Atalo Holdings Inc. and GenCanna Global USA announced in a joint press release that the two companies have formed a strategic partnership. In addition to aligning their cultivation operations, GenCanna will make an investment in Atalo; although the amount was not disclosed. As both companies have their operations located at the 147-acre Hemp Research Campus, in Winchester, Kentucky, the partnership will help increase supply chain efficiencies for both Atalo and GenCanna.
“We’ve been neighbors and partners with GenCanna in the Hemp Research Campus since 2015,” said Atalo CEO William Hilliard in a statement. “This partnership is a natural evolution that will enable both companies to focus on best-in-class operations and will provide excellent economies of scale.”