AgTech Scientific closes historic $30,000,000 hemp business loan with BB&T Bank, now Truist Financial, one of the United States’ largest financial institutions – Yahoo Finance

AgTech Scientific closes historic $30,000,000 hemp business loan with BB&T Bank, now Truist Financial, one of the United States’ largest financial institutions  Yahoo Finance

https://www.youtube.com/watch?v=fbI8RonupO8&t=2s” data-reactid=”12″>PARIS, Ky., Dec. 10, 2019 (GLOBE NEWSWIRE) — AgTech Scientific owns and operates a 2,000,000 sq. ft. state-of-the-art greenhouse and ag-processing center in Paris, Kentucky. The company propagated and planted over 7,000,000 clones on over 1,800 acres with local farmers in 2019. The company successfully harvested over 2,700,000 pounds of high-grade extraction-ready biomass. AgTech designed and built its own industrial scale drying, stripping and milling technology to support the 2019 Harvest.


Headquartered in Paris, Kentucky, AgTech Scientific is a large-scale food supplement provider and product manufacturer with hemp derived compounds as its key ingredients for sale in bulk and in its proprietary consumer packaged goods. AgTech Scientific is dedicated to compliance and controlling every channel within its supply chain to ensure full chain of custody for its R2S (Root to Shelf™) brand of products. 

The company has two large facilities in Paris, Kentucky within close proximity to each other. The 2,000,000 million sq. ft. greenhouse and ag-processing center allows for year-round indoor cultivation and serves outdoor farming operations in Central Kentucky.

The purpose built 50,000 sq. ft. extraction and manufacturing center (phase 2 completion expected in Q1, 2020) has been designed and constructed to meet GMP and ISO standards, producing a variety of bulk T Free formulates and consumer products to mass market scale.

The AgTech family includes partners and subsidiaries in 13 states for additional indoor/outdoor growing, extraction, consumer packaged goods manufacturing and distribution.

In 2017, the company signed agreements with leading U.S. universities to research AgTech’s hemp derived formulates for safety, dosing, efficacy and delivery methods through quantitative and qualitative clinical studies. The first publication date is anticipated by mid-2020.

Watch the following video on AgTech Scientific’s 2019 Harvest here:

https://www.youtube.com/watch?v=fbI8RonupO8&t=2s” data-reactid=”21″>https://www.youtube.com/watch?v=fbI8RonupO8&t=2s

http://www.agtechscientific.com/ or contact corporate communications at:” data-reactid=”22″>To learn more about AgTech Scientific and see additional content, visit our website at http://www.agtechscientific.com/ or contact corporate communications at:

jessica@agtechscientific.com” data-reactid=”23″>Jessica Scott
Director of Corporate Communications

Source: finance.yahoo.com

Leave a Comment