Socati’s top executive wants the CBD ingredients producer to become “the foundation for CPG manufacturers to launch products.”
And it could be on track to do so with its recent growth. In the last couple months, Socati launched two new ingredients, raised $40 million from private investors, acquired a new manufacturing facility and announced its executive headquarters would move to Austin, Texas to take advantage of its leadership in tech-driven startups.
Cannabis has been entering food and beverage at a rapid pace. It’s in everything from beer and coffee to ice cream and jelly beans, and even big CPG manufacturers are starting to plan product launches. Socati’s CEO Josh Epstein told Food Dive the company is working to provide consistency and precision in its CBD ingredients with the goal of being a trustworthy partner