Disclosure: Rose Law Group represents Integrated CBD
By Angela Gonzales | Phoenix Business Journal
Scottsdale-based Integrated CBD LLC has raised another $50 million as it grows its organic hemp business in Arizona.
Plans call for using the funding to build a 154,000-square-foot extraction facility and large-scale hemp drying facility as well as to expand into the second planting of this year’s hemp crop on its 10,000-acre farm near Yuma. The western Arizona farm can produce three crops per year.
Since launching in January, Integrated CBD has raised a total of $70 million in debt and equity capital, with $24 million in equity, a $30 million debt facility and other debt totaling $15 million.