U.S. Hemp Fiber Processor BastCore Raises $2.8 Million

Industrial hemp fiber processing, manufacturing and technology company BastCore recently announced it has received $2.8 million in funding for its first significant round of venture capital financing.

BastCore specializes in buying hemp stalks and processing them into fiber products, according to a press release. The company says on its website that it produces textile-grade fiber, composite-grade bast fiber, chipped core wood and micronized core wood. Read more …

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