Throughout the last 6 months, the Heartland team has made huge leaps forward as we establish our industrial hemp supply chain. Focusing on using industrial hemp as an additive to plastics has allowed our team to work with top companies in the automotive, packaging, marine, aerospace, and healthcare industries.
Leaders at manufacturing companies across market sectors have spoken: the future of our industry is sustainable. The Heartland team is simply giving the market what they’ve always needed, a reliable supply chain of hemp-based materials.
As we focus on product consistency, we have been fortunate to surround ourselves with experts who are working alongside us to optimize our farming and processing standard operating procedures. Low-cost, carbon-negative, materials are only valuable to our manufacturing partners if we can ensure consistent supply and performance characteristics. Our team is making this a priority as we create the first reliable supply chain of hemp-based materials that manufacturers can use as additives in their plastics.
Fortunately, the leaders in finance have started to listen to the leaders in manufacturing.
Our team is pleased to announce a completed round of financing with Bank of Ann Arbor to establish the future of sustainable materials in manufacturing. Bank of Ann Arbor see’s Heartland as a leader in material innovation, and will work alongside Heartland’s team to connect with leaders across finance and manufacturing to fuel the adoption of sustainable materials.
This is an important step in the right direction as Heartland establishes the first American industrial hemp supply chain. American manufacturing is a trend line that will encourage executives to partner with reliable raw material suppliers that can give them a leg up on the competition.
The financing through the Bank of Ann Arbor will fund Heartland’s initial facility. This processing center will be online in the Summer of 2021, and will provide hemp-based materials to manufacturers for product development. By the end of 2021, the Heartland team will start building its flagship facility in Detroit. This larger facility will have the capacity to process over 200,000,000 pounds of industrial hemp every year. Heartland’s industrial hemp supply chain will be the sustainable backbone of the U.S. manufacturing industry.
Our partnership with the Bank of Ann Arbor is rooted in the bank’s passion for supporting the manufacturing base in Southeast Michigan. Manufacturers can build stronger, lighter, cheaper, and more sustainable products by using hemp-based materials from Heartland. Bank of Ann Arbor’s investment into our bio technology will benefit the Michigan manufacturing ecosystem for years to come.
This next round of financing further establishes Heartland as a leader in the raw material supply chain for manufacturers looking to put sustainable materials in their plastics. Our financing relationships within the Detroit Metropolitan area will prove valuable as Heartland continues to navigate working with some of the top manufacturers on the planet.
Michigan is the #1 state in America for advanced manufacturing, so it makes sense that many of these manufacturing leaders are looking for the next raw material that will change their business.
So far, the feedback we’re getting from the local community is great. Now that the banks have started to pay attention, we’re building momentum. Farmers, employees, customers, investors, and the community at large are all aligned to our mission and vision. Our stakeholder base is growing by the day.
It’s time to take the next step to make sustainable materials the standard across manufacturing. This financing through the Bank of Ann Arbor gets our team off to the races. The starting line is now in our rearview mirror, and the road ahead is filled with innovation, opportunity, and sustainability.
Join us as we build a world out of hemp.
— Heartland Team