Mariposa Technology

A one-of-a-kind, digital farming tool that will help revolutionize the world of agricultural testing beginning with industrial hemp.

Introduction

Mariposa Technology provides a cutting edge service to hemp farmers. Through the use of our handheld Raman spectrometer, our technology can provide hemp farmers with vital, analytical information about their crops. Once the data on a specific hemp variety is logged in our Raman spectroscopy database, farmers can optimize their harvest with unprecedented access to daily crop test readings.

Problem

problem1

Iowa’s Department of Agriculture reported that roughly 13% of Iowa farmers’ hemp fields had to be fully or partially destroyed in 2020. According to Don Robison, seed administrator with the Office of Indiana State Chemists, nearly 20% of Indiana’s hemp crop was destroyed last year due to high THC levels. Recently, an Oklahoma facility was forced to destroy an estimated $7-$10 million in hemp as THC levels were once again exceeding the legal limit.

Can you imagine making a significant investment of both time and money into cultivating a crop with dreams of guaranteed profits, only to be told at harvest that you have to burn it all to the ground?

The legal limit of total-THC in hemp is 0.3% (3/10 of 1%) and any amount over that limit requires the crop to be destroyed. For the tens of thousands of hemp farmers in the U.S., this is the unfortunate reality for up to 25% of their crop each year. This is happening in every state across the country, to large and small farmers alike.

Pain points in the hemp testing process include:

  • Sample collection (handler) site visit fees
  • Lab testing fee
  • Lab result wait times
  • Lost profit opportunity
problem2
“Many hemp growers are consistently stressed out about the level of THC and whether their plants will test hot or not”
- Roger Brown, Co-founder & President ACS Laboratory

Solution

solution1

Raman Spectroscopy

The Raman Effect was originally discovered by renowned Indian physicist Sir Chandrasekhara Venkata Raman, who was awarded the Nobel prize in physics for his discovery. A Raman spectra provides a structural "finger print" of molecular composition by which molecules can be identified and studied.

Mariposa Technologies, through an exclusive agreement with AgriLife Research and the Kurouski Laboratory of Texas A&M University, has further developed a testing protocol utilized by an on-site, handheld Raman spectrometer that references an AI database for the testing of live hemp plants.

  • Fully transferable
  • $2,500 upfront cost + $250/acre
  • Limited training time (20-30 minutes)
  • Requires only a computer + internet
  • Less prone to user error than other testing protocols
  • Zero sample preparation required
  • Results in 30-60 seconds
  • Proven to work in other agricultural crops

Our proprietary algorithms continuously update our database with every additional scan performed, using AI to compete with other comparable solutions in the world of agriculture today.

solution2

Competitors

Orange Photonics LightLab

competition1
  • $14,300 upfront + $5/test + $1,080 annual calibration fee
  • Many hours of training
  • Highly prone to user error
  • Requires hours of sample preparation
  • Requires solvents, chemicals, and other consumables
  • Results in 10.5 minutes, post-preparation
competition1

Ionization Labs Cann-ID

competition2
  • $7,500 upfront + $25/test + $2,500 monthly subscription fee
  • Multiple days of training
  • Highly prone to user error
  • Requires hours of sample preparation
  • Requires solvents, chemicals, and other consumables
  • Results in 30 minutes, post-preparation
competition2

Mariposa Technology is working to deliver an affordable, accurate, and easy-to-use handheld device to farmers and growers, paired with our proprietary database to ensure crops are optimized and staying within the legal total-THC limits.

Business Model

SaaS/TaaS Subscription Model

Mariposa Technology plans to rent farmers a self-operated digital farming tool, requiring less than thirty minutes of training prior to use. Along with our tool rental, we plan to offer subscriptions to our digital database of reference test results. Farmers typically invest tens of thousands of dollars per acre on:

  • Seeds
  • Equipment
  • Water
  • Labor
  • Lab testing

We can help protect those investments by providing the unprecedented ability to monitor the crop for an estimated 2% of the farmer’s overall costs. With 500,000+ acres of hemp licensed in 2020 alone, and our unique fee-per-acre pricing model, the potential revenue opportunity is immense - not only in the U.S. but around the globe.

We are also pursuing the opportunity to form strategic laboratory partnerships across the country. Partnerships will enable labs to offer new services to their existing customer base. Our proprietary database can be complementary to existing business models, allowing labs to stay on the cutting edge of testing technology.

“The global industrial hemp market is forecasted to be worth at least USD $12.98 billion by 2025.”
- Market Data Forecast.

Market

market1

Hemp farming is quickly growing in popularity, not only in the U.S., but around the world. Farmers are turning to hemp to capitalize on the huge potential financial opportunity that is currently presented, and continually growing. Due to its commercial versatility - with thousands upon thousands of known uses - and its unmatched benefits as a rotational crop, hemp has been considered by many to be “the king of crops.”

Mariposa Technology provides an increasingly important service to assist hemp growers in complying with strict potency guidelines and basic quality standards.

  • Grand View Research projects the market value for the global hemp industry to grow by 15.8% between 2020-2027. Global revenues for CBD (derived from hemp) alone are projected to increase from $9.3 billion to $23.6 billion in 2025.
market2

Success to Date

  • Executed Agreement with Texas A&M University, Agrilife Research and Kurouski Labs to complete R&D.
  • Initial scans at various hemp farms across the country has commenced.
  • Contacted hundreds of hemp farmers across multiple states with visits being scheduled and data agreements underway.
  • Assembled a diverse, committed founding team of scientists, executives, experts and advisors.
  • Corporation built for IRS section 1202 Small Business Stock Gains Exclusion and resaleable Louisiana Angel Investor tax credits of 35%.
  • Located in an Opportunity Tax-Zone for additional tax advantages.
  • Approved by the NSF for a SBIR Stage One non-dilutive grant application, worth up to $256,000 for the commercialization of our service.

Press

Team

John Roberts
Co-Founder

John is a graduate from Tulane University, earning a BA in History. A proven team leader with 20+ years experience developing diverse team members and guiding multiple teams to success. Managed teams which at times exceeded 100 co-workers, while developing supervisor and management talent internally. A strong leader who listens and works collaboratively with all team members.

Mickal Adler
Co-Founder

Mickal is an experienced Counsel and Manager with a history of leading teams, handling legal and executive functions, and with hands-on experience in product design and development, manufacturing and importing, retail, marketing and e-commerce. 1993 graduate from Tulane University Law School.

Michael Dalle Molle
COO

Michael is an entrepreneur, teacher, designer and small business advisor. Co-Founder of GoodWood, an award-winning design and fabrication firm specializing in commercial design + build, architectural millwork and fabrication, and custom furniture. An Adjunct Lecturer at Tulane University School of Architecture. 2013 Tulane University graduate.

Dr. James Guenther
CSO

Dr. Jim is a published research scientist with over 20 years of laboratory experience in plant biology, calcium signaling, and defense responses. He also served as the director for a National Science Foundation program in workforce development to train biotechnology technicians.

Use of Proceeds


If the offering's maximum amount of $1,070,000 is raised:

UseValue% of Proceeds
Compensation for Scientists & Data & Operations$270,00025.2%
Technical Research and Development$312,57029.2%
RS Devices$335,00031.3%
Travel to Farms/Growers$22,0002.1%
Professional Services$56,5005.3%
Rent$21,5002.0%
Intermediary fees$52,4304.9%

Terms

This is an offering of Class C, under registration exemption 4(a)(6), in Mariposa Technology, Inc./LA. This offering must raise at least $10,000 by December 17, 2021 at 10:58pm ET. If this offering doesn’t reach its target, then your money will be refunded. Mariposa Technology may issue additional securities to raise up to $1,070,000, the offering’s maximum.

$10,000 minimum
$139,756 raised

If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:

10,140,000 shares
×
$0.50 per share
$5,070,000implied valuation

Financials

These financial statements have been reviewed by an independent Certified Public Accountant.

SEC Filings

The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.

We’re also required to share links to each of the SEC filings related to this offering with investors.

Understand the Risks

Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.

Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

More Info

Updates

  • Nov 23, 2021
    Team Mariposa Technology wishes each of you a...

    Team Mariposa Technology wishes each of you a Safe and Happy Thanksgiving Holiday! To our new investors, we welcome you to the family and look forward to sharing many future joyous occasions with you!

    While on your social media accounts please consider liking and following us. You can also connect with us on LinkedIn, search Mariposa Technology.

    Like on FB
  • Nov 20, 2021
    Thank You! Thank You! Thank You! We've...

    Thank You! Thank You! Thank You! We’ve reached great milestones this past week, our total raised amount surpassed $135K. Mariposa Technology has a lot of exciting work underway and we welcome our growing list of investors to the Mariposa Family!

    INVEST NOW
  • Nov 17, 2021
    We've extended our offering by 30 days! We...

    We’ve extended our offering by 30 days! We thank our current investors for their belief in and enthusiasm for Mariposa Technology. We look forward to what the next 30 days may bring.

  • Nov 16, 2021
    Are you in? Don't miss out on the opportunity...

    Are you in? Don’t miss out on the opportunity to invest in Mariposa Technology at the current valuation!

  • Nov 3, 2021
    News of a great initial hemp crop report from...

    News of a great initial hemp crop report from South Dakota, one of the last states to legalize hemp, is exciting for everyone involved in hemp. The farmers who planted smaller fields as a first-time experiment report that they expect to plant roughly 10X as many acres next year! A big win for the industry at large.

    Read or Listen Here
  • Oct 23, 2021
    After sparking interest among school scientists...

    After sparking interest among school scientists and faculty at last week’s Louisiana State University Hemp Field Day, Mariposa Technology was invited to present our technology, with a follow-up Q+A, to the Louisiana State University AgCenter’s Industrial Hemp Working Group yesterday afternoon. Our Chief Science Officer, Dr. James Guenther, succesfully presented our vision to over a dozen members of the LSU IHWG, and further discussions around collaboration are expected to take place soon. LSU’s AgCenter is the primary hemp and cannabis research institution in the state of Louisiana.

    View here
  • Oct 15, 2021
    Mariposa Technology would like to announce a...

    Mariposa Technology would like to announce a new partner in our quest to build the best digital farming tool in the cannabis industry. Mariposa Technology entered into a formal agreement to further it’s R&D with Colorado Sustainability Consultants and its owner Conor Filter. Conor is a partner in a number of cannabis/hemp facilities in Colorado and Florida. Through the agreement Mariposa Technology will provide its scanning services to help CSC maximize the future profits of its crops. The first set of scans were successfully completed at two facilities in the metro Denver area. Conor stated, “This exciting new tool being developed by Mariposa Technology will have a significant positive impact on our profits by quickly providing important molecular information about our crops so we have the best data to make decisions.” Welcome to the team Conor!

  • Oct 4, 2021
    Mariposa Technology is excited to announce our...

    Mariposa Technology is excited to announce our approval for the Louisiana Economic Development Angel Tax Credit Program! Under this program all accredited investors are eligible to apply for a 35% tax credit based on their investment in an eligible entity like Mariposa. These tax credits are resalable so while only good in Louisiana, anyone can sell the credits to interested parties with Louisiana tax liabilities. This means a $10,000 investment is eligible for a Louisiana tax credit of $3500 which can be resold. At the conclusion of this Netcapital offering we will assist our accredited investors in submitting the necessary paperwork to receive these credits. Please don’t hesitate to ask any questions, we’re here to help with this exciting news!

    Approval Letter
  • Sep 30, 2021
    Great news! We'd like to announce Brett Long...

    Great news! We’d like to announce Brett Long has joined Mariposa Technology as an Advisor. Brett has been on the founding team of multiple technology startups and has advised several other firms in the energy, healthcare, education, and food-services sectors. In this capacity, he has served as a leader in sales, finance and operations, bringing a diverse set of insights to his partners. Brett brings a great finance background to the team and will provide important advice while the company navigates many decisions this year.
    As a CPA, he has worked with hospitals, family offices, universities, school boards, restaurants, and various real estate development projects. He has closed business deals with multiple Fortune-500 companies and served on non-profit boards working in education and coastal restoration. A graduate of Tulane University and Harvard University, Brett resides in his native New Orleans. Welcome Aboard Brett, we’re excited to have you join the team!

    Brett Long
  • Sep 24, 2021
    We're excited to be listed on Kingscrowd's New...

    We’re excited to be listed on Kingscrowd’s New Deals of the Week! Kingscrowd is the largest and most comprehensive Reg CF website in the country. Thanks for making your readers aware of our new offering! Here’s the write up…

    Mariposa Technology

    Mariposa Technology, with a valuation of $4 million, is raising funds on Netcapital. The company has developed its handheld Raman spectrometer that provides hemp farmers with analytical information about their crops. Once the data about a specific variety of hemp is logged into the spectrometer, it can be used to optimize the hemp harvests. Mariposa Technology has also developed a testing protocol through an exclusive agreement with AgriLife Research and the Kurouski Laboratory of Texas A&M University. John Roberts and Mickal Adler founded Mariposa Technology in May 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for technical research and development, RS devices, professional services, rent, and compensation.

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