International Finance Corporation has announced plans to invest $5m in SmartPaddle Technology (Bizongo).

Based in the US, International Finance is a private equity firm, while Bizongo is an e-commerce services provider of packaging materials based in India.

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Graphic Packaging International (GPI) has collaborated with 2 Sisters Food Group (2SFG) to launch a new pizza carton with an ovenable tray insert.

“The transaction will enable Future Farm to expand its business in the cannabis market across the US.”

The new carton will be used to package Marks and Spencer’s Detroit-style Deep & Loaded pizzas.

The uniquely designed carton features a tear strip, which can be opened easily before placing the cartonboard insert tray along with the pizza into the oven.

Based in the US, Graphic Packaging is a manufacturer of folding cartons while 2SFG is a UK food manufacturing company.

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Future Farm Technologies has selected Kush Bottles to deliver customised cannabis packaging solution and comprehensive compliance solutions.

Kush Bottles is a US distributor of packaging supplies for the cannabis industry, while Future Farm is a Canadian vertical farming solutions provider.

The transaction will enable Future Farm to expand its business in the cannabis market across the US.