Open Book Extracts Receives Strategic Investment From Btomorrow Ventures As Lead Investor In Series C Financing
Open Book Extracts Receives Strategic Investment From Btomorrow Ventures As Lead Investor In Series C Financing
09/15/22, 12:50 PM
Location
roxboro
Industry
manufacturing
consumer goods
Round Type
series c
Open Book Extracts (OBX), a leading global ingredient manufacturer and product development house for the industry's most innovative and highest quality cannabinoid-enabled products, today announces the completion of its Series C financing round. The funding secured could total between $20 million and $25 million (dependent upon achieving certain milestones).
Company Info
Location
roxboro, north carolina, united states
Additional Info
Headquartered in Roxboro, N.C., Open Book Extracts is an NSF cGMP-certified manufacturer of premium 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 and manufacturing 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. OBX offers concept-to-market formulation and manufacturing services, leveraging a broad portfolio of cannabinoid ingredients, leading water-soluble technology and unique delivery mechanisms to help its clients bring to market a wide range of finished goods, from core softgels, capsules, and gummies, to orally dissolving tablets, tongue strips, and aerosol sprays.