Polish company raises additional €1.2m from existing shareholders
Polish hemp company Kombinat Konopny said it has raised an additional 5 million Polish zlotys (€1.2m; $1.36m) following an initial crowdfunding effort late last year…
Investment
Canadian company raises $7 million, will develop fiber factory in Europe
Canadian natural fiber specialist Bast Fibre Technologies Inc. (BFTi) said it will use some of the $7 million it recently raised to develop a European…
U.S. fiber processor says it has raised $2.8 million
U.S. fiber processor BastCore LLC said it was oversubscribed for a fund raising round of $2.8 million as it develops an industrial complex near Montgomery,…
Former NBA star invests $3 million
Former NBA star Isiah Thomas, said he will invest $3 million in his holding company, One World Pharma. The company said the money will be…
Pakistan sees key role for hemp in tech, textiles, energy
Hemp can play a key role in Pakistan’s future, which depends on the development of the technology and biotechnology sectors, according to Federal Minister for…
U.S. firm plans March startup of fiber processing factory
A Kansas, USA hemp company says it will bring a new decortication factory online in March, with plans to process stalks from up to 2,000…
U.S. company’s plans would shift hemp balance in Virginia
A Virginia, USA hemp company hopes to rally farmers to grow 1,400 acres of industrial hemp this year to feed a $3.3 million decortication facility….
U.S. hemp pricing added to exchange
Derivatives marketplace CME Group has added hemp pricing data in DataMine, its self-service online data platform. Hemp Benchmarks, a division of New Leaf Data Services,…
The Chinese Strategy: Planning a roadmap to hemp’s future
[Third & last in a series] As Chinese planners see the future, the nation will transition from a global factory for cheap, low-quality goods up…
S. Africa’s Labat takes 49% of breeder
Investment group Labat Africa Limited took a 49% interest in cannabis breeder Ace Genetics, paying with 1,804,000 Labat shares valued at 1.8 million SA rands…
