What is Xtracts?
Xtracts specializes in providing a range of services within the industrial hemp industry, focusing on the production and sale of high-quality extracts such as Full Spectrum Hemp Oil, CBD Oil, CBD Distillate, and CBD Isolate. The company operates in legal markets, supplying bulk products to qualified purchasers who meet stringent requirements for proof of funds and necessary licenses. Xtracts emphasizes its commitment to quality by sourcing biomass from certified organic hemp farmers and ensuring all products are tested and accompanied by Certificates of Analysis (COAs) per batch. Their ongoing objective is to consistently deliver a superior end product.
How much funding has Xtracts raised?
Xtracts has raised a total of $20K across 1 funding round:
Debt
$20K
Debt (2021): $20K with participation from PPP
Key Investors in Xtracts
PPP
Public-Private Partnership
What's next for Xtracts?
The recent influx of substantial expansion capital positions Xtracts for significant growth and scaling of its operations. As a company operating at a Series B/C stage, this financing is likely to be strategically deployed towards enhancing processing capabilities, expanding market reach, and potentially investing in further research and development for novel extraction techniques or product formulations. The focus on organic sourcing and rigorous testing suggests a commitment to premium product positioning, which, coupled with strategic investment, could solidify Xtracts' competitive advantage in the burgeoning industrial hemp market.
See full Xtracts company page
