Chemistry Closes $6M Series A Round with Gotham Green Partners
Updated: Sep 6, 2019
OAKLAND, CA (PRESS RELEASE)—Chemistry, an Oakland-based full-spectrum cannabis extract manufacturer, announced today that it closed a $6M Series A financing round led by Gotham Green Partners, a private equity firm focused on deploying capital into cannabis and cannabis-related enterprises on a global scale. The financing will be used to fund Chemistry’s continued expansion into the California market with its line of full-spectrum vape cartridges, high CBD tinctures and THCa crystallines, and for further investment into scaling its proprietary extraction and refinement techniques pioneered by founder and Chief Executive Officer, Paul Roethle, PhD.
Roethle spent years working inside the biopharmaceutical industry on major pharmaceutical medications and is now applying his background and experience as an organic chemist to advancing the cannabis industry. Chemistry's methods are unique in an industry dominated by compressed flammable gas, CO2 and ethanol extraction feeding wiped film distillation. The company doesn't employ any of those techniques.
“Chemistry’s methods are well-controlled and under mild conditions, allowing us to produce an extract that retains a complete spectrum of the biomolecular goodness responsible for a strain’s entourage effect,” said Roethle. “These include not only cannabinoids and terpenes, but also flavonoids and other minor molecules that all work in harmony once vaporized or ingested to produce a wide range of different end-user experiences and benefits.”
Chemistry’s mission is to Stay True to the Plant™. As such, the company supports Northern California’s heritage farms by partnering with craft cultivators to source sun grown, whole flower cannabis. Each small batch Chemistry release is strain specific, single origin and 100% cannabis-derived. The company doesn’t chase potency and takes only what the plant gives. Nothing more, nothing less.
Chemistry is very much a flower smoker’s extract, but packaged in a platform designed to appeal to the diverse and quickly evolving California market. “The brand sits at the intersection of smart, human and playful,” said Trevar Mazza, founder and Chief Market Officer. “Our aim is to be the smartest brand on the shelf, but to do so in a way that’s approachable, fun and stays true to our California roots while simultaneously delivering a fundamentally differentiated consumer experience.”
“Aligning with Chemistry was an obvious decision for us,” said Jason Adler, Managing Member of Gotham Green Partners. “The company continually creates unique and high-quality products, and Chemistry’s corporate culture, branding and scientific approach resonate with a growing following of devoted and increasingly educated consumers that are seeking innovative, whole plant extract products. Chemistry is also supported by a top-notch management team, and we look forward to working with Paul and Trevar to drive further growth across California and beyond."
As part of Gotham’s investment, Michael Henderson-Cohen, a Principal at the firm, will be joining the company’s board.
Chemistry can be found in some of California’s finest retailers up and down the Golden State, including Solful (Sebastopol), Berkeley Patients Group (Berkeley), Garden of Eden (Hayward), The Vapor Room (San Francisco), Sespe Creek Collective (Ojai), Buds & Roses (Studio City), The Higher Path (Sherman Oaks) and Erba (Santa Monica).
Oakland-based Chemistry is a licensed cannabis manufacturer that produces a robust line of full-spectrum vape cartridges, high CBD tinctures and THCa crystallines.
Chemistry starts with the choicest sun grown cannabis. Then the company applies mindful intention, its leading-edge technology and a whole lot of heart. In doing so, Chemistry creates a premium full-spectrum extract that captures the nuance of each strain, from flavor to effect.
The company’s eclectic team of talented human beings are united by a passion for the plant, deep respect for the scientific method and dedication to the subtle qualities of excellence. Oh, and a penchant for the playful.
Chemistry stays true to the plant you know and love.
ABOUT GOTHAM GREEN PARTNERS
Gotham Green Partners is a Los Angeles and New York-based private equity firm focused on deploying capital into cannabis and cannabis-related enterprises on a global scale. The firm manages a diversified portfolio of investments and is actively investing across the cannabis value chain. gothamgreenpartners.com