Open Book Extracts,a provider of cannabinoid-enabled health and wellness products, has reached $20 million in its Series B funding round, up nearly $10 million from in July, and could be on its way to $25 million if certain milestones are met.
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Open Book Extracts has raised $11.5 million and hired three executives, all focused on growth. Here are the details.
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TransEnterix and RedHill BioPharma are raising cash; a Roxoboro startup is pursuing cannabinoid therapeutics; a new group – Women in Climate Tech – launches in Durham, and Parexel is expanding inclusion efforts for clinical trials.
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Open Book Extracts said it estimates that South Africa represents a “$6.4 billion market opportunity” for cannabis.
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Open Book Extracts, an startup industrial hemp company that controls the entire supply chain from soil to oil, on Monday disclosed it has reached terms on a deal to acquire Chilmark Labs, a cannabinoid research and development/manufacturer.
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Open Book Extracts is an industrial hemp company that controls the entire supply chain from soil to oil. Production started two weeks ago, and the startup has begun selling Full Spectrum Distillate, Isolate, and THC-Free Distillate, as well as finished goods, including capsules and tinctures.
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