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WINCHESTER, Ky. (WKYT) – A Winchester hemp company is expanding, as it plans to invest $40 million and add 80 jobs in a Kentucky county.
Gov. Matt Bevin’s office announced Friday GenCanna Global USA will add a new 100,000 sq ft facility in Graves County.
The company specializes in hemp genetics and cannabidiol formulation.
“This new facility in Graves County represents the consistent and sustainable growth of both GenCanna and the hemp industry as a whole,” GenCanna CEO Matty Mangone-Miranda said. “We’re proud to continue scaling our economic impact in Kentucky communities by helping farmers farm and making strategic steps like this to expand our leadership position.”
The company was founded in 2014 and currently employs 150 in Winchester.
The Kentucky Economic Development Finance Authoritiy approved $1.8 million in tax incentives for GenCanna Thursday.