Jun 3, 2021
Santa Fe Farms, a New Mexico hemp company, names veteran executive as its chief strategy officer – Albuquerque Business First
A New Mexico hemp company has named a veteran executive as its chief strategy officer who will drive future acquisitions, expansion and investment opportunities.
Kimberly Kovacs joined Santa Fe Farms this month. Most recently she was CEO and chair of the Arcview Group, a Bay Area-based company that works with companies in the cannabis and hemp industries.
Kovacs said the opportunity will allow her to continue efforts to find sustainable solutions to address global carbon reduction and build upon an existing relationship between Arcview and Santa Fe Farms.
“I look forward to continuing my advocacy for carbon neutrality, ESG investing, and environmentally sustainable business practices with the team here at Santa Fe Farms,” she said in a prepared statement.
Santa Fe Farms is led by founder and CEO Steven Gluckstern.
“For hemp to reach its full potential in transforming global agriculture, it is crucial that we expand production to industrial applications such as building materials, textiles, and advanced carbons,” he said. “Under Kim’s strategic direction, our company can make a powerful impact by leveraging hemp as a tool for positive change around the world.”
Kovacs has spent more than 25 years in executive leadership and finance, according to a news release. She is also managing director of Arroyo Ventures, a strategic advisory and investment firm for high-net-worth female investors and women entrepreneurs. Her advocacy for carbon neutrality has led her to collaborate with the California Air Resources Board, the Texas Commission on Environmental Quality and the EPA on developing clean fuel standards and initiatives.
Founded in 2019, Santa Fe Farms creates cannabinoid products for personal, medical and wellness use.
Last September, the company acquired Albuquerque-based hemp services company Fathom NM, Business First’s Collin Krabbe reported. Fathom offered agricultural services to hemp farmers — including the harvesting, shucking, drying, milling, prepping and sealing of crops — and access to buyers and sellers. The acquisition provided Santa Fe Farms with access to a full vertical range of hemp services, from the cultivation process to the sale of product.
The deal, which Business First named Manufacturing Deal of the Year, also laid the foundation for a a multimillion-dollar expansion in Albuquerque. Prior to the acquisition, Fathom NM expanded into a 50,000-square-foot building at Albuquerque’s Mesa del Sol development. Santa Fe Farms had plans to break ground on another building at the development, where it aims to consolidate operations.
Business First previously reported the expansion could reach 100,000 square feet.
Gluckstern on Thursday said the company’s goal of opening a major processing facility in New Mexico is still in the planning process. He pointed to beginning operations in time for the 2022 growing season.
by Chris Keller