The company is raising $105 million to deliver these unique products, an industrial hemp replacement for plastic cup, trays and serving dishes to our initial key clients, which includes a supplier to probably the world’s largest fast food chain) and other genuine and committed off-takers. They are strategically positioned to lead in the ESG (Environmental, Social, and Corporate Governance) marketplace with its innovative suite of petrochemical plastic replacement products. Their products are uniquely formulated with industrial hemp as a core ingredient, offering a sustainable alternative to traditional plastics. They are utilizing their proprietary formulations, and will produce biodegradable and compostable input materials to replace traditional petroleum-based products. The company has achieved significant milestones, including securing a purchase order from one of the largest global plastic manufacturers, validating their product’s global viability. Additionally, they have established partnerships with key supply chain operators, ensuring a stable source of raw materials and facilitating large-scale production. A robust network of key raw material suppliers has been established to support their bio resin manufacturing. The supply chain includes prominent industrial hemp suppliers.