Highly Profitable Cannabis, Hemp, and Products Testing Laboratory

Captive Market with Recurring Customers

A Well-Staffed Company with Over 150 Clients in Southern CA

This company is a full-service California Cannabis state testing laboratory that offers accurate and affordable testing services for Cannabis, Hemp, and CBD products for the recreational market, which the state requires before the customer can sell the products. This state-of-the-art cannabis testing laboratory serves cultivators, manufacturers, and distributors in the cannabis industry. It is dedicated to ensuring the safety, quality, and compliance of cannabis products and provides comprehensive testing services that adhere to rigorous regulatory standards established by the Department of Cannabis Control (DCC). The company is ISO/IEC 17025 certified.

The company offers:
Cannabinoid profiling is used to determine the potency of THC, CBD, and other compounds.
Terpene Analysis is used to assess the products' aroma, flavor, and potential therapeutic properties.
Contaminant Testing for pesticides, heavy metals, microbial contaminants (e.g., mold, yeast, bacteria), and residual solvents.
Customized Testing Solution.

The company is fully staffed and employs about 33 FT scientists and laboratory staff.

The company’s financials have grown by over 30% year over year. The October 2024 TTM shows revenue of $4.6 million and adjusted EBITDA of $1.4 million.

Financial Highlights FY ending 12/31:

Jan-Oct 2024 (P&L)
Revenue ($) $3,904,156
Adjusted EBITDA ($) $1,229,551

TTM October 2024 (P&L)
Revenue ($): $4,600,039
Adjusted EBITDA ($): $1,402,721

2023 (TR)
Revenue ($): $3,036,811
Adjusted EBITDA ($):$660,507

2022 (TR)
Revenue ($): $1,148,036
Adjusted EBITDA ($): ($137,664)

2021 (TR)
Revenue ($): $378,971
Adjusted EBITDA ($): ($19,169)

For additional information, contact Matt Manavi at 714-927-9222 or email at mmanavi@tworld.com.