Ron Fricke
Irvine, CA (USA)
Role(s):
Founder/Owner/Principal
Sacred Valley Holdings
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Startup
Location:
Irvine
Industry:
Agriculture
Year Founded:
2019
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
In a partnership with K-Icon, BAS Research, Healthcare Advantage and Society unlimited we have formed a strategic network to take advantage of the glaring hole in the newly minted and legal Hemp industry. We are building out the largest refinery network on the state of West Coast, specializing in the extraction, distillation and chromatography of CBD oil. With the United States passing the 2018 Farm Bill Act last December, it is now legal for farmers to cultivate and harvest hemp in the United States. California passed a state house bill in May stating that all hemp bio-mass grown in the state of California has to remain in the state of California for production and refinement and the California State Industrial Advisory Board projects that over 1 million of California’s 27 million acres of farm land will be used for the harvesting of hemp producing up to 15 million pounds of bio-mass. Oregon already has over 50,000 acres of hemp harvesting in the ground as of today, with an expected yield that currently is outside the scale of any refinery on the west coast. Currently there are no large scale refineries to refine the hemp bio-mass into CBD oil. We aim to become the biggest refinery network on the west coast. With our distribution channels already set up with K-Icon and Healthcare Advantage our projections show an immediate net positive cashflow in this unique cannabinoid space.