[Funding News] Cannarma Set to Secures $3 Mn for Global Expansion

USD 3 million in funding is currently being raised by Cannarma, a company that specialises in Ayurvedic hemp-based products.

This financial boost will facilitate the expansion of Cannarma's operations both domestically and internationally by supporting marketing, global expansion, IP development, and team enhancement.

Cannarma is a research and development organisation that has been granted a licence by the Department of Ayush to produce and distribute Ayurvedic products, including medicinal cannabis, hemp seed oil, and CBD oil.

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The Delhi-based startup asserts that it will capitalise on the expanding medicinal cannabis market by integrating contemporary science with traditional Ayurvedic practices.

Cannarma procures basic materials from Himachal Pradesh, formulates them in-house, and processes them in a GMP facility.

Keshav Agarwal, Director of Cannarma, said, "Securing the funding will enable us to accelerate our growth and bring our high-quality hemp products to more markets. We are committed to driving innovation in the medicinal cannabis space and providing natural health solutions that are both effective and safe."

About Cannarma

Founded in 2022 by Rohit Chauhan and Keshav Agarwal, Cannarma uses Therapeutic & Medicinal grade formulation developed and approved by a scientific board of Researchers, Ayurveda experts, Doctors, Pharmacists, Biologist.

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