We started in 2016 with a friends small farm in st albans Vermont with seeds and a dream.
As of right now We are dead in the water. We are generating no sales and we have no current expenses. We are not running any marketing and we have no ads or content generated to promote ourselves with.
I can tell you what we do have:
Owner 1 is the lab manager of a multi state cannabis operator in Massachusetts, Owner 2 is a master grower with almost a decade of professional dispensary work. Owner 3 I has an IT job Owner 4 is an international in person rep for several large corporations of all types
We have 13,000 naturally grown Instagram followers from previous marketing done by an ex owner and our lab manager owner making and natural created content based on what we accomplishes in the lab that day, and then later on based more on stylish marketing after we rebranded. We were originally marketing as a small Vermont home grown company but have since left that behind for what you can currently see on our website and social media
When we decided to rebrand we spent heavily on making a new website from scratch that is ideal for what we needed at the time. The website now matches our Instagram. We host our own website and have a server in an owners home from the IT job co owner.
We have roughly 3k in the bank
We own a small CBD lab worth of crude to distillation and isolation processing equipment. We are selling our CBD processing equipment because we don’t have space to operate. We do not have the money to pay someone to run our equipment. We are selling our equipment through a reliable local third party on eBay we already have done business with. The downside being we have no idea when we can expect to receive payments. The upside is we will get the most back for our used equipment which is approximately 10,000$
We closed our small laboratory in Brattleboro Vermont because of lack of interest in buying online and rent being too expensive. We ended the contract with the farm for growing because the price of hemp dropped so drastically we could not compete with 1000 acre mega producers.
We have connections to source locally small and large business produced CBD products at wholesale prices to sell on our website but we need Capitol to invest in inventory or a partner company. We need to know how to attract capital investors interested in CBD and cannabis. We are looking to attract somebody to the platforms we built and own- our website and social media who is knowledgeable about cannabis and cannabis businesses in New England. We are not afraid of moving the business to Maine and switching to include thc in our business plan. Thank you 🙏
So after 7 years, you barely have $3k to shake a stick at and absolutely no idea / no plan / and you’re hoping us random internet strangers can magically save your business?
Sorry, cbd is too saturated and too little demand overall.
Shut it all down and move on before the $3k is wasted too, split the equipment sale and what’s left in the bank with the founders and call it a day
Hi, I’m your neighbor in the next town over :)
I would concur here, it seems like your niche in the market has not evolved with the changing market. Plus i am sure VT making more strides to make Cannabis legal has hit the cliental as well. Your partners and yourself needs to seriously pause and sit down to look at the business plan, and if need be come up with a new one if you intend for this to continue.
You will need to examine the market shifts and plan for how your going to be “special” and compete. Online sales are a dime a dozen now for sure, and CBd can often be bought everywheres now. You can even look at other CBD variants like Kratom or Delta-8 if you do not offer them. Those are sometimes higher demand for smoke shops but they are not without risk.
On a side note, interesting that you went down to Brattleboro, It’s the other the other side of the state. I need Grad school down there and not much is offered in that neck of the woods for sure.