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Looking to raise $ 1,200,000
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ThingBlu, Inc.

9645 Evergreen Drive Bellevue WA 98004



About the company

ThingBlu answers the question as to how align people, process and technology around the end to end delivery of data in the industry.  We approach this from a DataOps perspective which requires identification of all the pieces needed to capture data; secure data; to curate, prepare and move data. We then deliver it by giving end consumers not just access to the data, but actual control over it. It is really about the flow of information in the data and how you manage it in a self-service fashion.

We begin by addressing one of the largest expenses in the industry - labor. ThingBlu's Workflow engine eliminates cumbersome and repetitive tasks by combining steps, automating multiple workflows such as automating calculations as well as automating the sharing of data with other systems. Automating a selection of key tasks and processes. With ThingBlu data provides a continuous learning system to provide better value. Building high level datasets and integrating this with your other data sources. Reducing inefficiencies, providing operational visibility with associated costs/margin analysis. Insights as to how to get better at specific jobs or provide tools to support staff in completing their jobs. Creating continuous learning systems that deliver rich, adaptive, and personalized experiences for users through dashboards that can be easily tailored to present the information as needed to meet the unique requirements of each organization.

Planning for continual process development not only helps to sustain optimal efficiencies, but also allows the organization to adapt processes in sync with evolving technology, culture, priorities, and innovation. The marriage of Workflow Management and Data Integration. Maximizing the value of our clients' most valuable asset, data.

In December of 2018 ThingBlu won StartUp of the Year Award at O’Cannabiz in Vancouver, British Columbia.

Team

Market

The cannabis market is the fastest growing industry in the United States and one of the fastest in the world. The Arcview Group with BDS Analytics predicts that the U.S. industry could reach $47 Billion by 2027 and Grand View Research projects that the industry could reach $146.4 billion worldwide by 2025. The current estimated target in the United States for the ThingBlu solution is estimated at 14,500 potential clients. This number will increase significantly with the passing of the 2018 Hemp Farm Bill and more players enter the market. Some additional statistics:

*328% increase in hemp licenses - 16,462 Hemp State-Issued Licenses in 2019 - BDS Analytics

*Estimated 32,000 private businesses across the United States

*64% Decline in wholesale flower price - New Frontier Data

*Current estimates: 230,000 planted acres of hemp - Vote Hemp

*Total jobs in the country could hit nearly 745,000 by 2025 - New Frontier Data

The industry has seen falling prices and shrinking margins. Add in layer after layer of compliance, heavy reliance on spreadsheets, whiteboards and disparate databases; true operational visibility is obscured. A tremendous amount of time is spent hunting for missing data, correcting inaccurate data due to human error and reconciling conflicting data.” One survey had this estimated at 25 – 30 hours per week. Without actionable intelligence, it is difficult to meet these challenges.  Operational and strategic decision-makers’ alike struggle to get the information they need when they need it. The cost and loss of productivity are significant.

The strongest competition comes from ERP companies such as Strimo, Viridian Sciences & Ample Organics. Their strength comes from a wall garden approach. Using their modules for inventory, finance, and POS (Point-Of-Sale) ensures much of the critical data is captured. The potential weakness comes from the cost to implement and maintain, as well as if a client is happy with their existing system (such as POS) it then falls outside their area of management.

Opportunity

We think now is the time for investors and operators to pay particular attention to technology as an investment or as a point of differentiation among cannabis companiesNew Cannabis Ventures October 2020

Cannabis displays many of the characteristics common to emerging markets such as information opacity, fragmentation, value discovery, regulatory ambiguity, and market growth.

ThingBlu successfully raised $240k on a pre-seed round which enabled it to build a unique workflow and data management platform for the cannabis/hemp industry. An MVP platform for processors and growers that is being beta tested in the market.

Across many industries, those companies that embrace "digitization" outperform their peers and create greater market value. Arguably, the most valuable asset a company has is its data. Yet, in the cannabis industry, this technology is often an afterthought. ThingBlu has created a platform that couples a sophisticated, proprietary workflow engine to manage tasks while providing visibility to work performance,  with a proprietary data aggregation engine to collect, curate and provide analysis of all data regardless of the source, to illuminate costs and margins. Predictive analytics that provides continuous learning capabilities to enable data-driven decisions. All based upon Microsoft Azure stack. ThingBlu is the first Managed Service Provider in the industry, managing the technology and services which enable our clients to stay focused on their business. Valuable tools to assist companies in managing their facilities for peak performance. Business Intelligence insights for data-driven decisions to optimize resources of labor and assets. The marriage of Workflow Management and DataOps. Planning for continual process development not only helps to sustain optimal efficiencies but also allows the organization to adapt processes in sync with evolving technology, culture, priorities, and innovation.

We are seeking additional funds for growth: sales/marketing, more development resources and administrative.

Financials

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Risk disclosures

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