Two long-running Oregon firms are banding collectively to diversify their marijuana and hemp product 0fferings and strengthen their place in a state market that’s coping with important obstacles, together with overproduction and depressed wholesale market costs.
East Fork Cultivars mentioned in a information launch this week that it has formally joined forces with longtime collaborative companion Peak Extracts.
No monetary phrases have been introduced.
However, beneath the association, Peak Extracts founder Katie Stem joins East Fork as firm president and as a board member.
The merger “boosts the power of two unbiased, values-aligned craft manufacturers to compete in a time of accelerating corporatization of the hashish trade,” in line with the discharge.
East Fork CEO Mason Walker mentioned in a press release that the businesses’ “union boosts the vary of our hashish expertise and vastly expands our in-house product-making capabilities.”
East Fork is a craft marijuana and hemp breeder, cultivator and product maker.
The Takilma-headquartered firm produces sun-grown vegetation utilizing regenerative strategies and holds Solar+Earth Licensed and USDA Natural certifications.
Peak Extracts, primarily based in Portland, has been a hashish extractor and product maker since 2014.