One embodiment provides a cane processing assembly for use with a substantially cylindrical bamboo culm having a longitudinal axis and a plurality of nodes. The assembly comprising a feeder, a perforating station adjacent to the feeder to receive the culm, the perforating station having an annular cutter assembly with cutting blades positioned around an open central area that receives the culm. The cutting blades are radially movable between retracted and extended positions, wherein the cutting blades are positioned to cut into a node around the circumference of the culm. A splitter station receives the culm after the perforating station. The splitter station has a splitting blade configured to cut the culm along its length. A planar station adjacent to the splitter station has a plurality of rollers positioned to engage and flatten the cut culm into a planar configuration.