Cision Newswire, February 2, 2021
Canadian Rockies Hemp Corporation (CRHC), an Alberta-based agribusiness that focuses on processing hemp at scale for industrial use outputs, has announced the closing of a CAD $18 million equity and debt financing led by Merida. The company will use the proceeds to complete construction of their Bruderheim biorefinery, the first of several planned across Western Canada. CRHC provides a sustainable, consistent supply of processed hemp to manufacturing facilities globally for numerous product outputs including textiles, pulp and paper, animal bedding, rope and twine, building and insulation materials, composites and automobile components. "The Industrial Hemp Industry is just being developed in North America, and the opportunity is massive, with demand from various industries across the globe," said Merida Capital Holdings Partner Mina Mishrikey. "Today, there are many holes in the North American value-chain, in particular the processing of raw materials. We feel that CRHC is a best-in-class operator which has thoughtfully strategized their approach to provide a sustainable, consistent supply of processed hemp to manufacturing facilities worldwide." Click here to read the full release.