Overview: Renaissance Park Corporation (RPC) is unlocking a new era of high-performance, eco-friendly products paving an expeditious path to a more sustainable future. It is a multi-faceted industrial, technology and community development company, centered on the various uses of industrial hemp and other natural ingredients. By scaling the utilization of hemp and other natural ingredients into various products within industries such as textiles, food, building materials, health & wellness, beauty care, paper & packaging, aviation & automotive, even supercapacitors and integrated circuits, RPC aims to streamline the entire lifecycle of nature-based productization from cultivation to consumption, effectively creating the necessary infrastructure for industry enablement. RPC further is engaged in availing technology products to develop a decarbonization platform to support climate accounting and the tokenization and monetization of carbon credits, which turn cost-centers into new revenue generation. The RPC model involves selective acquisitions and joint ventures, each utilizing hemp and other plant substances as a raw material, with RPC consolidating demand and supply chains, coordinating distribution and elevating plant-derived products. As its collective scales, RPC will develop shared campuses to co-locate research and productization close to farming communities to add further efficiency. In effect, RPC is a focused “industrial incubator”, bringing structure to a nascent yet global market.
Hemp: A recently globally legalized, climate-smart commodity, the non-THC strain of cannabis sativa L., can be fabricated into a multiplicity of products. It is carbon negative, meaning It sequesters more CO2, than it takes to produce, while remediating soil chemistry: thus, a contributor to a better environment. The plant’s construction represents a unique opportunity, in that all parts of the plant (flower, seed, grain, hurd, stalk, roots) can be used in various product offerings. Being highly nutritious as food, considerably insulative as a building material, and offering compelling strength, light-weightiness and tensility as paneling for planes, trains and automobiles: hemp’s functional characteristics seem unmatched, independent of its organic benefits.
Market Opportunity: From CPG companies, major brands, specialty retailers, and the end consumer, there is growing demand for eco-friendly products across most market segments. Too many industries rely on toxic inputs, e.g., petroleum-based components, which fail to biodegrade, raising landfill levels (e.g., nylon, acrylic, polyester in textiles) and releasing GHG globally. Substituting natural or environmentally benign materials, such as hemp, will have a substantive positive eco-impact, while availing trillions of dollars of product opportunities.
Unique Business Model: As hemp is a nascent industry, commercial infrastructure is lacking, including inconsistent and inadequate supply chains and underdeveloped demand chains. RPC will centralize the sourcing of hemp for the benefit of its operating companies and partners, while accelerating distribution of end products through its network of major brands, specialty and big box retailers. Its technology platform will capture/analyze data across seed research, cultivation, and productization to aid other hemp constituents in developing the industry footprint. The platform will enable RPC to measure and report on “climate impact” and further monetize through Carbon Credit exchanges.
At the present time, RPC has LOIs with three companies and is in negotiations with five others, including one which owns an industrial campus, which RPC may acquire to accelerate its development. Further, RPC is in discussions with governments and NGOs about collaboration in Morocco, Saudi Arabia, Mexico, India and the EU.
Revenue Model: Five primary sources of revenues: (i) product revenue from target acquisitions and de novo initiatives; (ii) revenue share from joint ventures; (iii) monetizing research and insights; (iv) sale of carbon credits; and (v) value creation from JV ownership interests.
Team: RPC has assembled a multi-disciplined team within the agriculture and agtech, CPG, fashion, policy, banking, and SCM industries. It has developed alliances with farming communities, government agencies and global agronomic institutes, to support its ongoing research and productization efforts.
Technology: A data-first organization, RPC is supported by a broad ERP system, with intended 4IR applications such as AI, IOT and ML for capturing, assessing and modeling data of its campus and agriculture initiatives. Its proprietary data lake and hemp intelligence platform has been designed to consolidate and share data with industry constituents, such as corporates, government, farmers, retailers, and academia. Additionally, this platform will report “Impact Accounting” metrics mandated by ESG reporting standards.
Social Impact: The expansion of the use of hemp in lieu of toxic materials benefits both people and planet. As earth’s “purifier”, hemp in ground and in product form sequesters carbon, remediates soil chemistry, and improves “end-of-life” disposition of many products. Further RPC dedicated campuses will be in areas in need of socio-economic development, generating employment and local wealth creation opportunities.
Financial Forecasts:
Timing & Ask: RPC has raised $2.0+ million to date and has financing commitments of $150+ million in the form of senior debt, subordinated debt and preferred equity for its first phase. Pending the subject funding, revenues will be generated via acquired targets and JV activity within 120 days. Currently, the Company is raising up to $5 million for general purposes to continue technology and corporate development.
Exit Strategy: Given the real estate model, RPC will seek to access the capital markets as a REIT or become a strategic acquisition of an asset manager. Also monetizing via spinouts of JVs and acquisitions.
