CRAiLAR lands $3.5M in debentures

CRAiLAR lands $3.5M in debentures

Portland natural fiber goods maker CRAiLAR Technologies is close to getting $3.5 million in subordinated convertible debentures.

CRAiLAR plans to use those proceeds for capital equipment and “general corporate purposes.”

The company makes natural fiber with flax, hemp and other bast fibers. CRAiLAR’s products are used for textile, industrial, energy, medical and composite material applications.

Read more at Sustainable Business Oregon.