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OLEO

OLEO is a CPG company thoughtfully designing potent, water-soluble CBD products for the active lifestyle community.
2015
02-Oct
02-10
Seattle, Washington, United States
  • Cannabis
  • Nutraceuticals (e.g. Supplements)
  • Powdered Beverages

Innovation

Industry Problem

Conventional CBD oils can be poorly water soluble, slow to absorb and difficult to incorporate into beverages without bitterness.

R&D Focus

Water-soluble microencapsulated CBD powders

Innovative Solution

Microencapsulation converts CBD into a dissolvable powder designed to mix into cold beverages and mask bitterness.

Solution Effectiveness

The company reports up to two-to-three times faster or greater bioavailability depending on the page. Trustpilot showed about 4.3/5 from 65 reviews at verification; efficacy claims are company-reported.

Investment Funding

Last Funding Stage

Convertible Note

Total Funding Amount

2.5M

Last Funding Amount

1.5M

Last Funding Date

20-08-2019

Startup Stage

Seed

Revenue

$1M to $10M

People

Founders

About

OLEO is a consumer-packaged goods company thoughtfully designing potent, water-soluble CBD products for the active lifestyle community. OLEO offers a collection of powdered beverages infused with their active ingredient OleoCBD, including a flavorless CBD powder called Original Mix. OleoCBD is created with a patent-pending Micro-Encapsulation technology that masks any bitter aftertaste and makes the CBD content two-times more bioaccessible, leading to better absorption and longer lasting effects. OLEO is playing a tremendous role in the advancement of cannabinoid technology, testing standards and consumer product offerings, and helping to make the cannabinoid and hemp industry more trusted, beneficial and approachable for all. It was co-founded by Skyler Bissell and Derick Anderson in 2015.

Products

Product

OLEO CBD Boost and Original Mix water-soluble CBD drink powders.

Star Product

CBD Boost – the primary flavoured drink-mix line.

Demo Product or Complete Product?

Complete commercial product; CBD Boost and related mixes have been sold since at least 2019–2020.

Future Plan

Market Expansion

No current public geographic expansion plan found.

Awards and Recognitions

Certifications

Company states products are triple third-party tested and THC-free.

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