In Episode 23 of the Investing in Cannabis Podcast, Brandon David interviews Seibo Shen of VapeXhale joins us to discuss their award-winning line of vaporizers. This episode was the first to be filmed with a live audience.
SUMMARY
- One device for flower or oils
- Goal is to be both healthy and enjoyable
- Has purchased over 100 vaporizers since 1997
- Seibo was a stunt worker and background dancer while at UCLA
- $350-$450 price point
- Makes own glass but teams with glass blowers like Symbiartic
- Moisture conditioned – prevents irritation
- Coming out with a lot of different models in the future, but will have pocket-sized and the “Diva” (smaller and sleeker)
- Original product was intended for home experience (like big screen tv)
- Poseidon Asset Management is major investor
- Have raised $500K of $1mm convertible debt seed round
- Entrepreneurs should do due diligence on potential investors
- Seibo discusses the “road trip” test
- Looking to add sales and marketing, including VP of Marketing
- Company targets yoga enthusiasts and home improvement aficionados (based on surveys)
- 11 employees now – 3 in S.F., 2 in Nashville and balance in Scranton, PA (manufacturing and distribution)
- Ship to all 50 states
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