GenCanna
Corporate Round in 2018
GenCanna Global USA, Inc., based in Winchester, Kentucky, specializes in the cultivation, production, and marketing of hemp and hemp-derived cannabidiol (CBD) oil. Established in 2014, the company offers a diverse range of products, including broad spectrum distillate, CBD isolate, oil drops, soft gel capsules, and topicals. GenCanna prioritizes quality and safety, employing a team of developers, scientists, and botanists, and partnering with local universities for research on hemp genetics and agronomic practices. The GenCanna Hemp Research Campus, located on approximately 150 acres, has facilitated significant advancements in hemp processing and product development, contributing to job creation and economic impact in the region. However, in early 2020, GenCanna faced financial difficulties, leading to an involuntary petition for reorganization under Chapter 11, which was later approved as a liquidation plan.