X-Hemp Pty Ltd
@x_hemp_pty_ltd
Cressy, Tasmaniahttp://www.xhemp.au Agriculture, Construction, Mining Machinery ManufacturingOverview
About X-Hemp Pty Ltd
X-Hemp uses both agricultural waste and purpose-grown cannabis crops to make environmentally-friendly hemp building products.
The industrial hemp sector has been officially recognised as an emerging industry. We are Tasmania's only hemp fibre processing facility, one of a small handful currently operational in the country, and the only 100% female-owned and operated facility of this type in the world.
After securing loans as pre-seed capital to launch in mid-2021, in October 2023 we raised just over $1.5 million via the crowd-sourced funding platform Birchal. After welcoming close to one thousand new shareholders for our next stage of growth, we were then awarded a grant of $480,000 under the Boosting Female Founders scheme.
Over the past two years, we have secured supply lines, worked through innumerable start-up challenges, more than doubled the number of hempcrete homes built in Tassie over the past decade, and are ready to scale.
The industrial hemp sector has been officially recognised as an emerging industry. We are Tasmania's only hemp fibre processing facility, one of a small handful currently operational in the country, and the only 100% female-owned and operated facility of this type in the world.
After securing loans as pre-seed capital to launch in mid-2021, in October 2023 we raised just over $1.5 million via the crowd-sourced funding platform Birchal. After welcoming close to one thousand new shareholders for our next stage of growth, we were then awarded a grant of $480,000 under the Boosting Female Founders scheme.
Over the past two years, we have secured supply lines, worked through innumerable start-up challenges, more than doubled the number of hempcrete homes built in Tassie over the past decade, and are ready to scale.