Based on future prices, it is estimated that Crailar’s production costs would be $0.42 USD [$0.52 CAD] per pound versus $0.62 USD [$0.76 CAD] for conventional cotton, and $1.50 USD [$1.85 CAD] for organic cotton.
Hemptown and Crailar adhere to a "triple Bottom Line" philosophy: human rights of employees, the environmental impact of the company’s operations and fiscal responsibility.
The product is named after the town of Craik, Saskatchewan, where the enzyme is being tested. Initially, Crailar technology will be licensed and produced in Craik in 2006-2007, with clothing products and raw fabric anticipated to start shipping to department stores in Spring 2007. More than 2,500 hectares of hemp were grown in Canada last year, according to the Saskatchewan Hemp Association.
More information on Crailar.
Hemptown's press release: Crailar (PDF)