Open Book Extracts (OBX)

Open Book Extracts (OBX)

CGMP certified, vertically integrated grower, processor, and manufacturer of premium plant-based cannabinoid products. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$90—135m (Dealroom.co estimates Sep 2022.)
Jacksonville North Carolina (HQ)
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DateInvestorsAmountRound
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N/A

-
N/A

$8.0m

Angel
N/A

$11.0m

Early VC
N/A

N/A

Early VC

$11.5m

Series B
N/A

N/A

Series C
*

$22.5m

Series C
*

$2.0m

Convertible
Total Funding$55.0m

Recent News about Open Book Extracts (OBX)

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Open Book Extracts (OBX) is a leading player in the health and wellness industry, specializing in the sourcing, manufacturing, and packaging of high-quality, safe, and effective dietary supplements. The company operates in a highly regulated market, with certifications from NSF, ISO 9001, USDA Organic, and Kosher, which testify to its commitment to quality and safety.

OBX's business model revolves around creating innovative, research-backed formulations for brands that prioritize health and wellness. Unlike its competitors, OBX adopts a collaborative approach with its clients, working closely with them to develop sophisticated formulations using cutting-edge technologies. This unique approach allows OBX to create next-generation products that are not only effective but also tailored to the specific needs of each client.

The company's in-house Research and Development (R&D) team, led by Andrea Baillo, PhD, plays a crucial role in the development and commercialization of these products. This team of chemists and food scientists combines effective formulations with new and existing product form factors to create innovative health and wellness products.

OBX's revenue is generated through the sale of these dietary supplements to its clients. The company prides itself on its broad portfolio, pharma-grade purity specifications on cannabinoid isolates, and batch-to-batch consistency on custom specification distillates. It also has an in-house quality control lab and a robust quality management system, further ensuring the quality and safety of its products.

Keywords: Health and Wellness, Dietary Supplements, Research and Development, Collaborative Approach, Quality Control, Safety Certifications, Innovative Formulations, Cutting-edge Technologies, Pharma-grade Purity, Quality Management System.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.