Annabis LLC

Annabis LLC is a pioneering brand that combines fashion and technology to create smart odor-proof accessories tailored to sophisticated cannabis consumers. As the cannabis industry is experiencing rapid growth, with an estimated increase from $6.5B in 2017 to $25B by 2021, Annabis recognizes the need for discreet transportation and storage of cannabis. The company initially targeted the $12B women’s handbags and small leather goods market in 2015 and now plans to expand its range to include gender-neutral, home, travel, athleisure, and wellness accessories. Annabis' products, designed for women, feature Aroma-Bloc Technology™ and secret compartments, aiming to provide a sense of freedom, sophistication, and security when carrying cannabis. Notably, Annabis has identified a significant market gap, with women representing 45% of cannabis consumers and influencing 85% of purchasing decisions in the markets it operates in. The company, backed by an experienced team and boasting great margins, has a solid revenue stream in place and an efficient customer acquisition program. Their products are currently available in select dispensaries and boutiques, indicating a strong potential for rapid scalability. With the cannabis industry set to create over 250,000 jobs by 2020, Annabis is strategically positioned to tap into the evolving market, catering to the underserved female consumer segment. This unique positioning and the company's innovative approach make it an intriguing prospect for potential investors exploring opportunities in the cannabis accessories space.