Cousins Rick Bonde, left, and Steve Bonde founded Boulder Creek Technologies in Arvada. (Instagram)
An eco-friendly CBD extraction company in Arvada is bankrupt and going out of business.
Cousins Rick and Steve Bonde founded Boulder Creek Technologies in 2019. The former is a retired music executive who represented rock bands Blink-182 and Sublime, the latter a trained chemist, inventor and hemp consultant, according to media reports.
“My cousin called me last year and said, ‘I’ve got a great idea on how we can help the hemp industry be more eco-conscious and efficient,’” Rick Bonde told the Colorado hemp industry publication Let’s Talk Hemp in 2020. “Right away I asked, ‘When can we start?’”
Boulder Creek Technologies makes equipment that, through the use of vapor and static, extracts CBD without burning fossil fuels or applying chemical solvents.
“I am forever grateful to get to work with my cousin and build a family business,” Steve Bonde said in 2020, “but more importantly, I want to be a steward of positive change.”
The Bondes and their attorney did not answer BusinessDen’s requests for an interview.
On Feb. 26, Boulder Creek Technologies filed for Chapter 7 bankruptcy. Chapter 7 requires a liquidation of the company’s assets and a distribution of the proceeds to creditors.
Boulder Creek owes $1 million to an Oregon company that financed its equipment; $614,000 to Maratek Environmental, a Canadian company and business partner; $60,000 to vendors and $7,000 to lawyers, according to the company’s bankruptcy paperwork.
Its only tangible assets are $195,000 in equipment. It also holds a patent valued at $17,000 and has $1 million in net operating losses that it could deduct from future federal taxes. Boulder Creek’s gross revenue was $1 million last year, way down from $3.6 million in 2022.
The company’s bankruptcy lawyer is Keri Riley with Kutner Brinen Dickey Riley in Denver.
Cousins Rick Bonde, left, and Steve Bonde founded Boulder Creek Technologies in Arvada. (Instagram)
An eco-friendly CBD extraction company in Arvada is bankrupt and going out of business.
Cousins Rick and Steve Bonde founded Boulder Creek Technologies in 2019. The former is a retired music executive who represented rock bands Blink-182 and Sublime, the latter a trained chemist, inventor and hemp consultant, according to media reports.
“My cousin called me last year and said, ‘I’ve got a great idea on how we can help the hemp industry be more eco-conscious and efficient,’” Rick Bonde told the Colorado hemp industry publication Let’s Talk Hemp in 2020. “Right away I asked, ‘When can we start?’”
Boulder Creek Technologies makes equipment that, through the use of vapor and static, extracts CBD without burning fossil fuels or applying chemical solvents.
“I am forever grateful to get to work with my cousin and build a family business,” Steve Bonde said in 2020, “but more importantly, I want to be a steward of positive change.”
The Bondes and their attorney did not answer BusinessDen’s requests for an interview.
On Feb. 26, Boulder Creek Technologies filed for Chapter 7 bankruptcy. Chapter 7 requires a liquidation of the company’s assets and a distribution of the proceeds to creditors.
Boulder Creek owes $1 million to an Oregon company that financed its equipment; $614,000 to Maratek Environmental, a Canadian company and business partner; $60,000 to vendors and $7,000 to lawyers, according to the company’s bankruptcy paperwork.
Its only tangible assets are $195,000 in equipment. It also holds a patent valued at $17,000 and has $1 million in net operating losses that it could deduct from future federal taxes. Boulder Creek’s gross revenue was $1 million last year, way down from $3.6 million in 2022.
The company’s bankruptcy lawyer is Keri Riley with Kutner Brinen Dickey Riley in Denver.
