Bombay Hemp Company Pvt Ltd. (BOHECO), raised Rs3.08 Crore capital from Ginni International Limited, a textile company based in Hong Kong and existing investor, Mukhtar Tejani of Gits Food. The company had previously allotted 308,063 shares worth Rs100 each.
BOHECO previously raised 6.25 crore from a group of investors that included the notorious Ratan Tata, Chairman emeritus of Tata Sons and Sanvar Oberoi, Google India’s managing director. The company specializes in the study of cannabis for medicinal purposes. It began establishing its business-to-consumer apparel brand B Label made from cannabis and another branch of business-to-business textiles made from cannabis such as fabrics, fibers and yarns and hemp seed products as well.
The company, in partnership with the Council of Scientific and Industrial Research is conducting a study to apply the medical uses of cannabis in treating diseases such as breast cancer and epilepsy. Founded in 2013 the company fuses the potential of cannabis in sectors such as agriculture, technology and medicine as well as providing assistance to local farmers in harvesting the crop by providing premium seeds, training them in the best way of cultivating the plant and providing innovative agro-products as well as the best equipment to use when growing cannabis, for example, something like The 5 Best Grow Tents for Growing Cannabis as well as other equipment. With the growing industry of Cannabis going international, there are businesses out there that are looking to help with dispensary supplies to help with the growing demand. People often wonder where do you buy weed online in Canada because the weed business is booming there. West Coast Supply provides a fantastic service to meet all your cannabis needs.
BOHECO aims at becoming the first to produce a long-term business model in the cannabis industry in India by involving constant innovation and offering quality products and services in the view of building a sustainable economic, environmental social impact.