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We think the genomic testing world could use a little more transparency and emphasis on the rights of individuals to control their data. This initiative would make Cannabis Genome DAO the first digital cooperative to maintain an ownership stake in a physical laboratory. As such, Cannabis Genome DAO would be granted full rights of a member of the company with access to financial reporting and an ability to ensure that the fidelity and transparency of laboratory practices are maintained. The alignment of incentives and governance rights between a community that benefits from using the laboratory, with the governance and incentives of the laboratory operations itself, directly benefits the community and users of the laboratories services.
Funding would go toward purchasing a membership interest in Delta Leaf, which is currently undergoing equity fundraising in pursuit of a traditional VC investment or strategic partnership from another organization. This provides the opportunity for Cannabis Genome DAO to fill that need. Funding from the sale of membership interest in Delta Leaf would be used for improving and expanding their services. These services include an upgrade to the Delta Leaf web app that would enable users to manage their laboratory results using self-custodial web3 wallets with the option to publish directly to the data marketplace being developed by Cannabis Genome DAO. Governance of Delta Leaf would be aligned with the mission and values of Cannabis Genome DAO because members of the latter would exert a significant amount of direct control over the operations of the former.
The crowdfund would be hosted here on Mirror and structured as a sale of a collection of tiered NFT editions. More information below.
Cannabis Genome DAO (“CGD”) would purchase a 20% membership interest in Delta Leaf Laboratories LLC (“Delta Leaf”), a California Limited Liability Corporation.
Cannabis Genome DAO (“CGD") is a "nonprofit association" under the Delaware Uniform Unincorporated Nonprofit Association Act, Del. Code Ann. Tit. 6, §§ 1901-1916. CGD is not intended to be, and shall not be deemed to be, a partnership.
Governance of the CGD’s membership interest in Delta Leaf would be managed through the distribution of DLL tokens to members of CGD who contribute to this fundraiser.
The total DLL token supply would exclusively distribute governance rights to CGD members and does not distribute ownership right in Delta Leaf to individual members of CGD.
DLL tokens would not, and will not, represent any financial claim by individual CGD members to potential profit or obligation to potential losses incurred by CGD while CGD is acting as a member of Delta Leaf.
CGD and the CGD treasury would incur all financial profit and loss related to membership of CGD in Delta Leaf. The proceeds of this crowdfund will be sent to the CGD community multi-sig for the explicit purpose of completing the purchase of a membership interest in Delta Leaf as described herein.
Governance of Delta Leaf comprises a subset of the proposed activities encompassed by the CGD Community Hyperthesis. Therefore, the token allocation will primarily be distributed directly to participants in the crowdfunding campaign with only 20% being reserved for community management by CGD itself. This will decentralize governance directly to financial supporters while aligning them with the remaining CGD community who does not participate in the crowdfunding campaign or joins the community later after the campaign ends. Further, an additional 10% will be reserved for incentivizing the ongoing development of infrastructure for the regenerative crypto-economic system proposed in the CGD Community Hyperthesis. This third portion will align the potential success of this crowdfund with the CGD ecosystem in the short term.
70% of the DLL token supply will be allocated directly to CGD members who contribute to the fundraiser.
20% of the DLL token supply will be reserved in the CGD treasury and managed by a community multi-sig wallet.
Multi-sig address: 0xb39EB13E9B69809ed938842D5Ea1A89a97787315
10% of the DLL token supply will be sent to a separate multi-sig wallet to be used exclusively for incentivizing the development of CSAT token smart contracts, a custom front-end for CannaData.Market and other initiatives for CGD.
Multi-sig address: 0x99A05055820f8c4794879B2617b520513C7DFca1
Elijah - 80% (fully vested)
Felipe - 4% (fully vested, handshake agreement with Elijah)
Michael - 15% (unvested, original agreement lapsed with contingencies not met)
Saif - 0% (resigned, forfeiting claim to equity and reimbursement)
Edgar - 0% (offer a buyout)
1% held in company escrow
Elijah - 70% (fully vested)
Felipe - 15% (5% fully vested, 10% unvested on 4yr term/1yr cliff)
Michael - 15% (2.5% fully vested, 12.5% unvested on 4yr term/1yr cliff)
Saif - 0% (offer a severance package)
Edgar - 0% (offer a buyout)
Elijah - 56% (fully vested)*
Felipe - 12% (4% fully vested, 8% unvested on 4yr term/1yr cliff)
Michael - 12% (2% fully vested, 10% unvested on 4yr term/1yr cliff)
Saif - 0% (offer a severance package)
Edgar - 0% (offer a buyout)
CGD - 20% (fully vested)
*Elijah has agreed to give exclusive follow-on rights to CGD for the purchase of up to an additional 10% membership interest in a direct sale for the 12 months following a successful crowdfund.
2018 ~ $12,600
2019 ~ $59,800
2020 ~ $212,000
2021 ~ $420,000 (yes, that really happened)
2022 ~ $150,000 YTD (raising capital to invest in lowering overhead and bolstering new revenue streams)
A customer book of > 2000 individuals
An email subscriber list of > 3000 addresses
Internal research data for assay and product development
Extensive and detailed standard operating procedures for a low-cost and high-throughput cannabis genomics laboratory
A full laboratory with 12 BioRad (MJ Research) PCR machines, 1 BioRad iCycler iQ5 qPCR machine, four high-throughput gel rigs, multiple centrifuges, an autoclave, shaker, scale, laminar flow hood, and all other equipment required to perform basic molecular biology experiments and process large volumes of samples.
Supplies to make ~15,000 DNA/RNA collection kits (current version)
Infrastructure: website, extensive marketing collateral (print and digital), HR, CRM automation, etc.
500 units of a prototype unreleased custom DNA/RNA collection kit compatible with automated sample processing machines
Die-lines, artwork, assembly and use instructions for a line of custom-designed functional product packaging to facilitate shipping and processing of the prototype kits (list item #8)
UX/UI and database designs for a customer-facing app supporting SaaS data analysis services compatible with list items #8 and #9 (the app also doubles as an internal workforce productivity app)
An IP-NFT demonstrating proof-of-concept for CRISPR gene editing in cannabis (and a couple of really controversial ENS names)
https://mirror.xyz/fuckmonsanto.eth/jr1KKbnIR0orWnlyb1-UuAkAyUPZk5NARqc0dxnc_o8
Minimum crowdfunding goal is 100 ETH (currently ~$125,000 USD).
Offer buyout to Edgar - $7,250
Outstanding expenses - $10,000
Legal restructuring and tokenization - $10,000
HLVd Screening Reagents - $20,000
Reagents for HLVd/LCV/CCV Multiplex Assay - $25,000
Fingerprint Reagents - $5,000
Payroll (3 months FT research scientist + PT processing staff) - $30,000
Rent (3 months, 2 rooms) - $4,200
Develop an Educational Course - $10,000
Delta Leaf will develop an online and in-person bootcamp course available at a discount for CGD members to teach basic molecular biology lab skills required to perform entry-level technical work in the cannabis industry. The online part of the course will instruct students in fundamental background knowledge through a combination of animations, live whiteboard demos, and slide presentations.
Students will be able to claim a non-transferrable NFT Certificate after completing learning assessments throughout the course and passing a final examination*. Students holding the NFT Certificate will be eligible to enroll in a paid, small group, live training course held on-site at Delta Leaf Laboratories in Santa Barbara, CA.
*Note: a small number of NFT Certificates to enroll in the first cohort of the live training course will be sold as part of the crowdfund.
Stretch goal is 500 ETH (currently ~$600,000 USD).
Offer buyout to Edgar - $30,000
Pay off Venture Debt Loan - $90,000
CPA & Bookkeeper - $2,500
Legal Restructuring and Tokenization - $10,000
Outstanding Expenses - $10,000
Nanodrop (for nucleic acid quantification) - $5,000
HLVd and Fingerprint Reagents - $50,000
Inventory for New Leaf Crush Kits and Packaging (100K kits) - $30,000
Delta Leaf App MVP - $30,000
Point-of-Grow Rapid Genetic Test Kits (new product dev) - $30,000
Develop an Educational Course - $10,000
Website redesign w/ new logo - $5,000
TLD Registrations - $2,500
Marketing for NEW BRANDING (website, kits, app, merch) - $7,500
Swag and merchandise inventory - $7,500
Payroll (1 year FT research scientist + PT processing staff) - $120,000
Salary (1 year for 3 co-founders) - $72,000
Customer support for phone/email (1 year) - $18,000
Lab Rent (1 year, 3 rooms) - $25,200
Property and Liability Insurance (1yr) - $3,000
If you’re interested in the fine print, here’s a link to the Delta Leaf operating agreement for full 100% transparent details about what membership entails. Exhibit A is the portion that would be modified to reflect a change in membership interest. The link only allows for a specified number of downloads before it blocks access to the file, so, if you’re unable to see the file reach out to @flow_science on Twitter or Flowscience#7502 on the Cannabis Genome DAO server.
Here’s another encrypted link to a recent version of Delta Leaf’s pitch deck (please reach out if the download limit has been exceeded):
We think the genomic testing world could use a little more transparency and emphasis on the rights of individuals to control their data. This initiative would make Cannabis Genome DAO the first digital cooperative to maintain an ownership stake in a physical laboratory. As such, Cannabis Genome DAO would be granted full rights of a member of the company with access to financial reporting and an ability to ensure that the fidelity and transparency of laboratory practices are maintained. The alignment of incentives and governance rights between a community that benefits from using the laboratory, with the governance and incentives of the laboratory operations itself, directly benefits the community and users of the laboratories services.
Funding would go toward purchasing a membership interest in Delta Leaf, which is currently undergoing equity fundraising in pursuit of a traditional VC investment or strategic partnership from another organization. This provides the opportunity for Cannabis Genome DAO to fill that need. Funding from the sale of membership interest in Delta Leaf would be used for improving and expanding their services. These services include an upgrade to the Delta Leaf web app that would enable users to manage their laboratory results using self-custodial web3 wallets with the option to publish directly to the data marketplace being developed by Cannabis Genome DAO. Governance of Delta Leaf would be aligned with the mission and values of Cannabis Genome DAO because members of the latter would exert a significant amount of direct control over the operations of the former.
The crowdfund would be hosted here on Mirror and structured as a sale of a collection of tiered NFT editions. More information below.
Cannabis Genome DAO (“CGD”) would purchase a 20% membership interest in Delta Leaf Laboratories LLC (“Delta Leaf”), a California Limited Liability Corporation.
Cannabis Genome DAO (“CGD") is a "nonprofit association" under the Delaware Uniform Unincorporated Nonprofit Association Act, Del. Code Ann. Tit. 6, §§ 1901-1916. CGD is not intended to be, and shall not be deemed to be, a partnership.
Governance of the CGD’s membership interest in Delta Leaf would be managed through the distribution of DLL tokens to members of CGD who contribute to this fundraiser.
The total DLL token supply would exclusively distribute governance rights to CGD members and does not distribute ownership right in Delta Leaf to individual members of CGD.
DLL tokens would not, and will not, represent any financial claim by individual CGD members to potential profit or obligation to potential losses incurred by CGD while CGD is acting as a member of Delta Leaf.
CGD and the CGD treasury would incur all financial profit and loss related to membership of CGD in Delta Leaf. The proceeds of this crowdfund will be sent to the CGD community multi-sig for the explicit purpose of completing the purchase of a membership interest in Delta Leaf as described herein.
Governance of Delta Leaf comprises a subset of the proposed activities encompassed by the CGD Community Hyperthesis. Therefore, the token allocation will primarily be distributed directly to participants in the crowdfunding campaign with only 20% being reserved for community management by CGD itself. This will decentralize governance directly to financial supporters while aligning them with the remaining CGD community who does not participate in the crowdfunding campaign or joins the community later after the campaign ends. Further, an additional 10% will be reserved for incentivizing the ongoing development of infrastructure for the regenerative crypto-economic system proposed in the CGD Community Hyperthesis. This third portion will align the potential success of this crowdfund with the CGD ecosystem in the short term.
70% of the DLL token supply will be allocated directly to CGD members who contribute to the fundraiser.
20% of the DLL token supply will be reserved in the CGD treasury and managed by a community multi-sig wallet.
Multi-sig address: 0xb39EB13E9B69809ed938842D5Ea1A89a97787315
10% of the DLL token supply will be sent to a separate multi-sig wallet to be used exclusively for incentivizing the development of CSAT token smart contracts, a custom front-end for CannaData.Market and other initiatives for CGD.
Multi-sig address: 0x99A05055820f8c4794879B2617b520513C7DFca1
Elijah - 80% (fully vested)
Felipe - 4% (fully vested, handshake agreement with Elijah)
Michael - 15% (unvested, original agreement lapsed with contingencies not met)
Saif - 0% (resigned, forfeiting claim to equity and reimbursement)
Edgar - 0% (offer a buyout)
1% held in company escrow
Elijah - 70% (fully vested)
Felipe - 15% (5% fully vested, 10% unvested on 4yr term/1yr cliff)
Michael - 15% (2.5% fully vested, 12.5% unvested on 4yr term/1yr cliff)
Saif - 0% (offer a severance package)
Edgar - 0% (offer a buyout)
Elijah - 56% (fully vested)*
Felipe - 12% (4% fully vested, 8% unvested on 4yr term/1yr cliff)
Michael - 12% (2% fully vested, 10% unvested on 4yr term/1yr cliff)
Saif - 0% (offer a severance package)
Edgar - 0% (offer a buyout)
CGD - 20% (fully vested)
*Elijah has agreed to give exclusive follow-on rights to CGD for the purchase of up to an additional 10% membership interest in a direct sale for the 12 months following a successful crowdfund.
2018 ~ $12,600
2019 ~ $59,800
2020 ~ $212,000
2021 ~ $420,000 (yes, that really happened)
2022 ~ $150,000 YTD (raising capital to invest in lowering overhead and bolstering new revenue streams)
A customer book of > 2000 individuals
An email subscriber list of > 3000 addresses
Internal research data for assay and product development
Extensive and detailed standard operating procedures for a low-cost and high-throughput cannabis genomics laboratory
A full laboratory with 12 BioRad (MJ Research) PCR machines, 1 BioRad iCycler iQ5 qPCR machine, four high-throughput gel rigs, multiple centrifuges, an autoclave, shaker, scale, laminar flow hood, and all other equipment required to perform basic molecular biology experiments and process large volumes of samples.
Supplies to make ~15,000 DNA/RNA collection kits (current version)
Infrastructure: website, extensive marketing collateral (print and digital), HR, CRM automation, etc.
500 units of a prototype unreleased custom DNA/RNA collection kit compatible with automated sample processing machines
Die-lines, artwork, assembly and use instructions for a line of custom-designed functional product packaging to facilitate shipping and processing of the prototype kits (list item #8)
UX/UI and database designs for a customer-facing app supporting SaaS data analysis services compatible with list items #8 and #9 (the app also doubles as an internal workforce productivity app)
An IP-NFT demonstrating proof-of-concept for CRISPR gene editing in cannabis (and a couple of really controversial ENS names)
https://mirror.xyz/fuckmonsanto.eth/jr1KKbnIR0orWnlyb1-UuAkAyUPZk5NARqc0dxnc_o8
Minimum crowdfunding goal is 100 ETH (currently ~$125,000 USD).
Offer buyout to Edgar - $7,250
Outstanding expenses - $10,000
Legal restructuring and tokenization - $10,000
HLVd Screening Reagents - $20,000
Reagents for HLVd/LCV/CCV Multiplex Assay - $25,000
Fingerprint Reagents - $5,000
Payroll (3 months FT research scientist + PT processing staff) - $30,000
Rent (3 months, 2 rooms) - $4,200
Develop an Educational Course - $10,000
Delta Leaf will develop an online and in-person bootcamp course available at a discount for CGD members to teach basic molecular biology lab skills required to perform entry-level technical work in the cannabis industry. The online part of the course will instruct students in fundamental background knowledge through a combination of animations, live whiteboard demos, and slide presentations.
Students will be able to claim a non-transferrable NFT Certificate after completing learning assessments throughout the course and passing a final examination*. Students holding the NFT Certificate will be eligible to enroll in a paid, small group, live training course held on-site at Delta Leaf Laboratories in Santa Barbara, CA.
*Note: a small number of NFT Certificates to enroll in the first cohort of the live training course will be sold as part of the crowdfund.
Stretch goal is 500 ETH (currently ~$600,000 USD).
Offer buyout to Edgar - $30,000
Pay off Venture Debt Loan - $90,000
CPA & Bookkeeper - $2,500
Legal Restructuring and Tokenization - $10,000
Outstanding Expenses - $10,000
Nanodrop (for nucleic acid quantification) - $5,000
HLVd and Fingerprint Reagents - $50,000
Inventory for New Leaf Crush Kits and Packaging (100K kits) - $30,000
Delta Leaf App MVP - $30,000
Point-of-Grow Rapid Genetic Test Kits (new product dev) - $30,000
Develop an Educational Course - $10,000
Website redesign w/ new logo - $5,000
TLD Registrations - $2,500
Marketing for NEW BRANDING (website, kits, app, merch) - $7,500
Swag and merchandise inventory - $7,500
Payroll (1 year FT research scientist + PT processing staff) - $120,000
Salary (1 year for 3 co-founders) - $72,000
Customer support for phone/email (1 year) - $18,000
Lab Rent (1 year, 3 rooms) - $25,200
Property and Liability Insurance (1yr) - $3,000
If you’re interested in the fine print, here’s a link to the Delta Leaf operating agreement for full 100% transparent details about what membership entails. Exhibit A is the portion that would be modified to reflect a change in membership interest. The link only allows for a specified number of downloads before it blocks access to the file, so, if you’re unable to see the file reach out to @flow_science on Twitter or Flowscience#7502 on the Cannabis Genome DAO server.
Here’s another encrypted link to a recent version of Delta Leaf’s pitch deck (please reach out if the download limit has been exceeded):
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