Mumbai-Based Cannabis Company Raises 3.08 Crore Funding
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 Sci...