Blake speaks with Army veteran turned co-founder and CEO of RMR Laboratories, Mike Lui, about his over-the-counter cannab...
Our first product line targets chronic pain and sports injuries using CBD, which is non-psychoactive.
1 in 3 people in the United States suffer from chronic pain.
We decided to start with these applications because we saw an overwhelming need to develop a natural, effective alternative to pain killers with negative side effects, like opioids.
Here’s is a sample of what they’ve had to say:
The shortest duration of relief was 90 minutes. Some people had their pain go away completely after continued use. Every single trial user felt some type of pain relief.
The top layer of the skin, called the stratum corneum, is designed to protect the body by keeping harmful substances out.
The topicals designed by RMR Laboratories work by creating an intercellular pathway directly through the skin. The pharmaceutical technology has been shown to deliver active ingredients up to 25 millimeters below the skin in a non-toxic, non-traumatic way.
Our skin-penetrating technology provides a platform to quickly and efficiently address new health applications as well as build depth within current product lines.
We have only begun to scratch the surface on the therapeutic effects of different delivery systems and cannabis strains. In addition to topicals, we have future plans to expand into additional health and wellness product categories.
Our topicals address the source of the muscle or joint inflammation rather than try to mask the pain like existing pain relief creams do. NSAIDS can cause unwanted side effects like stomach irritation. Finally, unlike opioids, our pain relieving topicals have a localized effect, are not psychoactive (in the case of CBD), and are convenient to use because they do not impair motor function.
Our first three markets for product launch will be in Colorado, Oregon, and California. We are currently finalizing pre-orders from these three markets for $2.2M in revenue in the first half of 2018.
Our exclusive partnership with Advanced Nutrients for production and distribution expands our reach into every major market for medical and recreational cannabis, both in the US and internationally.
Our operating model allows us to scale quickly and efficiently. We centralize our research and production in California and ship the formula base without cannabis actives to each market where the end products are produced.
The proceeds from the campaign will be used on three priorities:
Mike Lui
I believe in the power of high expectations on the performance of people and teams. I believe that everyone has a ceiling that they cannot see, but if they continue to strive and persevere, that high ceiling may come into view. That's why I believe in the power of the work we are doing at RMR Laboratories. If we can develop products to reduce people's pain in a meaningful way without paralyzing addictions or side effects, then we've given them a chance to set and strive for those high expectations.
Thank you for taking some time to learn about the work we are doing at RMR. I'm proud of the progress the team has made in such a short period of time. Our first flagship CBD formulation has garnered tremendous response from our trial participants and I can't wait to make it available to all those that experience chronic pain.
But we're just getting started, and I'm just as excited about the rest of our roadmap. We finally have the ability to use clinically valid transdermal technology to steer the healing properties of cannabis to where we need it. That to me is game-changing.
I hope you'll join us.
- Mike
$16,000,000
The maximum valuation at which your investment converts
into equity shares or cash.
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0%
If a trigger event for RMR Laboratories occurs, the discount provision
gives investors equity shares (or equal value in cash) at a reduced price.
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$100
The smallest investment amount
that RMR Laboratories is
accepting.
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$1.07M
RMR Laboratories must achieve its minimum goal of $50K before the deadline. The maximum amount the offering can raise is $1.07M.
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Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
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I am retired from the pharmaceutical business and want to support this vision.
1. Fast growing market as a result of favorable regulatory environment. 2. Strong technology differentiates its product from competitors. 3. Implied forward revenue multiples are in line with those of comparable companies and transactions.
I invested bc I truly believe the use of marijuana in a non-toxic way may be beneficial to improve body pain. RMR, I believe, has what it takes to achieve this goal and succeed in such innovative industry. Thank you for letting me be part of it.
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