ZeaKal raises $10 million for hemp, cannabis merchandise


ZeaKal, a San Diego plant science firm, says it has obtained $10 million to extend yields from rising cannabis and hemp.

ZeaKal’s PhotoSeed expertise will increase the effectivity of photosynthesis, stated Han Chen, the corporate’s CEO. This in flip boosts manufacturing of oils and different vitamins.

The cash got here from Cover Rivers, a Canadian enterprise capital fund that invests in cannabis-related merchandise, and was introduced on June 19. With the fund’s assist, analysis into cannabis and CBD oil will proceed in Canada, Chen stated.

CBD, or cannabidiol, is a non-psychoactive substance used for relieving ache and nervousness. CBD oil and cannabis are authorized for adults in Canada, whereas within the U.S. it’s nonetheless unlawful underneath federal regulation.

Hemp analysis may also happen in america, Chen stated. Hemp, a pressure of the cannabis plant, could be legally used for industrial and meals merchandise. It accommodates very small quantities of THC, the psychoactive substance in marijuana.

Hemp was legalized final December underneath the 2918 farm invoice signed by President Donald Trump.

ZeaKal was cofounded by Chen and San Diego agricultural biotechnology veteran Jerry Caulder. It emerged from expertise found in New Zealand, which has a closely pastoral financial system. It was funded by a enterprise capital group together with by Finistere Ventures, Two Oceans and the Missouri Soybean Merchandising Council.


Latest posts