RedLeaf Receives Funding from Kentucky AgriculturalDevelopment Fund (KADF)

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RedLeaf Biologics, Inc. (“RedLeaf”), an agricultural technology company focused on producing high-value botanical extracts from red sorghum biomass, announced today that the Kentucky Agricultural Development Board (KADB) has approved RedLeaf for funding through the Kentucky Agricultural Development Fund(KADF) in the amount of $485K. 

“I think we are uniquely aligned with the mission of the KADB by offering Kentucky farmers the opportunity to diversify their crop portfolios with our sorghum,” said JordanWood, CEO RedLeaf Biologics. “RedLeaf has the potential to develop an entirely new agricultural value chain and benefit the farmers that have made it possible for us to get to this point.  We are incredibly grateful to the KADB and their team for giving us the opportunity to realize this potential” 

Founded in 2015, RedLeaf has worked closely with its local grower network to develop the proprietaryRedNaturalTM sorghum varietal, a non-GMO row crop that produces high-value compounds throughout the leaf biomass. 

“Receiving this support from the KADB reinforces the hard work that we’ve put in to grow this crop and produce our extract at a commercial scale,” said Parker Camp, RedLeafAgricultural Operations Manager. “We’re blessed with great growers and are excited to be building something new in our home state.” 

“Since the inception of theKentucky Agricultural Development Board, the mission has been to diversify Kentucky agriculture and grow farm income,” said Brian Lace field, Executive Director of the Kentucky Office of Agricultural Policy. “Partnering with RedLeaf Biologics,Inc. provides an opportunity to do both. We are excited to see their technology advancement and a new crop opportunity for Kentucky farmers.

The KADF disbursement will be used by RedLeaf to support its efforts to expand the planted acreage ofRedNaturalTM sorghum varietal across central Kentucky and continue to build the infrastructure required for large scale harvest and processing of the agricultural product. 

ABOUT REDLEAF BIOLOGICS
Founded in 2015, RedLeaf Biologics, Inc. is a fast-growth AgTech company creating the next generation of bioactive ingredients and natural products for health, wellness, cosmetics applications and beyond. At its core,RedLeaf leverages revolutionary science and patented, non-GMO plant genetics to produce rare and valuable functional ingredients from plants. RedLeaf is backed by world-class scientists and leading investors, and partners with local farmers to grow, process and harvest these unique compounds. The result is not only a portfolio of products that are natural, sustainable, and highly scalable, but a company that is revitalizing American agriculture and creating entirely new ag-tech ecosystems and drivers of sustainable economic development. 
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ABOUT THE KENTUCKY AGRICULTURAL DEVELOPMENT BOARD (KADB)
The Kentucky Agricultural Development Fund (KADF), in statute, is administered by the Kentucky Agricultural Development Board (KADB).The Kentucky Agricultural Development Board and the Kentucky AgriculturalFinance Corporation provide grants, incentives, and low-interest loans to help farmers and agribusinesses innovate and grow.
ABOUT REDLEAF BIOLOGICS
Founded in 2015, RedLeaf Biologics, Inc. is a fast-growth AgTech company creating the next generation of bioactive ingredients and natural products for health, wellness, cosmetics applications and beyond. At its core, RedLeaf leverages revolutionary science and patented, non-GMO plant genetics to produce rare and valuable functional ingredients from plants. RedLeaf is backed by world-class scientists and leading investors, and partners with local farmers to grow, process and harvest these unique compounds. The result is not only a portfolio of products that are natural, sustainable, and highly scalable, but a company that is revitalizing rural America and creating entirely new ag-tech ecosystems and drivers of sustainable economic development.