The company was born in 2015. Our founder saved a stray cat by infusing CBD into its diet. With a strong pet & business history, he recruited a strong diverse team to explore the CBD opportunity. The company was incorporated under Enhanced Pet Sciences.
The team spent much of 2017 travelling the U.S. to locate the best location for the company. Kentucky was chosen. UK agreed to perform our research. Farmers want to replace Tobacco with Industrial Hemp. County & Sites identified. Met with locals to discuss opportunities.
After meeting Dr. King, AgTech & EPS came to a strategic alliance. A 5 county search began, we found our home in Paris, Kentucky. Farmers approached management, implored the company to include a farming initiative, the company complied. Lawyers, Banks, Accountants & others were short listed.
AgTech was awarded two grants totaling $3.4M. Mark McElroy, PhD & KY farmer joined the AgTech team. Bourbon County land deal negotiated & terms with Gray Construction agreed upon. The EPS shareholder base increased to over 220 people & cash targets were achieved. All Permits were granted by the KDA. The IHFA was formed & over 225,000 plants are in ground.
Initial designs & permit approval was awarded for the new AgTech 50,000 sqft GMP inspired facility. Objectives: Complete retrofit of 30,000 sqft Cynthiana Building, finish harvest season, dry and mill biomass, supply existing contracts. Research trials to be evaluated & submitted for publication. On-Demand PBS marketing. Recruitment of larger team. Evaluation of the EPS & AgTech alliance