Inside Abstrax Tech's Innovative Cannabis Flavor Factory

Technology

1 year ago

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Credited from: FORBES

Abstrax Tech specializes in producing terpenes and essential oils for cannabis brands, creating unique flavors for vapes, edibles, and more.
Lead scientist, Iain Oswald (a.k.a. “Dr. Dank”), utilizes advanced technology to analyze cannabis’s distinct aromas and enhance product differentiation.
CEO Kevin Koby envisions his company as a “Willy Wonka” style factory, providing a vast library of flavors to over 5,400 cannabis companies.
Abstrax Tech commands approximately 30% of the terpene market, generating $45 million in revenue last year and predicting growth to $55 million by 2025.
The company is expanding beyond cannabis into the craft beer industry, partnering with well-known brewers to incorporate unique terpene blends.