UK hemp milk producer, Gaia’s Farming Co., has raised £500,000 in seed funding. The raise followed a £200,000 pre-seed round last year. The investors in the round were not disclosed. Gaia says it will use the funding to “keep building and keep innovating in the hemp space,” with a particular emphasis on expanding its team.
The company has also recently partnered with Pledge 1%, a global movement encouraging companies to donate a proportion of their staff time, product, and/or profit to a charity of their choice. Gaia will be pledging 1% of both its sales and its time.
Hemp is considered highly sustainable as it captures four times more carbon dioxide than trees, while its strong roots help to replenish nutrients in the soil and remove toxins. Every part of the plant can be used, meaning there is no waste. Gaia’s Farming Co told vegconomist that it is on a mission to change people’s views towards hemp — the plant is often viewed negatively because it is part of the same family as cannabis, despite the fact that it does not have psychoactive effects.
Gaia’s initially launched in January with two products — Hemp & Oat Milk and chocolate-flavored Hemp & Coco Milk. The latter was recently named a finalist in the Great British Food Awards 2022 and has also launched at plant-based burger chain Neat Burger.
To read the complete article, go to www.vegconomist.com
Announcements
Vacancies
Gaia’s Farming Co. raises £550K for sustainable hemp milk
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-09-27 Developer of cultivation systems declared bankrupt
- 2023-09-27 US: N.Y. cannabis industry business creates charity to give back to community
- 2023-09-26 Making sustainable choices in horticulture
- 2023-09-26 Ridder celebrates 70 years
- 2023-09-21 US (CA): LEEF Brands acquires 1,900 acre ranch to grow cannabis
- 2023-09-21 Cornbread Hemp acquires manufacturing partner, reduces prices
- 2023-09-21 AgSafe launches new suicide prevention program in support of B.C.’s agricultural community
- 2023-09-21 Cannabis entrepreneur says he was deceived in merger deal
- 2023-09-20 Columbia Care changes name to The Cannabist Company
- 2023-09-20 Portugal: GreenBe Pharma obtains authorization to cultivate medical cannabis
- 2023-09-20 BZAM lays off over 90 in final phase of merger
- 2023-09-20 Developer of mobile data centers next to greenhouse declared bankrupt
- 2023-09-19 “This investment will allow us to further develop our technology and expand our global footprint”
- 2023-09-19 Open day at Van der Valk Systemen to mark 60th anniversary
- 2023-09-18 Entourage Health amends supply agreement with Hexo after acquisition by Tilray
- 2023-09-15 "How flexible can you be when you can only adjust intensity?"
- 2023-09-15 The Arcview Group and CannabizTeam form strategic partnership
- 2023-09-15 Canopy Growth’s BioSteel sports drink files for bankruptcy as cannabis firm looks to save cash
- 2023-09-14 Noah Dramm Becker joins Dramm as marketing and sales associate
- 2023-09-13 Meteor Systems opens new facility in Mexico
