These Materials (the “Materials”) have been prepared solely for informational purposes from information supplied by FloEnvy, LLC (“FloEnvy”, the “Company”), solely for use by potential investors in considering investment into the Company. The Company has not independently verified any of the information and data contained herein and the same are enclosed for information purposes only. The Company makes no representation or warranty as to the accuracy or completeness of such information and shall not have any liability for any representations (express or implied) contained herein, or for any omissions from these Materials, or any other written or oral communications transmitted to the recipient by the Company in the course of the recipient’s evaluation of the proposed investment. The information contained herein has been prepared to assist interested parties in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information that a prospective investor may desire. These Materials includes certain statements, estimates and projections provided by the Company’s management with respect to the anticipated future performance of the Company. Such statements, estimates and projections reflect various assumptions by the Company’s management concerning anticipated results, which have been included solely for illustrative purposes. The information and data contained herein are confidential and may not be divulged to any person or entity, in whole or in part, except to your officers, directors, employees, and agents for use in connection with such evaluation or as required by applicable law or without the consent of the Company. In addition, by receiving these Materials prospective lenders and their affiliates and agents agree to return these Materials together with any copies thereof in the event investment herein is declined.
Mike Steinmann, Partner
(314) 323- 0120
The numbers of companies and employees in the cannabis cultivation industry is growing rapidly.
Source: Marijuana Business Factbook 2017: Executive Summary
The recreational legalization of cannabis means more new growers, and expansion of mature cultivators.
Cultivators that shelled out for expensive indoor facilities are discovering that costs of production now exceed the market price per pound of cannabis. A survey showed that wholesale cultivators anticipate their financial conditions will deteriorate over the next 12 months; which is more than any other segment of the industry.
In early 2016, nearly 70% of retailers, wholesale cultivators and infused product manufacturers said they had reached break-even or profitability within a year. In a 2017 Marijuana Business Daily survey, it showed that about 55% of these businesses had reached their break-even point or hit profitability within a year.
FloEnvy makes production tracking easy.
Assign tasks among team members, tailored to your operation's task types.
The mobile app allows for scheduling, collaboration, task tracking, and plant tagging.
Reward top performers with individualized reports, helping each employee grow and hit new targets.
Watch your entire business grow in real-time with the comprehensive dashboard.
Our team has a combined 20 years of experience in building production tracking systems utilizing cutting edge software development.
Starting in the warehouse as a high school senior in 2001, Mike worked his way up to Senior Vice President and in 2015, purchased HITS Scanning Solutions from its founder.
Under Mike’s ownership, HITS has seen 20% year over year growth and has been able to develop key partnerships with billion-dollar organizations such as Box, Konica Minolta, and ROi. Mike has also successfully led development and roll out of HITS’ new innovative software STR8VIEW, which has been adopted by 30 clinics and 5 hospitals within its first year.
When Mike was visiting Cannabis cultivation sites in Denver as part of his entrepreneur's group, he saw the need for production tracking software to increase employee efficiencies. Through FloEnvy, he is taking the decades of experience from HITS production tracking software and repurposing it for the cannabis industry.
Michael has spent the last 4 years working for companies in Silicon Valley and New York.
During that time he has built blockchain infrastructure at ConsenSys, deployed machine learning tools for PayPal, fine-tuned a product recommendation engine serving millions of users at Massdrop, and founded a mobile wallet platform funded by MasterCard (zlto.co), leading it from launch to 20,00 active accounts.
Michael is actively pursuing the Cannabis industry to grow alongside an industry moving at a tremendous pace, and is excited to lend his technical skills towards the development of FloEnvy.
Crane Business Growth | Purk & Associates, P.C., CPAs | Matthews Edwards LLC
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