API Labs
API Labs is a company looking to create a vertically integrated poppy industry .
Business Model:
Revenue: $0
Employees: 11-50
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Detailed API Labs Information
Geographic Data
Address:
City: Toronto
State: Ontario
Zip:
Country: Canada
Financial Info
Stage:
debt financing
Raised Last:
$8M
Raised Total:$8M
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Description
API Labs Inc. is a Canadian-owned, Alberta-based company looking to create a vertically integrated poppy industry in Canada. The first step has been to establish a world-class research facility for the development of poppies that meet the needs of the commercial market. The second step will be the sale of seeds and pressed oil to the culinary market. Eventually we look to capture an alkaloid industry for Canada, developing a wholly domestic production line for the relevant lines of pharmaceuticals. API Labs has been working towards its goal of introducing commercial poppy cultivation and processing to Western Canada since 2007. This has included conducting lab and field based research and lobbying the federal government to amend the necessary regulations to permit commercial growth.
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| Announced Date | Company | Transaction | Money Raised |
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| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 6/2018 | Debt Financing | $8M |
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