Asheville-based Riverbend Malt House Inc. has raised $1.6 million from seven investors, according to a Tuesday filing with the Securities and Exchange Commission.

The company provides craft brewers with locally-farmed artisan malts while also being environmentally-friendly, reducing up to 4.5 tons of carbon emissions for every truckload of grain.

Riverbend produces 12tons to 16 tons of hand-crafted malt every month.

CEO Scott Hickman has over 30 years of experience in sales and marketing.

Before joining the company in 2016 he served as president of Tamalpais Ventures, a business and strategy consulting company.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.