London-based cannabis investment company World High Life says its CBD subsidiary Love Hemp has started construction on a bigger production facility.
The company said the 3,500-square-foot facility will enable Love Hemp to increase production of its products including oils, cosmetics and capsules from the current 8,000 units per day to 43,000 units.
Completion of the facility is expected in February.
“This expansion further increases our capabilities in striving to exceed customer and consumer requirements while improving storage and production capabilities, lead times and ensuring the safety of our staff,” Love Hemp CEO Tony Calamita was quoted as saying.
World High Life acquired Love Hemp, a London-based supplier of hemp-derived CBD products, earlier this year for a reported 9 million pounds ($11.23 million).
World High Life trades on the over-the-counter markets as WRHLF.