Advantage Capital Invests $2 Million in GAXtracts, Bringing New Jobs and Economic Development to Rural Georgia
Advantage Capital Invests $2 Million in GAXtracts, Bringing New Jobs and Economic Development to Rural Georgia
06/08/20, 3:09 PM
Location
las vegasMoney raised
$2 million
Round Type
seed
Advantage Capital today announced a $2 million investment in Watkinsville-based GAXtracts, an active pharmaceutical ingredients company focusing on manufacturing and processing products from industrial hemp. The investment, which was made in connection with the Georgia Agribusiness and Rural Jobs Act (GARJA), will support the company with working capital and financing to purchase new equipment, as well as bring 30 new jobs to the local community as the company expands.
Company Info
Location
las vegas, south carolina, united states
Additional Info
Advantage Capital provides financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $3.4 billion in companies from a diverse array of industry sectors and has helped support more than 50,000 jobs. Learn more at www.advantagecap.com, or via Twitter or LinkedIn.