Santa Fe Farms Announces Executive Leadership Changes and Million-Acre Strategy to Supply Customers with Industrial Hemp-based Materials

SANTA FE, NM – (BUSINESS WIRE) – Santa Fe Farms, a company leading the development of the industrial hemp industry, today announced management changes and a strategy to provide Tier 1 customers with bulk industrial hemp-based materials while helping them manage their ESG -Fulfill obligations. All changes in the executive board will take effect on January 1, 2022.

Steven Gluckstern, Santa Fe Farms CEO, will become Executive Chairman to focus on relationship building, industry advocacy including public policy, thought leadership, education, and further building and enhancing the Santa Fe Farms brand. After more than 25 years in a managerial role, Kim Kovacs, recently named Forbes’ 50 over 50 investment, will move from Chief Strategy Officer to Chief Executive Officer. Rick Schawelson, with over 40 years of experience in the business world and global supply chain management, will assume the position of President and Chief Operating Officer. Schawelson will oversee the company’s growth / cultivation, processing and products operating units, as well as its industrial agriculture, domestic partners and international relations.

“Our emerging industry needs vocal leadership to educate the public about the extraordinary potential of industrial hemp,” said Gluckstern. “From reducing our reliance on hydrocarbons to replacing traditional, low-quality feeds, to providing a new source of pulp for paper and packaging that will help us dramatically increase the amount of CO2 we can sequester from agriculture, industrial hemp is.” the answer.”

Santa Fe Farms is committed to building a profitable, industry-leading company and fulfilling a commitment to majorly addressing the planet’s carbon problem.

“Our growth and development over the past year have been significant, especially with regard to the further development of our business model, the branding and go-to-market strategy as well as the complete redesign of our corporate structure,” explained Kovacs. “We have set our strategic business goals for the path ahead of us, which will be 1 million acres of industrial hemp under cultivation by 2027.” Santa Fe Farms will achieve over 15 percent of this goal in 2022 in collaboration with traditional and Indian farmers. ”

With the announcement of its million-acre strategy, Santa Fe Farms hopes to make industrial hemp a real crop in the United States. “We have worked with major universities and government agencies to increase hemp as the primary crop in the US to be eligible for future economic benefit subsidies for US farmers,” said Schawelson. “Thanks to the collaboration with our farm partners over the past two years, we now have over two billion seeds in our inventory.”

About Santa Fe Farms

Santa Fe Farms is an integrated company leading the growth and development of the industrial hemp industry. Santa Fe Farms’ operating units support the growth, conversion and impact of industrial hemp into chemical and physical ingredients and components that can be incorporated into thousands of product categories starting with proteins, paper / pulp and plastics. Santa Fe Farms will be a net negative carbon business and source of compensation available to other companies looking to reduce their carbon footprint in order to meet ESG targets and / or regulatory requirements. More information is available at www.santafarms.com.