A company just inked the first ever deal to supply US-grown hemp fiber to an apparel company
A Nebraska-based company signed Thursday the first contract to supply US-grown hemp fiber to a sustainable apparel company, according to an investor close to the deal.
Bastcore, LLC, purchases raw hemp grown by US farmers and has a proprietary process for converting hemp stalks into commercial materials, for textiles, composites, and energy production.
"This fiber supply contract marks a historic milestone in the U.S. Hemp Industry, and particularly for American-made hemp textiles, since the passage of the 2014 Farm Bill," Bastcore CEO John Lupien said in an announcement obtained by Business Insider.
The hemp is sourced from farms in Colorado, Kentucky, and Minnesota, and Bastcore plans to work with farmers in North Carolina and New York also as those states develop the legal framework for growing hemp.
The hemp will be used by Recreator, a Los Angeles-based apparel company that focuses on "bringing regenerative agricultural practices to the American fashion industry,"...
