Michigan-Based Developer Abandons Farming Plan as Investors Recoil Over Strategy
Michigan-based Heartland Corporate Holdings LLC (“Heartland Industries”) has canceled plans to grow 5,500 acres of fiber hemp this year after potential investors backed out, citing reservations over the company’s strategy. Heartland confirmed that it failed to make payments April 1 under farm lease contracts with 20 Michigan growers, the result of investor reluctance over the …
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