Biosmart Research

Biosmart Research

BioSmart Research: Nutraceutical CBD Isolates For Professional Distribution.

 

View on Wefunder
Security Type
Convertible Note
Industry
Retail
Min Investment
$100
Location
San Francisco, CA
Offering Date
June 30, 2021
Expected Close Date
April 30, 2022
Security Price
$1

Use of Proceeds

  • ($50,000) 20% towards marketing expense, 7.5% towards WeFunder Fees, 40% to pay off existing equipment note, 20% to open a retail dispensary/distribution center, 12.5% for additional inventories, cash reserve and operating capital.
  • ($1,070,000) 10% Additional funds for high-speed labeling & packaging equipment, 20% additional dispensaries, 15% additional marketing expenses, 15% for additional payroll, 10% for legal, accounting, & taxes, 15% for inventories, 7.5% cash reserve and operating capital, 7.5% Wefunder fee

Management

B Renee Searle, CEO
Renee has 40 years’ experience as an entrepreneur with 30 patents resulting in $60 MM in product sales. Her fields of research include biotechnology, electronics and cannabinoid research.

Research Reports

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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

Key Deal Facts

Launch in 2019 produced $1.7M in sales
Biosmart produces pain management and anti-anxiety formulas for clinical and retail distribution
BioSmart has a 3-year technology lead using high-pressure liquid chromatography for isolate extraction
BioSmart markets through it's own retail dispensaries, healthcare providers, pharmacies, affiliates, and internet sales
U.S. Market for non-steroidal OTC pain relievers is $21.9 B/yr. US CBD market is $4.7 B/yr.
Clinical dosing levels with CBD isolates produce similar results to OTC pain relievers without the side effects.
BioSmart collaborates with university and clinical researchers and is a member of Choose Wisely, a patient forum
BioSmart Research represents a responsible approach to improving quality of life and advancing cannabinoid research

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