- Leviathan Natural Products (EPIC) has secured an agreement to become Veridia USA’s primary supplier of CBD crude hemp oil
- The company’s subsidiary, Leviathan U.S., expects to sell up to 5,000-6,000 kg per month
- Veridia will incorporate Leviathan’s product into its wholesale supply chain and use it to produce its proprietary line of consumer products
- Based in Colorado, Veridia USA is a leader in the industrial hemp and nutraceutical sector
- Leviathan concentrates on non-psychoactive hemp-derived products for the health and wellness market
- Leviathan Natural Products (EPIC) closed up 5.77 per cent at $0.55 per share
Leviathan Natural Products (EPIC) has secured an agreement to become Veridia USA’s primary supplier of CBD crude hemp oil.
The company’s subsidiary, Leviathan U.S., expects to sell 2,000-3,000 kg per month with the intention to increase production to 5,000-6,000 kg per month to meet Veridia USA’s demand.
The price per kg will correspond with the prevailing average U.S. wholesale market price at the time of each sale.
Veridia USA will incorporate Leviathan’s product into its wholesale supply chain and use it to produce its global proprietary line of consumer products.
Martin J. Doane, CEO of Leviathan, commented,
“Leviathan’s well-laid plans to methodically build out state-of-the-art hemp extraction facilities has satisfyingly taken the company to the next level of growth.
Veridia USA chose Leviathan U.S. as its primary crude supplier because of the extraordinary quality of our product combined with our competitive pricing. Our agreement with Veridia USA is another assertive step forward in establishing a dependable revenue base for the company.”
Mike Porricelli, Managing Director of Veridia USA, added,
“We are very pleased to enter into a crude CBD hemp oil supply agreement with Leviathan U.S. We are impressed with Leviathan U.S.’ extraction technology, its operational team and its attention to compliance.
Leviathan’s geographical location is also perfect for our supply chain as the Tennessee region has ideal access to quality CBD hemp biomass grown by experienced farmers. These multi-generational farmers have a long history in tobacco and are now applying their deep knowledge and expertise to growing high-grade hemp.”
Based in Colorado, Veridia USA is a leader in the industrial hemp and nutraceutical sector. Its production and refinement operation has over 20 years of experience in the chemical processing and manufacturing of industrial hemp.
Leviathan concentrates on non-psychoactive hemp-derived products for the health and wellness market.
Leviathan Natural Products (EPIC) closed up 5.77 per cent at $0.55 per share.
