Mazza Innovation is pleased to announce that it has raised Cdn$3.0 million from existing and new shareholders to fund an expansion of operations at its Delta, BC, PhytoClean extraction facility.
Details of the financing are not being released at this time.
The company is also happy to announce the appointment of three highly experienced senior executives to manage rapidly expanding customer demand for its solvent-free ingredients and PhytoClean extraction process.
Mazza’s financing round was comprised of several institutional and individual investors, including Natural Products Canada (NPC), a not-for-profit corporation that streamlines commercialisation of natural products.
“NPC is very proud to partner with Mazza and the other investors in this opportunity,” says Shelley King, Chief Executive Officer of Natural Products Canada.
“Mazza has a proven technology, high-growth potential in an expanding market, and a service that can benefit the whole natural products industry.”
Mazza Innovation CEO, Benjamin Lightburn, commented: “Demand for Mazza’s botanical ingredients has been growing at a rapid pace since our opening last year, and experienced senior executives are now required to help us manage that growth."
"Enabled by $3.0 million in new financing from investment partners such as NPC, we’re pleased to welcome Chris Tower, Andry Tjahyana and Jim Pratt to our management team."
"This financing will also fund a number of accompanying expansion programmes in service, sales and marketing, and extraction capability."
"These changes will enable us to meet rising customer demand from around the world. We look forward to meeting with potential customers and partners at our exhibit booth PP-173 at SupplySide West (25–29 September).”
