BOULDER, Colo., March 28, 2019 /PRNewswire-PRWeb/ -- Seven leading business leaders, today announced the formation of Hemp Harvest Innovations (HHI, LLC), a game-changing approach to botanical extraction for legal cannabinoids including CBD from the hemp plant. With patents pending for a proprietary methodology of hemp oil extraction, Hemp Harvest Innovations is poised to revolutionize the hemp extraction industry by eliminating chemical solvents, batch processing, and slow processing times.
Jeff Aldred, former CEO of Wild Goose Canning and Wild Goose Engineering in Boulder, Colorado will lead the company as CEO. By building custom packaging equipment, Wild Goose changed the game for craft brewers and helped them enter wider markets with affordable canning solutions. After dominating the market Jeff and his co-founder, Alexis Foreman sold the company to a private equity firm.
Today, the former leaders of Wild Goose have teamed up with other business leaders to form Hemp Harvest Innovations. With the passage of the Farm Bill in 2019, hemp is now legal to grow across the United States. Cannabidiol, also known as CBD, is quickly becoming one of the most sought after components of the cannabis plant. With health benefits and medicinal components, the consumer demand for CBD products has skyrocketed. However, the supply of CBD is stalled because of a lack of efficient processing solutions available on the market. Current technologies use dangerous solvents and cannot keep up with the scale of the demand for CBD.
"Based on scientific and engineering innovations, Hemp Harvest Innovations transforms traditional hemp oil extraction," said Steve Bonde, chief scientist and chief operations officer. "Our groundbreaking technology eliminates many of the traditional steps in extraction. The result is a faster process with more throughput and decreased cost."
The following business partners join Mr Aldred and Mr Bonde in the formation of the company:
Alexis Foreman, Wild Goose Canning, advisor and investor, former co-founder and chief operating officer of Wild Goose Engineering
Mark Young, rVenture 2, LLC and Urban Green Development, a real estate development company
Jennifer Foreman, chief marketing officer, experienced CMO with global marketing experience at Denovo, Oildex, Textbroker, and others
Jim Sherman, chief financial officer, formerly with Wild Goose Canning
Mike Leago, founder of International Hemp Exchange
About Hemp Harvest Innovations
Hemp Harvest Innovations (HHI, LLC) is a provider of botanical oil extraction technology for the legal cannabis industry. Their proprietary methodology eliminates solvents, hydrocarbons, and high-pressure vessels making cannabinoid extraction faster, safer, and less expensive. With a continuous flow, they have the ability to process more pounds of wet or dry biomass per day than other systems, in smaller facilities.