1.6 million euros for Hanf Farm: Federal Ministry for Economic Affairs and
Climate Protection funds bio-economy project

EQS-News: SYNBIOTIC SE / Key word(s): Financing
1.6 million euros for Hanf Farm: Federal Ministry for Economic Affairs and
Climate Protection funds bio-economy project (news with additional features)

25.04.2024 / 12:33 CET/CEST
The issuer is solely responsible for the content of this announcement.

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The Federal Ministry for Economic Affairs and Climate Protection (BMWK) is
funding a Hanf Farm project in the field of industrial bio-economy with 1.6
million euros. The official funding decision has now been handed over to
Managing Director Rafael Dulon and Project Manager Michael Bieder by State
Secretary Stefan Wenzel at the Hanover Trade Fair. Wenzel recognised the
importance of research and development in the field of bio-economy when
handing over the decision. Hanf Farm GmbH is a company of the German
industrial hemp and cannabis group SYNBIOTIC SE.

The funding serves to advance the planning and implementation of automated
and AI-supported production for processing biogenic raw materials, including
hemp, miscanthus and crops from the agricultural use of peatland sites. The
project and the funding from the BMWK mark a significant breakthrough in the
sustainable production and development of the industrial bio-economy.

Rafael Dulon, Managing Director of Hanf Farm: "We are very grateful for the
financial support from the BMWK. The funding enables us to realise our
vision of sustainable and efficient production of organic raw materials and
to make an important contribution to the development of the industrial
bio-economy."

Michael Bieder, Project Manager Hanf Farm: "The project is a milestone in
the field of industrial bio-economy. For the first time, the BMWK is funding
the planning and implementation of a fully automated and AI-supported
factory for industrial hemp and lignocellulosic fibre raw materials. This
innovative approach not only promises to increase efficiency and
sustainability in production, but also paves the way for future developments
in this area."

Hanf Farm GmbH is a leading company in the field of sustainable organic raw
material production and sees the funding from the BMWK as confirmation of
its efforts to create a future-orientated and environmentally conscious
economy.

The photo shows from left to right Claudia van Veen (moderator), Michael
Bieder (Project Manager Hanf Farm), Rafael Dulon (Managing Director Hanf
Farm) and State Secretary Stefan Wenzel (BMWK).

About Hanf Farm
Hanf Farm GmbH specialises in the cultivation, processing and global
marketing of high-quality hemp products. The aim is to establish hemp as a
cultivated plant in Germany and Europe and to integrate it into agricultural
cycles. Hanf Farm GmbH attaches great importance to producing innovative and
sustainably valuable products and to taking equal account of ecological,
social and economic aspects. Hanf Farm GmbH is a company of the industrial
hemp and cannabis group SYNBIOTIC SE.

About SYNBIOTIC
SYNBIOTIC is a listed group of companies in the hemp and cannabis sector and
pursues a buy and build investment strategy focussed on the EU. The group
covers the entire value chain from cultivation to production and retail -
from the field to the shelf. The core businesses of the vertically
integrated company are research and development, production and
commercialisation of hemp, CBD and cannabis products. SYNBIOTIC has a clear
strategy to further expand along the value chains of its business areas -
hemp and CBD, medical cannabis and consumer cannabis.

Publisher
Hanf Farm GmbH
Rafael Dulon | Managing Director
Dorfstraße 58
17209 Melz
Germany

Media contact Hanf Farm
Michael Bieder
Landline +49 39923 714758
E-mail michael.bieder@hanffarm.de
Internet www.hanffarm.de

Media contact SYNBIOTIC
Rüdiger Tillmann
SYNBIOTIC
Public Relations Manager
E-mail ruediger.tillmann@synbiotic.com
Mobile +49 171 3677028
c/o JOLE.group


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Additional features:

File: https://eqs-cockpit.com/c/fncls.ssp?u=d3142f1db8feb6bbab35a675601fb999
File description: SBX Hanf Farm BMWK

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25.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        SYNBIOTIC SE
                   Münsterstr. 336
                   40470 Dusseldorf
                   Germany
   E-mail:         office@synbiotic.com
   Internet:       https://www.synbiotic.com/
   ISIN:           DE000A3E5A59
   WKN:            A3E5A5
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt, Munich, Tradegate Exchange
   EQS News ID:    1889627

End of News EQS News Service
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1889627 25.04.2024 CET/CEST