EL SEGUNDO, Calif. – Plantwise, a new modern wellness brand that introduced a line of botanical nutraceutical supplements and nootropics comprised of premium organic and regenerative ingredients, and operating from core values of efficacy, transparency and scientific rigor, announced today it will open a $2 million Series A raise to investors for growth capital and new product development.
The company will close the round by December 15th, upon which Plantwise aims to expand its retail presence from 5 to 30 states, increase DTC sales, expand its “Pain Support” product category, and establish a subscription program for existing customers.
“In the three months since Plantwise stepped across the threshold from pre-revenue status to in-market with our first five products, we’ve received an overwhelming response from customers and retailers, underscoring what we already knew: shoppers want to incorporate organic hemp into their daily health regimen and feel the results in a way that is obvious, but had been struggling to find brands they can trust. Further, phytocannabinoids formulated with proven organic inputs: nootropics, adaptogens and minerals, are the next phase and evolution in modern wellness, and that’s exactly what Plantwise delivers.”
Overholt continued, “We’re excited to announce this new Series A raise to continue the expansion of the Plantwise brand and products. To date we’ve deployed the resources from our $1.5M seed round, which was led by Ultranative Brands, across seven months of research and development, formulation, brand design, channel sales development, defined manufacturing SOP’s and built the Plantwise team. We’re exceptionally proud of our 5 launch formulations, consumer education and 50-state accessibility we’ve designed into the Plantwise e-Commerce store, and are confident in the continued growth of our sales channels and brand power.”
Plantwise designed five targeted-effect, endocannabinoid support nutraceuticals for athletes, creatives and entrepreneurs who want to take control of how they show up each day – to be at their best in all pursuits.
Mind Spark ($36) – A powerful nootropic to enhance focus, energy, and reaction time so you can take on the day and make it your best.
Relax & Rest ($36) – Calm your mind and sink into a restful sleep with balancing adaptogens, herbs, and amino acids so you can wake up to a recharged and energized morning.
Immune Prime ($44) – A balancing and proactive adaptogenic formula that helps keep your immune system primed and ready for efficient, immediate and long-term immune responses.
Pain Support ($36) – Engage soothing adaptogens and herbs that support pain relief when soreness happens from overexertion, helping you recover and gain back your freedom to move.
Probiotics & Postbiotics ($40) – A triple-action, vegan, formula with probiotics, postbiotics, and prebiotic fiber supporting digestion, mood, and a healthy immune system.
Plantwise dual-capsule supplements are made with a “Self-Affirmed GRAS” (Generally Recognized As Safe) regeneratively-grown, organic hemp oil extract with native phytocannabinoids: CBD, CBE, CBG +. The supplements are also formulated with a range of scientifically-studied and proven nootropics, adaptogens, antioxidants, herbs, vitamins and minerals, including KSM-66 Ashwagandha, ParActin Andrographis, Thymoquinone, ElevATP and Beta Caryophyllene, among others.
The formulas were designed with the aid of a scientific advisory board, led by a Board Certified Clinical Nutritionist. The goal of Plantwise products is to help balance the body using a multi-pathway approach that supports overall well-being while addressing a targeted need state, for results that are obvious and feel great.
For more information, please visit: www.getplantwise.com.
Sales inquiries, please contact: [email protected]
About Plantwise
Plantwise creates premium botanical nutraceuticals that power an improved human experience.
We designed Plantwise for those that demand the best – elite athletes, artists and creatives, and industry defining entrepreneurs.
We believe that plants, grown in healthy living soil, hold the key to our ability to function at our optimal potential. Through our comprehensive, premium formulations, made from regenerative ingredients, we are living our commitment to build a healthier and brighter world.For more information, please visit us at www.getplantwise.com. You can also find us on Instagram, Facebook, and LinkedIn.
