RMR Laboratories

RMR Laboratories

Closed: Dec. 2017

About this raise

Have you ever been intrigued about medicinal cannabis, but wary about trying it since you didn’t want to smoke or eat it? Well, what if there was a new way - a better way?

With RMR Laboratories, there is! RMR Laboratories has created a topical cannabis cream that provides injection-like speed and efficacy. Their game-changing product creates an intercellular pathway directly through the skin, and it delivers the active ingredients in a non-toxic, non-traumatic way. These topicals directly and locally address the source of muscle or joint inflammation, and the product uses CBD, which is non-psychoactive. Plus, testimony after testimony shows that RMR’s cream works where nothing else did. In trials, 90% of users felt pain relief within 10 minutes -- and some had their pain disappear completely.

That success has led RMR to secure an exclusive deal with the largest and most profitable company in cannabis, Advanced Nutrients, Inc., as their production and distribution partner. Pre-orders from RMR’s first three markets in Colorado, Oregon, and California have earned $2.2 million in revenue for the first half of 2018. Then, when you consider that RMR has 40 U.S. and worldwide patents pending, and their team has over 60 years experience in healthcare and life sciences and 20 years in cannabis, you see why RMR is poised to be the leader in this industry.

After all, cannabis products are now legal medically in 29 states, and more than 60% of the population believes they should be legal everywhere. The cannabis industry is being driven by the health and wellness sector, which will be worth $25 billion by 2022. RMR can help the 110 million people in the U.S. who suffer from chronic pain, along with another 272 million who suffer from migraines, insomnia, anxiety, arthritis, or depression. And they plan to expand globally.

RMR’s cream is a chance for people to be the best versions of themselves, free from pain and the negative effects of painkillers. RMR is steering the healing properties of cannabis to where it’s needed, and they are truly changing the game.

“Who Should Be Interested in this Offer:”
Do you have a painful injury or chronic pain? Do you believe in the medicinal properties of cannabis, and want it to be available to more people? If yes to either (or both!), then RMR Laboratories is worth your time and attention. Their topical cream technology provides pain relief in non-toxic, non-psychoactive ways. Plus, they’re choosing crowdsource investing over angels and VCs because they want the grassroots champions of the legalizing cannabis movement to be the ones investing in - and benefiting from - their technology. Investing in them means investing in pain relief and a people’s movement….all while earning a little profit, too.

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Investment Overview

Invested this round: $809,007

Deal Terms

Total Commitments

Platform
Republic
Start Date
11/07/2017
Close Date
12/31/2017
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Location
Marina Del Rey, California
Company Website
Visit Website

Team

Employees
2

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2017 Republic - $809,007 SAFE Funded RegCF
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RMR Laboratories on Republic
Platform: Republic
Security Type: SAFE

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