Integrated CBD Raises $50 Million in Funding

Integrated CBD, an institutional scale and quality supply chain leader for organic hemp-derived CBD, announced the close of $50 million in senior secured debt and a Series A equity round in a combination of debt and equity financing. The senior debt is led by an undisclosed New York-based hedge fund managing approximately $7.4 billion in assets.

As one of the largest U.S. organic hemp operators with approximately 10,000 acres of certified organic land, Integrated CBD seeks to set the highest standards and practices for sustainable farming at scale in the fast-growing CBD marketplace. The new funds will be used to build out operations including completing construction of both a 154,000-square-foot extraction facility and large-scale hemp drying facility; and to expand into the second planting of this year’s hemp crop (Arizona can produce three crops per year). Expanding the sales and marketing effort through new hires in product development and sales will also be key areas of growth.

Integrated CBD has gained significant momentum this year alone. In January, the company raised $3.3 million in a pre-seed round, followed by a $10 million seed funding round in March.

Most recently, Integrated CBD was one of the first CBD supply chain leaders to provide seed-to-shelf production traceability using Verified Organic blockchain technology.

“CBD could potentially be one of the most frequently used wellness products this year. Our mission is to be the trusted supplier of organically grown and sustainably sourced phytocannabinoids for the global market as more consumers incorporate wellness in their daily lives,” said Patrick Horsman, president and CEO of Integrated CBD.