Seeking to raise $45,000,000
Lost Colony Botanicals is a startup wholesaler of hemp-derived cannabidiol (CBD) isolate and distillate.
Lost Colony will purchase and grow raw hemp biomass and perform the extraction and refinement of crude oils to create these wholesale commodities. Unlike the majority of producers in this newly legal and fragmented market, Lost Colony will operate at an industrial scale and employ current good manufacturing practices (cGMP) to get ahead of prospective regulations and realize substantial cost advantages. This will allow Lost Colony to position itself as the low-cost leader within the rapidly growing industry. The founder has extensive expertise in CBD production in addition to having acted as a public company CFO and senior appointee to the Nevada State Controller’s Office, where he oversaw financial reporting on more than $17 billion in annual transactions. He has already scaled one CBD business on the West Coast which was sold at a substantial gain to investors.