Never had that brand. Its my understanding that its made from green sugarcane. I grew up eating sorghum molasses. We grew our own sorghum.
Yes it's a by-product of sugar cane. I once did a big cogeneration power upgrade at the Rio Grande Valley Sugar Mill in Santa Rosa. They burn the cane fields and follow directly behind with some pretty gnarly looking harvesters, cutting the cane up into pieces and loading it into 18 wheelers to be driven to the mill. They boil the cane to extract the sugar, then they grind up the spent cane into a fine white powder from hell called bagasse. They use that to burn as fuel which produces the steam to run the generators that power the plant. They had several large vessels where they stored the fresh molasses. The Operators didn't mind if you cracked a valve to fill a few bottles or jugs for yourself. Between the smell and smoke from the fields causing a never ending runny nose and constant coughing, the mandatory wearing of face masks and goggles that always fogged up, the flies always in your face aggravating the bejesus out of you, and the bagasse in the air penetrating every crack and crevis on/in your body while you sweat, I hated every day of working there......but that molasses was good! LOL.