United States Cannabinoid Extraction Company Mile High Labs Raises $35 Million | CashCropToday
0 Shares 465 Views

United States Cannabinoid Extraction Company Mile High Labs Raises $35 Million

October 11, 2018
465 Views

The Colorado based private cannabinoid extraction company Mile High Labs has announced that their company has completed a $35 million Series A financing from institutional and private equity investors in the United States.

Mile High Labs is planning to use the newly acquired capital to expand the company’s ability to produce premium Cannabidiol (CBD) based extracts to meet the rapidly growing demand of CBD products in the marketplace. The company also plans to utilize the capital to grow their company’s international footprint.

The hemp CBD market is projected to reach $22 billion by 2022 and has recently become a hugely popular all-natural alternative to synthetic medications. Cannabidiol oil has recently been cited by the World Health Organization to be an effective against anxiety, seizures, inflammation, Alzheimer’s, and a number of different ailments.

Mile High Labs owns proprietary extraction processes in order to produce, in their words, “The purest and most consistent cannabinoids on the market.”

“At Mile High Labs, understanding regulatory pathways and achieving standard-setting compliance results are foundational to our approach,” says Mile High Labs CTO Stephen Mueller. “The importance of our GMP certification cannot be understated as we are responsible for delivering safe, quality ingredients to many of the world’s most trusted brands.”

You may be interested

Global Hemp Group Announces Harvest Update on their CBD Hemp Farm in Scio Oregon
Market Watch
270 views
Market Watch
270 views

Global Hemp Group Announces Harvest Update on their CBD Hemp Farm in Scio Oregon

Editor - November 27, 2018

Vancouver, BC -- (November 27, 2018) -- GLOBAL HEMP GROUP INC. (“GHG” or the “Company”) (CSE: GHG / OTC: GBHPF / FRANKFURT: GHG) and its joint venture…

Wayland Group Enters UK Cannabis Market with Theros Pharma Acquisition
Global
194 views
Global
194 views

Wayland Group Enters UK Cannabis Market with Theros Pharma Acquisition

Editor - November 26, 2018

Wayland Group (CSE:WAYL) (OTCQB:MRRCF) has announced this morning that their company has entered into an agreement to acquire 51% of UK company Theros Pharma Ltd. The Wayland Group…

GW Pharma’s CBD Pharmaceutical, Epidiolex, Shows Results in Lowering Seizures in Clinical Trials
Manufacturing
190 views
Manufacturing
190 views

GW Pharma’s CBD Pharmaceutical, Epidiolex, Shows Results in Lowering Seizures in Clinical Trials

Editor - November 26, 2018

GW Pharmaceuticals (Nasdaq: GWPH) has announced this morning that their company has completed a double-blind, placebo-controlled Phase 3 clinical trial for its Cannabidiol (CBD) derived product EPIDIOLEX®.…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: