California-based Demetrix secured $50 million in a Collection A funding, which the corporate will use for analysis of artificial cannabinoid manufacturing.
The Emeryville firm desires to make use of baker’s yeast to provide massive volumes of cannabinoids. Greater than 100 of cannabinoids might be discovered within the cannabis plant, typically in hint quantities.
The corporate didn’t specify which cannabinoids it’s specializing in.
The funding spherical was led by New York-based funding group Tuatara Capital with help from an present investor, Horizons Ventures of Hong Kong.
Horizons Ventures, which led an preliminary $11 million Collection Seed spherical in Demetrix, is the non-public funding arm of Chinese language enterprise magnate Li Ka-shing.
Extra particulars on the funding might be discovered on this information launch.
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