CHAPEL HILL – Root Bioscience, a startup focusing on marijuana/cannabis related products, has raised $970,000 and wants to raise another $1 million.

Root Bioscience

The news was disclosed in a securities filing made on Friday.

Root Bioscience launched earlier this year.

The company says its technology “transforms phytocannabinoids such as cannabidiol (“CBD”) into premium health and wellness products using processes that combine specialized cannabis industry technology with advanced bio-manufacturing techniques.”

Product focus includes:

  • Isolate Powders (Hemp-derived powders with cannabinoid concentrations over 99%)
  • Premium Hemp Oils (Hemp-derived oils with cannabinoid concentrations up to 80%)
  • Select Hemp Oils (Hemp-derived oils with cannabinoid concentrations up to 70%)
  • Terpene Oils (Natural aromatic and flavoring oils)
  • Plant Material (Phytocannabinoid rich plant material)

Twenty investors participated in the funding with a minimum investment of $10,000.

Garrett Perdue, a UNC Law School graduate, was named CEO of Root Bioscience earlier this month. Before joining Root, Perdue was a managing member at Perdue Law PLLC.