Eclipse Diagnostics

Eclipse Diagnostics

Grower-friendly cannabis test

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Security Type
Equity
Categories
Other
Min Investment
$495
Location
Los Angeles, CA
Offering Date
April 11, 2019
Expected Close Date
July 13, 2019
Target Raise
$10.00K-$363.22K
Deal Notes

Minimum Number of Shares Offered: 909

Maximum Number of Shares Offered: 33,020

Price per Share: $11.00

Valuation
$11,189,805

Company Description

CANABINOX is a handheld testing device that can accurately measure levels of cannabinoids and other chemicals at affordable pricing:

-Easy to use
-Under 5 minutes
-Lab-grade accuracy

Cannabis growers want to hit max yield at full cannabinoid potential. How do they do it? They don't! Simply because they lack appropriate tools to achieve the max cannabinoid potential. They rely on experience and "sixth sense", which is not enough in this technological society.

Canabinox is a cannabinoid testing device that will help growers to effortlessly and quickly measure cannabinoids in the field, as well as to determine the most efficient harvest timing.

Although a small number of current portable testing solutions in the market enable accurate monitoring utility, they lack user-friendly experience and go way beyond affordable pricing.

Perks

See offering website for details

Use of Proceeds

Intermediary Fees: 6%

Marketing: 19% - 5%

R&D: 60% - 30%

Working Capital: 15% - 5%

Company Employment: 0% - 30%

Inventory: 0% - 5%

Operations: 0% - 6%

Misc: 0% - 3%

Management Team / Advisory Board Bios

Dr. Luka Fajs (Feiss) - Founder and CEO
Luka comes from Slovenia and holds a PhD in Medical Microbiology. Before starting the company he was doing research and clinical laboratory diagnostics of hemorrhagic fevers, biothreats and other infectious diseases. He spent a lot of time in the field, helping doctors and nurses in low-income countries to set up and improve their diagnostic preparedness. During his work, he saw firsthand the drawbacks of the existing medical diagnostics system that is mostly centralized, capital-intensive, with many people not enjoying adequate access to it. That was the motivation to join Prof. Robert's laboratory in Singapore where he took over the fundraising and startup activities of the technology. He continued as CEO of Biosensorix and helped secure early funding and directed the research and development activities. He is a passionate entrepreneur with deep knowledge of diagnostics, user expectations, and basic science.

Prof. Robert S. Marks - Founder and Chief Scientist
Prof. Dr. Robert S. Marks is the co-inventor of the technological platform and is a renowned expert and key opinion leader in the field of biosensors. He is a Full Professor at the Ben-Gurion University of the Negev, Israel, at the Department of Biotechnology Engineering. Prof. Marks has extensive experience in the development of biosensors. He is the Editor-in-Chief of a 2007 2-volume Wiley Handbook in Biosensors and Biochips and a 2014 Viral Diagnostics book for virus detection. He is the author of 155+ papers (H-index 27), and numerous chapters. He has 4 issued patents as well as a dozen filed.

Deal Notes

Minimum Number of Shares Offered: 909

Maximum Number of Shares Offered: 33,020

Price per Share: $11.00

Amount Raised : $179,058
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