Posted on June 10, 2019
WOODBURN, Ore. – June 9 2019 – Socati Corp., a leading scale processor of broad spectrum hemp extract with undetectable levels of THC, announced today the appointment of four new board members with decades of experience in rapid-growth companies and in high-potential CBD markets, including food, consumer packaged goods and pharmaceuticals.
The appointments help further position Socati as an industry leader that has developed proprietary technologies and large-scale production capabilities to meet the rapidly expanding market demand for high-quality, hemp-derived ingredients, including CBD and other cannabinoids.
The new board members are:
“To build the future we envision for Socati, we have always known we would need proven leaders who share our vision for the growth potential of this industry,” Socati CEO Josh Epstein said. “This important group of executives brings years of invaluable experience in their industry sectors, as well as the foresight to help mature the industry. Under their guidance, we intend to bring much-needed certainty and stability to the industry.”
The board appointments follow Socati’s recent acquisition of Blue Marble Biomaterial, a manufacturer of natural and sustainable specialty compounds for the global food, fragrance and cosmetic sectors.
Blue Marble’s 22,000-square-foot Missoula, Mont., production facility will feature a proprietary, mass-scale manufacturing process capable of processing 10 tons of hemp feedstock per working day. The testing laboratory will be equipped with the most state-of-the-art analytical capabilities to identify cannabinoids, ensure product purity and quality, and confirm that its broad-spectrum hemp contains undetectable levels of THC.
Socati is a leading processor of broad-spectrum hemp extracts. The company provides a top-quality and consistent product for a market projected to reach $22 billion by 2022. Leveraging investments in new technologies, Socati engages in large-scale manufacturing and has logistics in place to process increasing amounts of hemp biomass to meet customer demand. With the ability to manufacture broad-spectrum hemp extracts at scale, Socati is built to serve the needs of large, international CPG companies that are seeking high-quality raw materials.