HempFlax invests €3 million to expand output, go ‘energy positive’
Europe’s HempFlax Group B.V. said it plans to invest roughly €3 million to transform its Oude Pekela, Netherlands factory into a facility that will expand…
Investment
Grant backs German carbon-tracking startup as it enters fundraising
German startup HempConnect is entering an initial fundraising campaign as it continues to develop a suite of advanced Life Cycle Analysis (LCA) tools that collect…
Indiana CBD facility opens
Indiana-based extractor HempRise has cut the ribbon for an $80 million, 100,000-sq. ft. CBD processing center in Jeffersonville. The company said the location near the Indiana-Kentucky…
Kentucky food maker raises $4.5m
Victory Hemp Foods of Kentucky said it has raised about $4.5 million to expand its production capacity for hemp food ingredients. The company said it…
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…
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…
