Open Book Extracts Raises Series C Funding Round
04/06/22, 8:53 AM
Round Type
series c
Open Book Extracts (OBX), providing high quality cannabinoid ingredients, concept-to-market formulation services, and finished goods manufacturing for the industry's leading brands, announced the first close of a Series C equity financing round. This round of funding, led by KEY Investment Partners, is a resounding vote of confidence in the Company and positions the Company to continue providing top tier quality and service to its quickly expanding client base. The financing will be used to expand finished goods manufacturing capabilities, to support ongoing and new safety studies and efficacy research, and to accelerate international distribution opportunities.
Company Info
Additional Info
Headquartered in Roxboro, N.C., Open Book Extracts is an NSF-certified manufacturer of premium plant-based cannabinoid products, aiming to be the industry's true north by delivering premium products, exceptional service, and industry-leading transparency. With control of the entire supply chain, a state-of-the-art extraction campus near North Carolina's Research Triangle, proprietary refinement and conversion methods backed by a growing IP portfolio, and a team of PhD chemists and seasoned business leaders, OBX is the trusted partner for global brands seeking to enter the marketplace.
For more information, visit https://openbookextracts.com/.