"We are forecasting well over a thousand percent increase in revenues year over year for the next 12 months..."
COLORADO SPRINGS, CO, July 25, 2017 /24-7PressRelease/ -- Folium Biosciences continues its rapid growth and expansion in the industrial hemp derived phytocannabinoid industry. The new Folium extraction and purification facility, which opened this past week, is capable of extracting 3,000 kilograms per month of active phytocannabinoids and will be GMP certified. Dr. Raj Gupta, Chief Science Officer of Folium Biosciences, calls the new Folium Biosciences facility "the most technologically advanced phytocannabinoid extraction and purification facility in the world."
Folium Biosciences has hundreds of acres of phytocannabinoid rich (PCR) hemp ready to be harvested and processed starting in September 2017. Chief Executive Officer, Kashif Shan, believes that this year marks a major turning point for Folium Biosciences. Shan went on to state, "We are forecasting over a thousand percent increase in revenues year over year for the next 12 months and plan to reinvest a significant portion of that into R&D and expanded production capacity."
Folium Biosciences is the largest vertically integrated producer, manufacturer, and distributor of organic hemp derived phytocannabinoids in the USA. Folium's patent pending technology can completely remove the THC from phytocannabinoid rich hemp oil. Folium Biosciences is based in Colorado Springs, Colorado and grows all of their phytocannabinoid rich industrial hemp according to section 7606 of the 2014 US Farm Bill. Folium Biosciences is fully self-funded, has no debt, and is privately owned and operated.
MORE ABOUT Folium Biosciences Inc.
Folium Biosciences is a privately held Bulk & Wholesale Business to Business (B2B) distributor of the highest quality organic medicinal hemp derived phytocannabinoids, including cannabidiol (CBD), cannabinol (CBN), cannabigerol (CBG), and terpenes in the United States. All products distributed by Folium Biosciences are tested both internally and independently for potency, purity, and consistency. Folium Biosciences produces only the highest grade products that are organic, contain no pesticides, no residual solvents, no heavy metals, and no toxic mildew or mold. All phytocannabinoid (PCR) rich products we produce, manufacture, or distribute, are derived from industrial hemp that is registered with the Colorado State Department of Agriculture and conforms fully to the 2014 US Farm Bill section 7606 which federally legalized the cultivation of industrial hemp under certain federal mandated conditions which Folium Biosciences and its farming and distribution partners and suppliers conform to fully.
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