Shadd Dales of The Dales Report interviews InMed CEO, Eric A. Adams, on the fast-growing synthesized cannabinoid industry and the market opportunity of rare cannabinoids.
By Benjamin A. Smith On Sep 22, 2021
Although the purveyors of the production of rare cannabinoids don’t generally receive comparable coverage as larger multi-state operators or licensed producers, perhaps they should. According to InMed Pharmaceuticals Inc. (Nasdaq: INM) CEO Eric Adams, the industry is headed for outsized growth, driven by biosynthesizing breakthroughs that are driving down the cost to produce rare cannabinoids. With its definitive agreement to acquire BayMedica Inc. last week, InMed is poised to take a leadership position in this booming industry.
The BayMedica platform incorporates a multi-step process where living organisms use enzymes to catalyze the conversion of simple substrates into complex products, such as cannabinoids. Its biosynthetic production method is designed to deliver natural cannabinoids such as cannabichromene (CBC), cannabidivarin (CBDV) and tetrahydrocannabivarin (THCV) that are identical to those found in hemp and cannabis. In isolation, such cannabinoids have been found to contain a host of wellness benefits that can be injected into various consumer packaged goods (CPG).