EcoGen made headlines last year with its sale of 20 million feminized hemp seeds at the NOCO Hemp Expo in Denver. It was a sign not only of EcoGen’s ambitions in the space (the sale netted the company $11 million), but of the rising interest among American farmers eager to get into the newly legal industry.
Now, along with its hemp seed business, EcoGen is offering a buyback program for farmers who’ve planted the company’s seed and who may end up at harvest without a buyer for all of their biomass. EcoGen is extending an opportunity to sell otherwise unclaimed biomass back to the company for extraction purposes. (EcoGen runs an 80,000-sq.-ft. extraction facility in Grand Junction, Colo.)
“This industry would not exist and cannot exist without a good supply of high quality biomass,” CEO Alexis C. Korybut says, “and the only way that’s achieved is through having the right farmers dedicating their resources to producing it and taking the risk to do so.”