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Ballard County hemp processor AerosourceH plans $2.8 million expansion after first year in business

As Kentucky’s hemp industry forges ahead, industrial hemp processor AerosourceH LLC has announced a $2.8-million expansion at the company’s Ballard County facility, a move expected to create 14 full-time jobs.

The company, which produces cannabidiol (CBD) isolate and water-soluble nano emulsified CBD for the wholesale market, held an open house today to introduce itself to the community and celebrate the initiation of its second-phase expansion.

“We are proud of the team we have assembled and the growth we have been able to achieve early in our process. We aim to set a new standard in our industry through a steadfast commitment to producing the highest quality product, in a world-class laboratory with the top talent and sources available,” said Nathaniel Pape, AerosourceH COO. “We are grateful for all of the support we have received and for Kentucky’s vision to open crucial economic development pathways.”

Just months after the company formed in April 2018, AerosourceH leaders quickly saw a need for expansion. Following its initial $2.6-million investment to lease and renovate a facility in Ballard County, purchase and install equipment, buy hemp from licensed growers and hire employees, the company found itself producing at capacity with prospective customers for all of its CBD isolate product.

With a readily available pool of Kentucky residents seeking employment and customers inquiring daily about purchasing CBD, AerosourceH decided expansion was the appropriate next step for the businesses and the community.

“The Bluegrass State continues to lead the way in revolutionizing the hemp industry, and AerosourceH is one of many Kentucky companies finding early success in this emerging market,” Gov. Bevin said. “As this crop takes root nationwide, the commonwealth’s efforts to set the table for economic prosperity are already paying dividends. We congratulate AerosourceH on its rapid growth, and we look forward to more success stories in the years ahead.”

AerosourceH formed as an independent company to manufacture CBD isolate from industrial hemp for the wholesale market. Shortly after, the company leased its facility from the county’s local economic development arm, Ballard Economic Development and Industrial Development. To date, the company has made all of its product exclusively from Kentucky-grown hemp.

From Governor’s Office

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