Hemp is one of the greatest, most important substances of our nation.
Canaveda is a hemp-based consumer products company headquartered in Kathmandu, Nepal. The company opened its doors to business in 2019 after five years of research and development and successful initiation of large-scale production in 2018. Today our products are primarily exported to European markets, the United States, Middle East and a small share is also sold to local distributors in Nepal.
The global hemp industry has showed tremendous growth in the last decade and estimated prospects term the industry has highly lucrative over the next five years. Across the world, businesses of various scales are entering the industry with a rising demand for hemp yarn. While our portfolio incorporated finished products up until mid-2020, we intend on becoming the largest exporter of hemp yarn to global businesses in Nepal. It is possible to use hemp for a variety of day-to-day products and materials.
Our current scope of work using hemp ranges from basic aspects such as hemp research, processing, production and recycling of hemp fabric, to the assessment of hemp-based construction materials. In doing so, we address many concerns that worry the world. Our work inherently addresses issues and helps toward environmental conservation, generation of employment, preservation of culture and a pressing need to adopt a sustainable lifestyle.
To this end, Canaveda is doing everything in its capacity to champion the Sustainable Development Goals put forward by the United Nations, and playing its part toward global development.