Green Farms Co Announces New CEO, Dr. Eric MacLeod, Acquires Key Personnel and Assets to Position for Rapid Growth

And Initiates $40 Million Series A Capital Fundraising Round

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Apr 11, 2019, 09:00 ET

AURORA, Colo., April 11, 2019 /PRNewswire/ -- Organic cannabis and hemp producer Green Farms Co announces the addition of Eric MacLeod, MD, as CEO and managing partner. The former orthopedic surgeon and CEO of Monteagle Ventures came on board with the company in February and has quickly established the corporate hierarchy with the signing of eight new company officers and the implementation of 15 contractual relationships centered around the acquisition of key assets that will be the backbone of growth for the company.

"I'm confident that the caliber of this leadership team will allow us to become a principal player in the hemp and cannabis markets," MacLeod said. "We've attracted top experts in the field because they want to get behind organic and sustainable farming practices. These practices are not only better for the environment, they result in a superior product."

According to MacLeod, the company has met important strategic goals in the first quarter of 2019, including:

Contractual procurement of key members of management team
Cultivation on Colorado and Michigan farms, including greenhouse nurseries, for hemp growth and the development of proprietary genetics for hemp
Acquired manufacturing facility for large-scale soil production
Acquired large-scale processing facility for CBD
Establishment of 34,000-square-foot headquarters in Aurora, Colorado
Initiation of $40 Million Series A capital fundraising round

The hemp and cannabis industry is projected to grow exponentially in the coming years after recent full federal legalization of hemp and full legalization in 10 U.S. states of THC-containing cannabis. CBD, the non-psychoactive cannabinoid of marijuana, has become a popular ingredient. U.S. consumer sales of CBD is projected to reach approximately $1.8 billion by 2022, up from approximately half a billion in 2018. This follows the trend of the total U.S. legal cannabis market which is projected to be a $23 billion business by 2025. (Statista.com)

ABOUT THE COMPANY: Green Farms Co LLC, a leading name in the hemp cultivation and processing industry, is involved in all aspects of CBD production from purchase, sale and processing of hemp to creating, consulting, packaging and selling CBD products. Green Farms Co also manufactures a proprietary line of organic soils and nutrients for sale to garden supply stores and commercial growers. Green Farms Co uses organic, sustainable and eco-friendly practices that produce a consistently clean, quality product. The company also provides consulting services for farms and companies wanting to grow quality hemp and craft cannabis. Established in 2011 by J.W. Long, the company has approximately 1,230 acres of agricultural land and greenhouses in Colorado and Michigan. More information is available at www.greenfarms.co.

MEDIA CONTACT:

Mark Tilghman, Chief Marketing Officer
Email: [email protected]
(912) 399 4332

INVESTOR RELATIONS CONTACT:

Eric MacLeod, MD, Chief Executive Officer
Email: [email protected]
(404) 931-6160

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SOURCE Green Farms Co