Market Expertise Emerald Scientific has established itself as a leading provider in the cannabis science industry, serving as the first dedicated single-source supplier of cannabis scientific equipment and supplies. This positions them as a trusted partner for laboratory testing and scientific needs within the cannabis and hemp sectors, creating opportunities for suppliers of advanced testing equipment and laboratory automation solutions.
Partnership & Collaborations The company's recent collaborations with industry leaders like Mile High Labs, PerkinElmer, and MJ Biz Daily demonstrate an active engagement with key players and industry-standard events. This indicates a network of established partnerships, providing a pathway for sales teams to target related manufacturers, testing labs, and industry event organizers for potential product and service offerings.
Digital Presence Emerald Scientific invested in upgrading their website in March 2023 and utilized various digital tools like Google Analytics, Pardot, and Cloudflare for customer engagement and security. These initiatives reveal their focus on digital marketing and outreach, presenting opportunities for sales of marketing technologies, analytics platforms, or cybersecurity solutions tailored for biotech and scientific supply companies.
Industry Recognition Being recognized as an Industry Collaborator by the Consortium for Medical Marijuana Clinical Outcomes signals credibility and a strong position within the regulated cannabis testing industry. This reputation can facilitate sales outreach to government agencies, quality assurance firms, and compliance-focused organizations seeking reliable scientific equipment and testing services.
Growth and Financials With revenue estimated between $10 million and $25 million despite ceasing operations, Emerald Scientific presents opportunities for acquiring scientific inventory, laboratory equipment, or distribution channels. Buyers or partners looking to expand in the cannabis testing space can leverage their existing customer base and industry reputation for rapid market entry or acquisition strategies.