Cronos and Ginkgo Announce Achievement of THCV Equity Milestone
Today, we’re excited to announce an achievement in our partnership with Cronos Group, an innovative global cannabinoid company. Together, we have hit the third target productivity milestone in our partnership to produce eight cultured cannabinoids. Using our platform for organism design and development, Cronos has successfully achieved the productivity target for tetrahydrocannabivarin (THCV), a cannabinoid hypothesized to reduce the appetite-enhancing property of THC. Access to additional rare cannabinoids will support Cronos’ innovation pipeline and commercialization strategy.
Our partnership with Cronos launched in 2018, with the goal of accessing rare molecules in the cannabis plant to create innovative and differentiated products that would otherwise be cost-prohibitive. The program combines Cronos’ deep understanding of the biological structure and function of cannabinoids with our vast experience designing microorganisms for the production of cultured products across pharmaceuticals, agriculture and more.
Producing cultured cannabinoids at industrial scale
“Continuing to hit these productivity milestones in partnership with Ginkgo fuels our innovation pipeline focused on creating borderless products utilizing rare cannabinoids that amplify and differentiate the consumer experience,” said Mike Gorenstein, Chairman, President and CEO of Cronos. “We are excited about the possibilities that THCV is expected to give us and look forward to getting more products with rare cannabinoids into market.”
Working with Cronos to develop innovations in cannabis is an opportunity for us to apply synthetic biology in a way that is helping bring the cannabis industry forward and make a real impact on its market and the customers it serves. The progress we’ve made thus far in our collaboration is a true testament to both the potential of synthetic biology and the world-class teams at Cronos and Ginkgo.
Find the full press release here along with all of the latest news from the Ginkgo team.
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