Entering the CBD space
07 Aug 2019 | Layn USA
A new line of cannabidiol (CBD) ingredients by Guilin Layn Natural Ingredients Corp. (“Layn”), a global producer best known for its plant-based sweeteners, debuted at the IFT19 Food Expo in New Orleans. The company has invested an estimated US$60 million in a new US-based CBD manufacturing facility, expected to be completed in autumn of 2020. The facility is expected to have the capacity to process a minimum benchmark of 5,000 tons of hemp biomass per year, which will yield 160 tons of high purity CBD and 290 tons of full spectrum oil annually. Layn is currently in the process of completing the filing procedures to receive approval for this project.
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