hapac® – Liberty Herbal TechnologiesJeremy Sturgess-Smith
What is hapac®?
- small, ready-to-use filter-paper sachets of pre-ground medical cannabis,
specially designed for use in dry-herb vaporisers.
- heat not burn.
- wasted cannabis, toxicants and odour dramatically reduced.
- makes vaping medical cannabis as simple, easy and satisfying as using a coffee pod.
- goal is to build a valuable, legal and global cannabis brand (hap®) based on the unique
benefits of hapac®, its patent pending technology for vaping medical cannabis.
- business model is to license the intellectual property to authorised cannabis processors in
legal cannabis markets, for the manufacture and sale of hapac® based products.
- Following successful trials in Seattle, hapac® has commercially launched in Italy, December 2018.
- A Canadian launch being planned for 2019.
- Three founders have over 75 years expertise between them in MD / CEO and senior roles in British American Tobacco, creating and building global brands in vaping and e-cigarette devices.
- £460,000 for 15%.
- Board seat.
- Ability to follow rights on further rounds.
- First right of refusal on future raisings for 2 years.
Why we like it
- Exceptional team.
- Disciplined strategy.
- Novel yet simple delivery method.
- Measured dose.
- Sensible valuation.
- Significant upside potential.