Photo - Future Cannabis
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Future Cannabis

Future Cannabis

USA, California
Market: Medicine, Pharmacology, Chemistry, Another
Stage of the project: Prototype or product is ready

Date of last change: 04/26/2018
Min investment
$  50.000
0
Total required
$ 500.000
Rating
equalizer 137 из 1000
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Idea

Cannabis oil vape company.
Launching in May 2018 in California.
We're innovating the cannabis industry bringing a new type of product that contains new beneficial molecules for inhalation such as Vitamin B12. New flavor profiles are also on the list of FC's advantages.

Current Status

Established partnership with contractors:
• Licensed manufacturer. Leading company in California.
• (in the process of finalizing) Licensed distributors. Non-exclusive contracts.
• Testing analytical labnoratories.
• Hardware distributors.
• Cannabis, business, and IP attorneys.
• Packaging, printing companies.
• Branding and design agency.
• (in the process of finalizing) Content and marketing strategies.

Finishing preparation of the first three product lines:
• Molecular formulations: pharmaceutical compounds and flavors.
• Branding, and marketing strategies.
• Packaging, labeling.

Full-time team:
• Two founders.
• (in the process of finding) Brand representer, sales.

Gathering advisory board of the industry leading experts (manufacturers, distributors, media, science)

Market

USA legal market (30% CARG):
$10bn in 2017
$25bn in 2021

Problem or Opportunity

• The hottest new market/industry in the world without established leaders.
• California is a mecca of the industry.
• Big local (state, national) demand.
• Lack of innovations, education, strong branding and UX, and good quality products.

Solution (product or service)

Future Cannabis

Competitors

Snoop Dogg, Xzibit, Mike Tyson, Whoopi Goldberg ;D
• 100-200 brands in California.
• 10 of them "do things right."
https://weedmaps.com/brands/category/vape-pens

Advantages or differentiators

• Innovative product.
• Strong branding and marketing.

Business model

Selling consumable products:
$8-10 our cost, $14-20 wholesale price.

Money will be spent on

Inventory, marketing, hiring.

Offer for investor

FAST: $5M cap, 25% discount.

Team or Management

Risks

• No risks related to "start-upping".
• It's a business of selling the consumable products.
• The biggest challenge is quick state and interstate expanding.

Photos

Photo 1 - Future Cannabis

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