Global Widget to Mark Opening of New CBD Extraction Plant
– Powder Bulk Solids
Global Widget™, the premier manufacturer and distributor of Hemp-derived CBD products within the industry, announced the unveiling of its new extraction plant on Tuesday. Global Widget will be holding a ribbon-cutting ceremony on Oct. 9 to mark its new facility’s opening. Several local, state and federal officials will be in attendance at the company’s headquarters in Tampa, FL.
Kevin Collins, the company’s co-CEO, said the 15,000-square-foot facility will support job growth and make high-quality CBD more affordable and accessible to consumers who benefit from using it and businesses that prosper from selling it. According to a forecast produced by Grand View Research, the global market for CBD products is expected to grow at a compound annual growth rate (CAGR) of 22.2% between 2019 and 2025.
Once the Tampa facility is fully operational, it will serve as an extraction facility to process Industrial Hemp into CBD isolate and distillate products.
Read Powder Bulk Solutions’ full release on Global Widget’s new extraction facility and what it means for the industry going forward.
September 30, 2020