What is Mile High Labs?
Founded in 2016 and headquartered in Boulder, Colorado, Mile High Labs specializes in the extraction and refining of materials exclusively from industrial hemp flower. The company provides comprehensive services, including extraction, refining, and co-packaging, catering to a diverse clientele that spans cultivators, manufacturers, retailers, and other consumer packaged goods companies. Their expertise in processing hemp-derived compounds positions them as a key service provider in a rapidly evolving market.
How much funding has Mile High Labs raised?
Mile High Labs has raised a total of $102M across 3 funding rounds:
Series A
$35M
Unspecified
$65M
Debt
$2M
Series A (2018): $35M, investors not publicly disclosed
Unspecified (2019): $65M led by Mgg Investment Group
Debt (2020): $2M supported by PPP
Key Investors in Mile High Labs
Mgg Investment Group
MGG Investment Group is a private investment firm established in 2014, known for providing tailored financing solutions to mid-size and growing lower-middle market companies. They focus on building lasting value and addressing complex financial situations.
PPP
Public-Private Partnership
What's next for Mile High Labs?
With significant enterprise-level backing, Mile High Labs is poised for strategic growth and operational enhancement. The company's focus on providing end-to-end extraction and co-packaging solutions suggests a trajectory aimed at scaling its service capacity and potentially expanding its market reach. Future developments may include advancements in extraction technology, broader service offerings, and strategic partnerships to capitalize on the increasing demand for high-quality hemp-derived ingredients and products.
See full Mile High Labs company page
