Folium Biosciences has finished construction on a 110,000-sq.-ft. cannabinoid extraction and purification facility in Pueblo West, CO.
The state-of-the-art facility will produce up to 22,000 kg of 0.0 percent THC, broad-spectrum CBD oil each month. To satisfy accelerating demand from CBD product manufacturers worldwide, the plant has dedicated production lines to meet CBD regulatory requirements in the US, EU, Japan and South Korea, among other countries.
The facility is purpose-built for extraction, purification and formulation of cannabinoids and terpenes. The plant will utilize supercritical carbon dioxide (sCO2) extraction technology exclusively to produce phytocannabinoid-rich CBD oil, adhering to a continuous process from decarboxylation to extraction that allows for a revolutionary inline terpene capture system.
“This past year really has been a ‘survival of the fittest’ moment for the CBD industry,” said Folium CEO Kashif Shan. “Pandemic-related economic uncertainty has forced many manufacturers to cut back operations or completely go out of business. I’m proud to say that Folium has moved aggressively in the other direction — looking at 2020 instead as a year to invest and solidify our leadership position. Completing construction on this new world-class manufacturing facility is a testament to the strength of our market position. We move into 2021 with unrivaled capacity, ready to satisfy demand for the highest-quality CBD oil for businesses all over the world.”
Folium’s operations in North America, South America, Europe and Asia provide a global reach as the worldwide cannabinoid industry continues its rapid growth. This international footprint and local market expertise, coupled with the extensive scalable manufacturing made possible by the Pueblo West facility, will enable Folium to cultivate new channels for its innovative, high-quality, science-backed products more successfully than its competitors.
“Though our vision is global, we know the foundation for our success is local, in the Colorado communities in which we live and work,” Shan says. “This milestone would not have been possible without the incredibly hard work of the Folium buildout team; our construction partners; and the city of Pueblo Building Department, Fire Department and other officials, who worked throughout the COVID-19 crisis to get this project done.”
Folium will host a virtual ribbon-cutting ceremony and live video tour of the facility as soon as federal, state and local health regulations allow.