This 10 year old cannabidiol (CBD) company specializes in cream, gel, liquid and capsule health care products. The chemist and engineer driven company formulates its own products in its laboratory and then produces them offsite. Its product line includes trademarked names and is comprised of over 30 skus. The 2 largest drug store chains have carried the product however management preferred not to continue to pursue sales via such outlets. Of the firm’s $350,000 in sales only $50,000 are derived from wholesale orders via brokers and distributors.
This enterprise operates from an efficient 1,850 square foot facility that leases for $3,000 per month on a short-term lease. As the operation is not reliant on the location it may be moved, though a dramatic relocation may be impactful on staff. Staff includes a manager, an assistant manager and a receptionist each who work 30 hours per week. The owner provides a facility their proprietary concentrate for production. They prefer to not patent products but control their proprietary formulas.
