Exciting News: Blue Sky Hemp’s Food Division Acquired by Fresh Hemp Foods!

Blue Sky Hemp Ventures recently made headlines by selling its hemp food division to Fresh Hemp Foods. This shift allows Blue Sky to focus more on cannabis extracts and contract manufacturing, which they see as the future growth area for their business.

CEO Andrew Potter emphasized their success over the past two years, noting that they achieved positive earnings—a rare feat in the hemp sector. He mentioned that the sale will provide the resources needed to scale their cannabis operations effectively. They plan to use the funds for contract manufacturing services, which will include products like pre-rolls, softgels, and vape pens. Blue Sky is also aiming for EU-GMP certification, which will help them reach international markets.

Potter takes pride in their food division’s growth, particularly their innovative hemp seed oil. He expressed confidence that Fresh Hemp Foods will build on their success in the food industry. Jared Simon, President of Fresh Hemp Foods, welcomed the new customers and suppliers, stressing their commitment to sustainability and broadening access to nutritious hemp products.

This move isn’t just significant for Blue Sky but also reflects a growing trend in the cannabis market. According to a recent report, the global hemp market is projected to reach $26.6 billion by 2025, driven by rising demand for hemp-based products across various industries.

As the cannabis sector expands, companies are reassessing their strategies. They are shifting focus from food products to higher-margin cannabis extracts, indicating a noteworthy change in consumer preferences and market dynamics.

This realignment highlights the innovative spirit in the industry and signals a new era for both companies involved. By concentrating on their core strengths, they can potentially achieve greater success in a rapidly evolving market. For further details, you can check the official press release here Blue Sky Hemp Ventures Press Release.

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