The cannabinoid research and development company has announced a lease agreement to move its company headquarters to the former GE manufacturing campus.
Golden, Colorado—July 24, 2018—PRESS RELEASE—Boulder Botanical & Bioscience Labs, a seed-to-shelf business that researches and creates cannabinoid-based products, has announced the completion of a lease agreement with intent to purchase the former General Electric (GE) manufacturing facility at 1150 Catamount Drive in Golden, Colorado. The 26,180-square-foot facility will serve as Boulder Botanical’s headquarters of operations, which also includes the company’s extraction facilities as well as the wholly owned subsidiary Helping Hands, a 70-acre hemp farm outside of Pueblo, Colorado, and several additional sites throughout other states.
“The domestic hemp-derived cannabidiol (CBD) market grew more than 46 percent in 2017 alone,” said Robert Dimarco, CEO of Boulder Botanical. “But as in all gold rush scenarios, there are a lot of snake-oil salesmen out there trying to pass off subpar CBD products with no proof of efficacy. As a seed-to-shelf manufacturer of CBD products, Boulder Botanical brings over a quarter century of combined experience in GMP-produced nutraceuticals to the CBD market. Our new Golden headquarters connects all the dots in our vertically integrated program. In the next few years, Boulder Botanical expects to be producing seven out of 10 of the product lines found in grocery and big-box stores.”
Previously owned by GE and used to manufacture health devices such as pacemakers, the building was constructed with high safety standards and Good Manufacturing Practice regulations in mind, making it turnkey for Boulder Botanical’s needs. The company will be able to use much of the facility’s pre-existing infrastructure, such as vacuum-sealed rooms, commercial kitchen setups, clean rooms and safety features, to produce nutraceutical-grade CBD products in compliance with certified standards used in the nutraceutical and pharmaceutical industries.
Boulder Botanical’s Research & Development arm will utilize the facility to advance white-label product offerings and contract-manufactured goods, and for the production of several different delivery platforms, including capsules, tinctures and topicals.
Scheduled to come online in September 2018, the new campus will house Boulder Botanical’s corporate headquarters, its Research & Development division, customer service center and shipping and receiving centers.
Approximately 145 jobs were lost when GE vacated the property, and Boulder Botanical is proud to be able to create employment opportunities as it begins filling positions at its new headquarters. The company has already rehired about a half dozen former GE employees, and it looks forward to adding more Coloradans to its team ahead of opening the facility for production this fall.
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