Kicking off in April with the goal of producing more than 100 kg of cannabinoids, Lygos' production campaign will be the first of several the Berkeley, Calif.-based company carries out this year to meet customer demand.
The gummies — which are sold in three strengths — are vegan, gluten-free and third-party tested for purity and safety, as well as to ensure that they are free of THC.
For the fourth quarter, the company reported $26.9 million in revenue — a 17.9% increase over the prior-year period. For the full year, total revenue for the company was $95.2 million, up from $94.6 million in 2019.