Edward Ionescu

Phoenix, AZ (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)

Transparent Labs

Find More Startups Startup
Location: Phoenix
Industry: Other
Year Founded: 2021
Number Employees: 10-50 people
Business Stage: Growth (profitable)
Entity Type: Limited Liability Company
Description: As on November 2020, Marijuana has become legal for both medical and recreational use in the State of Arizona. With this legalization of cannabis, the state has mandated that all cannabis amd hemp derrived products, have to be tested for a number of contaminants,potency,and pesticides by a third party independent laboratory. Currently there are only 8 other laboratories that is offering the complete testing needed to be considered full-pannel, while the other labs often outsource the tests that they cannot complete to the 8 existing labs. We want to become the 9th larger testing facility and capture up to 20% of the Arizona market by being more time effective and more cost efficient ny introducing automation and robotics to the sample prep process. Transparent Labs LLC is a start-up that will be state certified and ISO 17025 accredited cannabis testing laboratory. Our mission is to perform state mandatory testing of any cannabis and hemp products within Arizona. What sets us apart from anyone else in the industry is our commitment, and knowledge of introducing automation through the use of robotics in the cannabis testing industry. We have a great team of PhD chemists, and scientists with expertise and lab knowledge on our staff and on our Advisory Board. SERVICES WE WILL BE OFFERING Full Panel testing Potency Testing Microbial Testing Heavy Metal Testing Terpene Testing Additional specific testing available upon request WHAT WE HAVE DONE SO FAR... Business Plan and Pitch have been fully developed and available for viewing upon request Developed Web Site ((URL removed)) Established an LLC, Tax ID, Operations Agreement, Investor Subscription Package, and other legal forms. Opened a Business Bank Account with a bank that deals with cannabis related businesses Signed a 5 year lease on a 6500 soft Laboratory Location Hired a Scientist to be our Laboratory Director Developed architectural plans and layout for Transparent labs Submitted the plans to City Zoning Working with a consulting group towards our ISO accreditation Demolition completed on our laboratory location Locked in 2021 prices for all of our testing instruments needed to be purchased. (Agilent Instruments) WHATS NEXT AND WHAT WE NEED FUNDING FOR NOW.. Building out the laboratory space (600k aprox) Purchase instruments (700k aprox) 4 months operating capital (560k aprox) PROJECTIONS, EXPENSES, AND RETURNS Our 5-year projections are available upon request Currently, we have a $5 Million post-money valuation. We are looking to sell 40% equity in our company for $2 Million Minimum investment that we are accepting is $100 K for 2% equity shares (or 2 shares out of the 40) We have raised some capital and we have 0 debt on our books! We are promising $36,000 return for the first year in business, which will increase to more than $100,000 by year 2-5. This equity will be yours forever until you decide to sell it or transfer it over. ( These numbers represent an investment or purchase of 2% or 2 shares for $100k) 2 Local Cannabis Companies already committed their testing needs with Transparent Labs as soon as we are open for Business. There are only 8 the labs offering the services that we will be doing in the whole State of Arizona We are aiming to open by Fall 2022 For more info, questions, please reach me at (Phone # removed)or via email (URL removed) Edward Ionescu CEO Transparent Labs LLC