Southern Tier Hemp Announces Purchase of Former Gannett Printing Plant to Create the Largest Industrial Hemp Processing Facility in New York State
New York-based vertically-integrated agriculture technology company reaches an agreement to close on 100,000 square foot facility in Johnson City as its new headquarters
JOHNSON CITY, N.Y., Feb. 5, 2019 /PRNewswire/ -- Southern Tier Hemp, a vertically-integrated agriculture technology company that will offer a suite of branded wellness products, announced today that it reached an agreement to purchase the former Gannett printing plant in Johnson City, New York. The 100,000 square foot facility will become headquarters for Southern Tier Hemp as the company develops, manufactures and sells hemp cannabidiol (CBD) wellness products worldwide.
"New York State is embracing the advancement of hemp-based products under the guidance of both Governor Andrew M. Cuomo and Richard A. Ball, Commissioner of Agriculture and Markets," said Michael Falcone, co-founder and CEO of Southern Tier Hemp. "New York's Southern Tier is a phenomenal area to harvest and produce our products at our new facility. It's an ideal location for our headquarters to cultivate CBD products that generates new agriculture opportunities and brings jobs to the region."
Southern Tier Hemp's headquarters will be the largest hemp processing facility in New York State. As one of the first enterprises in New York to develop, manufacture and sell hemp CBD directly to consumers, the company will hire more than 100 employees at its new location during the next three years to support its operation. Its processing facility will produce a full range of CBD products including superfoods, body care creams, supplements and lotions. The company was the first to be awarded a 650,000 dollar grant from New York State for hemp development, which will be used towards the construction of the processing center.
The building will be operational for the 2019 CBD hemp harvest, which follows the success of the company's nearly 50 acres harvested in 2018. Last year was Southern Tier Hemp's second harvest. As part of the company's commitment to the Southern Tier region of New York, the company established a partnership with the University of Binghamton's School of Pharmacy and Pharmaceutical Sciences to research the pharmaceutical benefits of CBD and additional cannabinoids in a state-of-the-art lab in its future headquarters.
"New York State is at the forefront with its support for the emerging hemp industry," says Mr. Falcone. "We envision years of growth for the market that will elevate our business in the Southern Tier region as the hemp category continues to advance with individuals experiencing the benefits of CBD products."
Southern Tier Hemp is dedicated to manufacturing the highest quality products, while educating the consumer as to the benefits of hemp in all its manifestations.
About Southern Tier Hemp
Based in New York, the agriculture technology company will offer a suite of branded wellness products and superfoods for the whole home. Southern Tier Hemp is a vertically-integrated agriculture technology company that is one of the first enterprises in New York State to develop, manufacture and sell hemp cannabidiol based products directly to consumers. The company is headquartered in Johnson City, New York and has an office in New York, New York. Learn more at southerntierhemp.com.
SOURCE Southern Tier Hemp
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