Round Type
series c
Description
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.