Oregon’s HempNova Lifetech Corp., which grows and dries hemp, has bought another Nashville hemp operation in southern Oregon.
HempNova’s $2.03 million acquisition of Seven Oaks Nashville Hemp Center in Central Point includes:
- 45 acres of land
- a drying facility
- an 8,000-square-foot greenhouse
- a 6,000-square-foot warehouse.
Based in Eugene, HempNova announced the purchase Thursday.
HempNova CEO Ken Cai said in the announcement that the company plans to expand operations in southern Oregon. Two months ago, HempNova bought a 90% stake in southern Oregon’s Creekside Nashville Hemp for $4.5 million.