Oregon’s HempNova buys another Oregon hemp grower
Industrial Hemp NewsMarijuana Laws, Regulations, & Politics May 22, 2020 MJ Shareholders 0
Oregon’s HempNova Lifetech Corp., which grows and dries hemp, has bought another hemp operation in southern Oregon.
HempNova’s $2.03 million acquisition of Seven Oaks Hemp Center in Central Point includes:
- 45 acres of land
- a drying facility
- an 8,000-square-foot greenhouse
- a 6,000-square-foot warehouse.
Based in Eugene, HempNova announced the purchase Thursday.
HempNova CEO Ken Cai said in the announcement that the company plans to expand operations in southern Oregon. Two months ago, HempNova bought a 90% stake in southern Oregon’s Creekside Hemp for $4.5 million.
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