PGFF
Industry:
Chemicals

DESCRIPTION

Pioneer Green Farms is a small Florida-based hemp cultivator that grows hemp and sells extracted oil to wholesale buyers. The company operates two farm locations — a leased greenhouse facility at Drymon Citrus Nursery and a 5-acre purchased farm in Myakka City, Manatee County — growing both indoors and outdoors to enable year-round production. Pioneer's primary product is a THC-free Broad Spectrum CBD Distillate (~94% CBD), which wholesale customers use as an ingredient in downstream consumer products like supplements, tinctures, topicals, and edibles. The company also grows CBG (cannabigerol) flower indoors as a premium product. Pioneer outsources extraction to third-party facilities that come on-site at harvest, keeping its cost structure lean across its 8-person operation. Revenue would be driven by oil volume and wholesale pricing, with a stated focus on international markets, particularly Europe. Pioneer has completed multiple harvests since 2021 but has not yet recorded any sales, and is working with an international broker to sell its existing inventory. The company has aspirations to eventually sell finished, branded consumer products directly, but has not pursued this in any meaningful way.

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