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Southern Tier Hemp Acquires Former Gannett Printing Plant to Create Hemp Processing Facility
Friday 08 February 2019

8 February 2019 - New York, US-based agriculture technology company Southern Tier Hemp has agreed to acquire former New York Gannett printing plant to develop, manufacture and sell hemp cannabidiol wellness products, the company said.
Terms of the transaction were not disclosed.
The 100,000 square foot facility will become headquarters for Southern Tier Hemp as the company manufactures and distributes hemp cannabidiol wellness products worldwide.
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.
Southern Tier Hemp 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.
Details
Date Published: 08/02/2019
Target: former New York Gannett printing plant
Country: USA
Sector: Agriculture/Forestry
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Southern Tier Hemp
Comment:
Terms of the deal were not disclosed

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