Seeking +/-$35 million to acquire land/farms, a processing facility and farm equipment

Industry

Agriculture

Company Type

Farms

Location

US

Size

$35,00,000

Investment Type

Equity/Debt

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Helping Great Companies Grow

Overview

  • HempFibr is seeking +/-$35 million to acquire land/farms, a processing facility and farm equipment
  • Established in 2016 in Lansing, MI – have grown 30 acres of hemp and produced $8 million in revenue
  • Focus on expansion in California, Texas, and Michigan
  • Management believes that modern hemp is in its infancy
  • Global market for hemp consists of more than 25,000 products in nine submarkets
  • Management expects $1.9 billion market for hemp products by 2022
Helping Great Companies Grow

Opportunity

  • Restrictions on growing hemp are being curtailed
  • Global market for hemp consists of more than 25,000 products in nine submarkets: agriculture, textiles, recycling, automotive, furniture, food and beverages, paper, construction materials and personal care
  • 2017 annual retail sales for hemp products estimated at $820 million and expected to increase to $1.9 billion in 2022
Helping Great Companies Grow

Solution/Strategy

  • Differentiate brand based on quality, reliability and value
  • Increase HempFibr‘s production of hemp
  • Provide superior hemp-related products relative to competitors
  • Establish a network of sales and service representatives in strategic locations worldwide
  • Sponsor seminars targeted toward consumers, dieticians, regulators, and government officials
  • Educate and disseminate information about HempFibr’s products
  • Competitively price products
Helping Great Companies Grow

Management

Ralph Carmichael

Chairman & Chief Executive Officer

Founded, invested in and sold numerous start-up companies.  Began wall street career over thirty years ago with Bear, Stearns, & Co., Inc.  After law school, worked as an associate at Cadwalader, Wickersham & Taft.  Founded RW Carmichael & Associates, Ltd., a venture capital firm specializing in advanced material sciences, aerospace and healthcare manufacturing. Founded Consortium Capital Partners, L.L.C. a venture capital firm that raised $300 million, and returned $1.8 billion to investors. Member of the bars of the New York, District of Columbia, and the United States Supreme Court.  J.D. from New York Law School and M.B.A. and B.A. degrees from Michigan State University.

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CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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