Front Range Bio Acquires Hemp Genomics Co. Steep Hill

Front Range Biosciences, an agricultural biotech company that specializes in high-value crops like cannabis and hemp, announced this week its acquisition of Steep Hill’s Genomics Research & Development team.

Through this partnership, FRB will further build out its IP library and accelerate key research in the pursuit of healthy and dependable crop yields. Ultimately, this allows FRB to continue providing unique and advantaged cannabis and hemp varieties to farmers and growers, further supporting the industrial hemp market, which is projected to hit $20 billion in 2024.

“To partner with an esteemed group like Steep Hill represents a pivotal moment in our company’s life cycle, as well as the industry overall,” said Dr. Jonathan Vaught, CEO and Co-Founder of FRB. “The more leaders we can have come together and collaborate for the advancement of the space, the better.”

Related Links:

Big Opportunities: Michigan Cannabis Market 'Could Easily Eclipse $2B'

Green Peak Joins Forces With Michigan-Based Short's Brewing To Create Cannabis-Infused Beer, Edibles

Posted In: Front Range BiosciencesCannabisM&ANewsMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.