HighRes Labs

HighRes Labs

Closed: Dec. 2021

About this raise

HighRes Labs, with a pre-money valuation of $3.6 million, is raising crowdfunding on Fundanna. It is a cannabis testing facility specializing in the analysis of hemp, CBD, and medical marijuana. HighRes Labs has top-tier technical talent, modern test equipment, enhanced services, and rigorous testing and certification standards. Dr. Q. Wang and Rick Jones founded HighRes Labs in May 2020. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the proceeds will be used to secure the equipment lineup, rent a first facility, and hire specialized staff. HighRes Labs is led by an experienced team and offers accurate, convenient, and speedy testing services.

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Investment Overview

Invested this round: $13,660

Deal Terms

Total Commitments

Platform
Fundanna
Start Date
11/16/2020
Close Date
12/03/2021
Min. Goal
$10,000
Max Goal
$1,070,000
Min. Investment

$200

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.00

Pre-Money Valuation

$3,600,000

Company & Team

Company

Year Founded
2020
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Edmond, Oklahoma
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Luke Qiliang Wang
Title
CEO and Lab Director
Founder Name
Rick Jones
Title
Startup Officer

Financials

 Revenue
$0
 Monthly Burn
$1,792
 Runway
5.6 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-21,507

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,091

$0

Accounts Receivable

$0

$0

Total Assets

$10,091

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/03/2021 Fundanna $3,600,000 $13,660 Equity - Common Funded RegCF
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Add to portfolio
HighRes Labs on Fundanna
Platform: Fundanna
Security Type: Equity - Common
Valuation: $3,600,000
Price per Share: $4.00

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Warning: according to the close date for this deal, HighRes Labs may no longer be accepting investments.

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