rePlant Hemp Advisors Opens $500 million First-To-Market Sustainable Impact Fund For Investment

rePlant Hemp Advisors Opens 0 million First-To-Market Sustainable Impact Fund For Investment
CANNANNEW REPORT

Geoff Whaling, Chair of the National Hemp Association, and Michael Woods, CEO/COO of Black Buffalo 3D Corporation, officially launch their first-to-market hemp impact fund focused on biobased innovation and decarbonizing the global economy March 15, 2022 12:24 ET | Source: National Hemp Association Houston, TX, March 15, 2022 (GLOBE NEWSWIRE) — rePlant Hemp Advisors, LLC officially opened the rePlant Hemp Impact Fund 1, LP (The “Fund”) today for investments. As the world transitions from a fossil-based economy, the Fund is focusing on bio-based innovation, a carbon-negative domestic supply chain, good green jobs, sustainable consumer products, and the verifiable sequestration of CO2. Industrial hemp is a growth industry, set to add almost $10 billion to its current $5 billion global market size in the next five years.[i] rePlant Hemp Advisors, LLC aims to place $500 million in the space by 2030, with the Fund’s first close set at $75 million. rePlant Hemp President and Cofounder Geoff Whaling said, “Hemp is a critical asset on our journey to decarbonization. For every polluting technology phased out, new cleantech must emerge. Hemp plays a vital role in many significant industries, such as green construction, plant-based proteins, bioplastics, sustainable aviation fuels and powering the electrified future of mobility. An investment in hemp is an investment in the emerging technologies that will shape our future.” rePlant Board Chair and Cofounder Michael Woods added, “Hemp offers virtually all major industries a much needed and critical path toward sustainability. A major use case is construction—as global corporations and governments seek ways to construct carbon neutral and even carbon negative buildings and infrastructure, hemp provides sustainable materials, insulation, flooring and more—right now. And in the near term, hemp will play a standout role in the development of new sustainable construction tech like structural green concrete.” rePlant Hemp Impact Fund 1, LP is…

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