DALLAS - Thursday, 06. April 2023
The Aka-Ag subsidiary of Southern Ute Growth Fund inks deal becoming an equity partner in Panda Biotech’s Panda High Plains Hemp Gin
(BUSINESS WIRE) -- Panda Biotech announces a landmark equity partnership deal between the Panda High Plains Hemp Gin™ (PHPHG) project and the Southern Ute Indian Tribe Growth Fund (Growth Fund). The Growth Fund is owned by the Southern Ute Indian Tribe, a federally recognized tribe. The strategic alliance was inked with Aka-Ag, LLC, a Growth Fund subsidiary.
The investment marks a significant advancement toward PHPHG’s much-anticipated Q4 2023 launch. Located in Wichita Falls, Texas, PHPHG is on track to become the largest hemp decortication center in the United States and among the world’s largest industrial hemp processing facilities.
President Dixie Carter says of the deal, “Panda Biotech could not have selected a better equity partner for our firs
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