Seven figure investment
Thomson’s Inverleith backs hemp based food firm
Ben Thomson: investor (pic: Terry Murden)
Inverleith, the Edinburgh-based private equity firm chaired by Ben Thomson, has taken a majority stake in a food and drink brand making products from hemp seed.
Braham and Murray Good Hemp was founded by Henry Braham and Glynis Murray at their Devon farm and have been pioneers in developing food ingredients from hemp.
They launched their first product into the UK retail market in 2004. The firm now produces a range of hemp-based consumer brand products including a milk alternative, natural protein supplements, protein flours and hemp seeds.
The “significant” seven-figure investment will allow the company to expand the distribution of its milk alternative product in the UK and overseas, widen its product portfolio and embark on a new marketing campaign.
Ben Thomson, the former chief executive and chairman of investment bank Noble Group, said: “Henry and Glynis have built a tremendous business from the ground up through their vision of what could be achieved with hemp.
“We are really excited about Good Hemp’s products and believe Good Hemp has the potential to gain a significant share within the fast growing milk alternative market, as well as within other plant based categories.”