Trait Biosciences
Services
Trait Biosciences offers a suite of proprietary technology platforms targeted at the Hemp Industry. The company focuses on the development of transformative technologies aimed at advancing cannabinoid production using bio-molecular science. Their services include state-of-the-art capabilities in microbiology, genetics, biochemistry, chemistry, and advanced analytical testing, all housed in a 30,000 square foot open concept lab.
Technological Innovations
Trait Biosciences has developed technologies that convert water-insoluble cannabinoids into water-soluble materials. They are the first to produce truly water-soluble cannabinoid extracts, addressing a significant issue in the cannabinoid sector. The company also holds a patent for a process that can increase cannabinoid production by up to 200%. Their technological innovations extend to capabilities in fermentation, metabolic engineering, bioinformatics, computational biology, and plant secondary metabolism.
Funding and Investment
Trait Biosciences recently closed a funding round led by Btomorrow Ventures and Gotham Green Partners. This infusion of capital is expected to aid the company in continuing to advance their groundbreaking technologies and maintain their position at the forefront of cannabinoid research and development.
Market Outlook
The global cannabinoid market is projected to reach $45 billion by 2024, indicating significant growth potential for companies like Trait Biosciences. Their innovative technologies and comprehensive service offerings put them in a strong position to capitalize on this expanding market, driven by increased demand and ongoing advancements in cannabinoid production.