Dooma Wendschuh Founders Update December 29, 2017
Happy New Year!!! It’s the end of 2017, and I can’t help but think of what has happened in the past three hundred and sixty-five days. One year ago today, this company was little more than idea – just a few months old. We didn’t really know whether we could make beer from cannabis. We kind of hoped it was possible but we didn’t know. We were working with a brewery in Montreal with unfortunately very poor results. There were four of us on the team. Nothing was easy one year ago today. There were a lot of days when I felt like giving up. But I’m not a quitter and neither is anyone on this team.
One year later, we are one of the most talked about companies in the Canadian cannabis industry. We are patent pending on the world’s first beers brewed from cannabis. We’ve made a great tasting prototype for our Cambridge Bay. We’ve made many prototypes of our Yandi Gold and held 7 tasting events with phenomenal responses. We’ve completed a clinical study to verify the efficacy of various accelerants. We’ve raised considerable funding from nearly 90 accredited investors. We received a grant from the Ontario Centers of Excellence worth around $300,000 for a research project we’re doing with Loyalist College. We’ve assembled a world class advisory board and an absolutely unstoppable team of 7 full-time, 7 part-time team members. We’ve forged partnerships with amazing universities and industry-leading businesses including a partnership with a major LP which will allow us to purchase our own marijuana license. We’re currently in due diligence on two major transactions.
In 2017 we turned an idea into a company. In 2018 we turn a story into a phenomenon. We build a brewery. We prepare to get our licenses. We sell our first products. We invite the public to help us change the world.
Whether you’re a team member or an investor or an advisor, thank you for believing in us when so many others would not. Thank you for giving us the chance to prove what we can do with a great idea, a little talent, and a lot of persistence. Even though we weren’t together on New Years Eve I raised my glass and toasted all of you and the business we’re building together. Thank you!