Texas-Based Entrepreneur Pursues Cannabis Market with LED Lighting Systems

Credit: Houston Chronicle
Credit: Gary Coronado / Houston Chronicle

Jonathan Villagomez launched Erbba Spectrum last year in a state that is now barely legal, Texas, which enacted a low-THC law that has not yet been implemented.  The young entrepreneur invested about $250K of his own money and raised almost $1mm from outside investors. He has now sold about 30 LED lighting systems, some to cannabis growers, at $1695 each and will introduce a lower priced system later this year.

Read Andrea Rumbaugh’s “Legal marijuana an opportunity for LEDs”: http://www.houstonchronicle.com/business/technology/article/Legal-marijuana-an-opportunity-for-LED-lighting-6818914.php

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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