Integrated CBD, a Scottsdale, Ariz.-based institutional scale and quality supply chain leader for organic hemp-derived CBD, closed a $50M in senior secured debt and a Series A equity round.
The senior debt is led by an undisclosed New York based hedge fund managing approximately $7.4 billion in assets.
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 3 crops per year). Expanding the sales and marketing effort through new hires in product development and sales will also be key areas of growth.
Led by Patrick Horsman, President & CEO, Integrated CBD is a vertically-integrated, institutional quality and scale supplier of organically grown hemp and hemp-derived CBD. The company is growing industrial hemp on a large certified organic farm, and building a GMP-certified, Food-Grade extraction and isolation facility.
Since January, Integrated CBD has raised a total of $78M in debt and equity.