KeyLeaf expands its offerings by developing their own line of hemp ingredients.
Canopy Growth Corporation, a Canada-based cannabis, hemp, and cannabis device company, presents a valuable alignment in global objectives and a deeper understanding of technical challenges in the hemp space. Combined with KeyLeaf's scientific expertise and operating facilities, the acquisition of KeyLeaf creates a highly productive relationship.
The new corporate name reflects how KeyLeaf is poised to service the growing demand for plant-derived ingredients and high value plant-based extracts. Shifting focus from applied contract R&D work to producing finished plant-based ingredients under our new name (KEYLEAF) reflects a strategic move toward commercializing a pipeline of plant-derived products under our own brand.
Given POS’s long-standing relationship with the original Batavia group and the complementary capabilities of the facility, the acquisition is a seamless integration into the company’s core capbilities.
New corporate structures are formed, and additional capital is raised to expand the core capacities of POS. Additionally, a new CEO is brought on to spark a path to privatization, creating a renewed POS that is positioned to best serve its clients.
POS Bio-Sciences begins operating and quickly becomes the go-to solution for companies in need of R&D work, commercialization of proteins, oils, and starches.
The concept for the initial POS Pilot Plant is established by a group of thought leaders within Canada’s Federal Government to address the agricultural industry’s need for increased capacity for crop processing. The concept was centered on forming a multi-purpose institute to study grain, and oilseed processing, and ingredient development.