Green Point Research acquires Sunshine Growers nursery

FORT LAUDERDALE, Fla. – On Oct. 2, Green Point Research (GPR) acquired Sunshine Growers, a 30-acre nursery in Fort Meade, Florida. It is now one of the largest hemp-dedicated nurseries in the United States. The sale was finalized on Sept. 27.

"We plan to move our seed production from Colorado into Florida, creating new jobs in the agricultural sector," said David Hasenauer, CEO of GPR. "Our new facility will serve a vital role in the Florida hemp industry, providing Green Point's proprietary genetics as seedling trays to hemp farmers throughout the state; thus, significantly reducing their worries about germination or feminization rates."

Craig Roth, the previous owner of the Sunshine Growers Fort Meade property, will stay on board through a lease agreement to continue operations management. Under the agreement, Sunshine Growers will still be able to grow an array of flowers, vegetables and other outdoor plants.

He noted, "After 33 years in business and nearly 13 years at the current location, we are excited for GPR to expand its agricultural reach by purchasing our turnkey facility to grow hemp starter plants to help farmers pivot to this new industry."

The facility contains 500,000 square feet of existing greenhouse and shade house. The rest of the property is irrigated with both drip and overhead sprinklers, which will be used for future facility additions.

"Hemp plants are the way of the future," continued Hasenauer. "Our research has proven hemp to be a viable, sustainable and cost-effective crop for Florida. We intend to use our expertise in growing and producing hemp to help our farmers thrive and positively impact the economic development of our communities."

David Hasenauer, Jordan Pace and Light Townsend co-founded GPR in 2016 with the goal of becoming the largest low-cost cultivator and processor of hemp biomass in the United States. GPR has launched several initiatives with hemp in Florida including an Industrial Hemp Pilot Project with the University of Florida and its Farmers First program which helps farms join the industry. This acquisition is the next step for GPR as it continues vertical integration throughout the hemp supply chain.

GPR is a vertically integrated phytocannabinoid-rich biomass originator and processor, and controls its supply chain from seed to processing bulk cannabinoids for business to business sale. Contact GPR at 954-500-HEMP to learn more about the Green Point Method. For more information, visit www.greenpointresearch.com.