Photo - Spectrum CannaLabs
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Spectrum CannaLabs

Safety and Compliance testing for legal cannabis

USA, California
Market: Another
Stage of the project: Operating business

Date of last change: 11/19/2019
Min investment
$  250.000
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Total required
$ 4.000.000
Rating
equalizer 160 из 1000
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Idea

Spectrum CannaLabs protects the health and safety of cannabis users with breakthrough testing protocols based on nearly two decades of experience in Biotech and clinical trials for the pharmaceutical industry. Lab testing for safetyandcompliance is still a huge bottleneck and we are the only company providing a pharmaceutical-grade testing solution in California.

Current Status

Raised $800K and at the end of a 2 year process for setting up the lab. Revenue expected within a month. Looking for growth and expansion capital

Market

$28 billion estimated US if legalized (Barclays)
CA $2.2 Billion testing market

$150M SAM
$50M SOM
Assuming 1 lab servicing a 3 hour radius

Problem or Opportunity

People are using cannabis as medicine yet it's not being tested that way. It's the Wild West and compliance hasn't caught up. Lab testing is mandated by the state and a huge bottleneck. Labs are being shut down for not having the necessary processes in place or just falsifying data costing millions in recalls and lost product.

Solution (product or service)

We are providing the only pharma grade testing for legal cannabis

Competitors

2 Rivers
GreenLeaf within our radius

Evio
Steep hill
SC Labs
Purr Analytics
CW
Anresco
Harrens

CannaSafe
Cannalysis

Advantages or differentiators

Partnerships with leasing equipment manufacturer
State of the Art Equipment
Background in Pharma and Health
Build out of our own LIMS system
Potential collaboration with UC Davis Ag and Medicine
In a huge underserved area

Finance

We can charge a premium
One customer worth up to $330K/yr in Pre-Testing and Release testing

Money will be spent on

Hiring
Chemists
Research Assistants
Marketing
Vehicles
2nd location

Offer for investor

$300K left in current SAFE 20%discount $5M CAP

Then $15% discount, $6M CAP

Team or Management

Risks

Illegality
Mandated testing going away

Incubation/Acceleration programs accomplishment

Graduate Alchemist Accelerator Class 22

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address