Cleantech Co. Bast Fibre Technologies Raises $7M In New Round Including Merida Capital

Bast Fibre Technologies (BFT), a cleantech natural fiber engineering company working with hemp, announced this week the closing of a CAD$8.5 million ($7 million) Series A financing round.

U.S.-based private equity firm Merida Capital Holdings is a key new shareholder in this Series A financing, which also includes significant participation from existing investors.

The company will now enter its next phase of …

Full story available on Benzinga.com

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