National Hemp Association Chairman Aims to Build Out U.S. Hemp Supply Chain

National Hemp Association Chairman Aims to Build Out U.S. Hemp Supply Chain

With the establishment of Collective Growth Corp., Geoff Whaling is hoping to create the infrastructure needed in the U.S. to use all parts of the hemp plant. Before Geoff Whaling was the chairman of the National Hemp Association, he had his hands in numerous other ventures related to hemp, cannabis and, before that, sports car racing. It was in those days out on the race track where Whaling met and partnered with famed actor and philanthropist Paul Newman, who years ago gave Whaling a resounding piece of advice: “Dreams never die, just the dreamer” (perhaps quoting a song by Canadian band The Coopers Brothers). To this day, Whaling credits Newman for inspiring his dream of bolstering the industrial hemp supply chain in the U.S. It’s a dream that may soon be realized by Collective Growth Corp., a company Whaling recently formed with two cannabis industry veterans he worked with in his time at Canopy Growth. Collective Growth Corp. is a special purpose acquisition company (SPAC), meaning it was formed to raise funds through an initial public offering (IPO) to invest into other companies, whether through acquisitions or other partnerships. The Austin, Texas-based company recently filed with the U.S. Securities and Exchange Commission (SEC) to raise up to $150 million in its IPO. Whaling tells Hemp Grower the idea behind Collective Growth Corp. is to build out the U.S. industrial supply chain for a means to use the entire hemp plant to its full potential. Collective Growth Corp. will be investing into “the most essential…

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Source : CANNANNEW REPORT
Link to original : National Hemp Association Chairman Aims to Build Out U.S. Hemp Supply Chain
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