Robotanical, which manufactures automated vaporizer cartridge refill machines that produce virtually zero waste, took home the trophy and bragging rights in the Investor Pitch Slam competition at the Marijuana Business Conference and Expo on Thursday.
Robotanical and four other cannabis companies – Annabis, Boutique Nursery Barn, California’s Kindest and MacLou – were chosen to compete from an applicant pool of 55 U.S. cannabis companies. After their pitches, cannabis entrepreneurs received follow up questions and constructive feedback from four judges: Leslie Bocskor of Electrum Parnters, Al Foreman of Tuatara Capital, Patrick Rea of CanopyBoulder and Lindy Snider of LindiSkin.
The judges prodded entrepreneurs to articulate things such as how they arrived at their requested investment amount or valuation, how they will address competition and disruptive technology, and how they would deploy capital.
The judges rated the entrepreneurs on factors such as overall presentation, concept viability and style.