Financial help for tobacco dye and fibre brand
Canada-based ComWest Enterprise Corp has made an equity investment of US$1 million in US-based Ploughboy, which operates under the Ploughboy Organics brand.
Ploughboy’s patent-pending technology converts the tobacco plant into dyes, fibres and textiles.
According to the brand’s founder and CEO, Suzanne DeVall, the tobacco plant can be grown in a certified organic manner, allowing the plant to be used in its entirety with minimal environmental impact and waste.
Ms DeVall also claims it is naturally antimicrobial and produces natural, organic fibres that can be blended with cotton, wool, silk and cashmere.
Pre-commercial production of the dye concentrate is expected to be in place later this summer. Ploughboy is planning to produce sample dye orders for major retail brands and textile manufacturers, and hopes to be in a position to expand its reach through licence agreements with major dye houses across North America.
Comwest already owns a 90% interest in Peerless Garments,
which manufactures, sells, and imports garments in Canada.
