Thrive Well seeking pharma partners for CBD research

A Seymour company capable of producing high purity CBD oils and extracts suitable for use in pharmaceuticals, cosmetics and food grade products has launched an effort to further grow connections with the life sciences business community.

“Our Seymour facility was built keeping the highest quality extraction processes and end users in mind,” said Kevin Johnson, chief executive officer of Kocolene Development Corp. “Our hope is to be able to contribute to the advancement of research around CBD as a potential treatment for a myriad of diseases and to work with a variety of corporate and academic partners interested in exploring this burgeoning sector.”

Thrive Well in partnership with the Indiana Health Industry Forum is actively seeking opportunities and strategic partnerships to further their success in the heavily regulated and constantly changing hemp and CBD industry, Johnson said.

“IHIF’s ability to connect us to the broader life sciences business community both in the state of Indiana, across the country and around the world will help us reach potential partners we wouldn’t find any other way,” he said.

Kristin Jones, president and CEO of the forum, said Thrive Well is an exciting addition to its diverse membership base.

“Our intent is to help connect companies with the resources they need to move forward and grow more quickly, and we look forward to helping introduce Thrive Well to potential pharma partners interested in the CBD space,” she said.

To make the most of the opportunities around the Thrive Well hemp processing facility, the company is open to exploring a variety of partnership options, including CBD extraction, research partnerships, buyers, investors or companies interested in an equity swap.

Following the 2018 Indiana Farm Bill, Kocolene Development Corp. was granted an Indiana Industrial Hemp License and began construction of the Thrive Well CBD processing facility in Seymour.

“Indiana is known as ‘The Crossroads of America,’ and this holds true for hemp,” Johnson said. “Our state is the convergence of fertile soil, logistics and most of all, quality people. Thrive Well is excited to be a player and leader in this emerging industry. Our future success is built by working with local experienced farmers, experts in extraction and industry leaders across the state and country.”

Established in 1994, the Indiana Health Industry Forum is a statewide trade association representing Indiana’s life sciences business community — manufacturers and service providers to the bio/pharma, medical device and health IT sectors. Its mission is to secure Indiana’s position as a global leader in life sciences by advocating, connecting, promoting and delivering tangible benefits on behalf of its diverse corporate members.