Revessel Inc

In addition to over 30 years of sales, marketing, operations, and management leadership experience, I also have had a great deal of experience and success with Start-Up ventures. I entered the cannabis industry in 2015 employed as a Business & Sales Manager for a CA based vape hardware company and immersed myself in the technology.  Almost immediately, clients were asking for help finding an effective filling solution, as well as better quality hardware. At that time, nearly all carts were poorly sourced and were filled by hand, sanitation and scalable operations were nonexistent. Since then, only marginal strides have been taken to address these issues. Currently available are partially automated systems and they are limited in their output, offer incomplete processing and all done in an open environment, requiring constant human contact. The patent pending RAFT is a fully robotic automated filling and capping system for vape hardware, that can sanitize, fill and cap 10k units a day with only one operator.  The patent pending system will replace up to 30 employees, depending on the operations output, dramatically improving efficiency, and eliminating human filling and capping errors that lead to lost oil and hardware costs. The patent pending RAFT system and the proprietary hardware offer a revolutionary start-to-finish solution for the industry’s biggest oil players. The “Ecosystem” begins with the guided product selection process, then into the only pre-fill sanitation, high volume, filling, and capping system in the world. The tamper-proof mouthpiece completes the Ecosystem cycle, offering licensed and tested oil producers and consumers, the security in knowing the same clean, tested oil that goes into the cartridge is what is consumed. As we grow the market into new states and countries, each has their own regulations making it difficult to penetrate certain markets with vape products.  Safety and brand security were paramount in the RAFT design and hardware selection.   

We submitted for patent in 2019 and successfully completed the prototype Jan 2020. Alpha test runs of hundreds of hours and thousands of units were done,  proving all programming and operational systems. In the alpha runs we discovered we could improve on some of the components and also improve the time efficiency further.  To push through Covid setbacks, we began transitioning the demo model into the complete production model for placement into a licensed facility.  This will provide the company with much needed Beta testing data and revenue from product sales. 

There are 16 states, plus Washington, D.C., that have legalized recreational adult use. In addition to the 16 states plus D.C. with legalized recreational, there are 19 states that have legalized just medical marijuana for a total of 36. Across the California, Colorado, Nevada, Oregon, and Washington state cannabis markets alone, recreational marijuana vapor pen sales increased by 20%, from $1.5 billion in 2019 to $1.8 billion in 2020, according to Seattle-based data analytics firm Headset. As for overall market share, the vapor pen slice was 19.1% in 2020. The 2021 addition of New York with a potential $4.2 billion industry that could become one of the nation’s largest markets. The global CBD vape market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 28.05 billion by 2027 growing at a CAGR of 22.25% in that forecast period. The coronavirus pandemic and lingering fallout from the 2019 vape health crisis have weighed on vape pen sales. Despite the 2020 slowdown, there are signs sales are accelerating again.

 

The U.S. House of Representatives passed legislation that would allow banks to provide services to cannabis companies in states where it is legal, a step towards removing what analysts say is a barrier to development of a national industry. As we inch closer to federal legalization companies will have to adhere to federal standards and will be required to improve operations including GMP certifications, further increasing the value of this technology.

 

Revessel's vape product supplier agreement is structured to pay Revessel .30 per product commissions on all orders. The terms include requirements to design and develop exclusive new products for the system. The RAFT is programmed to identify unauthorized parts and if found stop system operations. This security measure guarantees that the RAFT is only processing authorized products. The compounding revenue stream coming from each RAFT operating in the market, coupled with new products to expand each client’s product line, will create a tsunami of no cost revenue to the Revessel bottom line. 
 

As the industry grows and new vape products are introduced, we can easily pivot and expand the filling capabilities of the RAFT to adapt to new products and technologies. Plans for a Lease program for lessor qualified buyers, expand into a mobile filler van line and develop new robotic systems.  Additionally, as we find other opportunities for robotic automation, we have the expertise and will have proven our ability to effectively solve complex issues.  Additionally, plans to pursue opportunities for our own hardware factory in emerging manufacturing centers in India and/or Mexico.  This will increase revenue and cut costs, time and frustrations with sourcing and shipping from China.