On October 12, 2022, Bast Fibre Technologies Inc. (BFT), the makers of sero™ hemp fibre, closed a major strategic financing with Ahlström Capital of Finland. BFT will immediately begin work to expand fibre manufacturing capacity at its US-flagship facility in Lumberton (NC) and its EU-facility near Düsseldorf (NRW).

Torys acted as Canadian counsel to Ahlstrom Capital with a team that included Michael Amm, Daniel Masliyah and Kirsten Hentschel (corporate/M&A).