD 0.0% THC edibles, and CBD for cosmeceuticals and animal health as certified by the state of Colorado.
Folium Biosciences has over 300K-square-feet of indoor space in southern Colorado which supports agricultural intake, processing, extraction, and post extraction operations. Folium Biosciences is also proud to announce the forthcoming launch of its new pharmaceutical division.
The Colorado Springs headquartered company ships its 0.0% THC white label, bulk and finished products to customers world-wide. It has been certified by the Colorado Department of Public Health and Environment as a producer of 0.0% THC products and has been issued Free Sale Certification.