HighRes Labs

The scientific "Pick and Shovel" cannabis investment

Security Type: Common Stock
Min Investment: $200
Location: Edmond, OK
Offering Date: November 03, 2020
Expected Close Date: May 28, 2021
Target Raise: $10.00K-$1.07M
Deal Notes: Price Per Share: $4.00
Valuation: $3,600,000

Company Description

HighRes Labs is a new cannabis testing facility based in Oklahoma's booming medical marijuana (MMJ) market, specializing in the analysis of CBD, hemp, and medical marijuana (MMJ) and related products. We will offer state-of-the-art technology, top-tier technical talent, and a host of enhanced services that are unique to the lab space. With new state-mandated testing requirements now in place, we will capitalize on the market opportunity created by existing labs' inability to meet surging demand and more stringent certification standards. Once our market position in Oklahoma is solidified, we intend to replicate our success by opening additional labs in surrounding states with growing CBD or MMJ markets.

Key Deal Facts

22.9% of the company being offered in this $1.07mil CF campaign 
$4 buys one share of Class B stock at a $3.6mil valuation 
The minimum investment is $200, or 50 shares 
All issued Class A common stock held by the founding team 
Class B CF stock does not have voting rights 
All stock qualify for dividends

Use of Proceeds

The funds will be used to secure our original equipment lineup, rent a great first facility, and hire specialized staff.

Management Team / Advisory Board Bios

Dr. Q. Wang, PhD, and Post-doctor in water chemistry, Rice U.
Co-founder, CEO, Lab Director
Chemist, Environmental Engineer, Entrepreneur (2), Experienced in operation of medical marijuana testing lab with 17+ years of chemical analysis, project management and entrepreneurship. Inventor (multiple patents) and researcher with postdoctoral work at Rice University

Rick Jones, B.S. Elec. Engineering, Rice U.
Co-founder, COO-Adviser
Software Engineer, Serial Entrepreneur (4+), Notable contributions to NASA, Shell, ERCOT, and Cal-ISO. Automated O&G Major’s Geo-Chemistry database that now hosts over 2 million analyzed samples. Active investor, mentor, CxO in early-stage startups, acting as Startup Officer.

Lynn Taggart, B.S. Mech. Engineering / MBA - Finance, Univ. of Oklahoma
Branding & Marketing
Creative engineer, experienced business advisor, and Innovation Advocate. Tech Ventures at Baker Hughes, Strategic Innovation at Devon, Director of Brand & Concept Development at Sonic, America’s Drive-in.

Deal Notes

Price Per Share: $4.00

Amount Raised : $0

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Common stock is a security that represents ownership in a corporation.

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