Hemp processor Shyne Labs is committed to create 60 full-time jobs for Kentuckians during the coming months with a new $9 million facility in Simpson County.
“Shyne Labs’ decision to locate in Kentucky brings with it important job opportunities for residents of South Central Kentucky,” Gov. Andy Beshear said. “I’m grateful to the company for taking this step forward in these tumultuous times, and I deeply appreciate the investment in our commonwealth.”
With over a decade of experience in the cultivation and extraction industry, company leaders founded Shyne Labs in 2019, uprooted from California and relocated to a 12,400-square-foot building in Franklin’s Wilkey North Industrial Park. Operations at its first Kentucky facility began in April. The company currently employs about 20 people at the Franklin facility – including recent graduates from Western Kentucky University and the University of Kentucky – and currently is looking to add to its diverse staff.
At the Franklin facility, the company extracts CBD oil from Kentucky-grown industrial hemp and produces a variety of CBD products, including full-/broad-spectrum oil, isolate powder and water-soluble CBD used for food and beverage products.
“Moving from California has been quite a difference, definitely for the better,” said Allan Huang, president of Shyne Labs. “Franklin is a very business-friendly city and welcomed our company to the community. I appreciate the work that the Franklin-Simpson Industrial Authority and the Kentucky Cabinet for Economic Development did to help us locate our new plant in Simpson County.”
The facility can process up to 18,000 pounds of hemp plant material per day and convert it to pure CBD isolate powder.