CGT Supplies HempTrain™-Produced Hurd Into Rapidly Growing Alternative Packaging Market
CALGARY, Canada, August 5, 2021- Canadian Greenfield Technologies Corp. (CGT or “the company”) is delighted to announce that the company is now commercially supplying hemp hurd for MUSHROOM packaging®, a registered trademark of Ecovative Design. The hemp hurd is used in the mass-production of a sustainable alternative for packaging and other formed products using mycelium-based technologies. The hurd that CGT produces is specially processed, using its own state-of-the-art HempTrain™ Advanced Processing Plant.
The key to winning this contract, after extensive evaluation, is the ability of HempTrain™ technology to produce specification-sized, uniform, flowable, clean hurd, with proven, ensured supply. Product of this type is otherwise practically unavailable from conventional sources. MUSHROOM Packaging® & products are a rapidly growing industry, producing sustainable and biodegradable products that are being licensed and adopted by major brands such as IKEA, Stella McCartney, Dell, Adidas, Lululemon, and Hermes.
This is yet another example of the unique ability of HempTrain™ Technology in commanding high-value, large markets for hemp products.
According to a 2019 Mushroom Packaging report, the global market was USD $42 million in 2018 and is expected to reach USD $118 million by 2025, at a CAGR of 15.6% between 2019 and 2025.
About Canadian Greenfield Technologies Corp.
CGT is an award-winning Calgary-based engineering & manufacturing company specializing in hemp products and processing technologies. An off-shoot of an international-award winning industry group in business since 1987, CGT is an industry leader with unparalleled expertise in hemp processing and the only supplier of complete whole plant hemp processing facilities in North America, having developed, designed, engineered, and manufactured the state-of-the-art HempTrain™ Advanced Processing Plant.
CGT's operations are structured into two divisions: The HempTrain™ Division, involved in manufacture of HempTrain™ technology for open market, and a Hemp Products Division, involved in the manufacture of hemp products, including HempAlta™ branded products and the ASTM/CSA-compliant NForce-Fiber™, using company’s own HempTrain™ facilities.
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