Canadian bast fiber company raises $3.3M from angel investors

A Canadian company that makes natural nonwoven fibers says it has raised $3.3 million, mostly from angel investors, to help finish developing a proprietary processing plant in Europe. Victoria, British Columbia-based Bast Fibre Technologies made the announcement this week, saying the investors are buying common shares and will get an equity stake in the company. […]

Economic recovery money still available for hemp farms and businesses, despite USDA shun

Storefronts are re-opening and farms are commencing with planting season, and hemp and CBD and businesses continue to seek out loans and disaster relief money as economic recovery begins. Hemp industry members bristled at an announcement from federal agriculture officials in late May that money set aside for farmers wouldn’t be going to anyone growing […]

Hemp sections gutted from North Carolina farm bill to ensure House passage

Lawmakers in North Carolina stripped all proposed hemp regulation from the state’s farm bill in order to get it passed, surrendering their attempt to put more permanent guidelines in place following a months-long spat between farmers and law enforcement over smokeable hemp. State lawmakers in the House voted 86-34 in favor of the stripped-down bill, local […]

‘Colombia is very well positioned to outcompete’ on hemp: Q&A with Savanna Ventures’ Manuel Baselga

The market for exporting hemp from Colombia to the rest of the world is getting off the ground and Manuel Baselga sees a bright future for the commodity in his country. Baselga is co-founder and board member of Savanna Ventures, a venture capital firm investing in cannabis companies internationally, but heavily focused in Colombia. Based […]

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