Act Labs Revenue and Competitors

Lansing, MI USA

Location

N/A

Total Funding

Biotech

Industry

Estimated Revenue & Valuation

  • Act Labs's estimated annual revenue is currently $13.5M per year.(i)
  • Act Labs's estimated revenue per employee is $155,000

Employee Data

  • Act Labs has 87 Employees.(i)
  • Act Labs grew their employee count by 32% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$2M1318%N/AN/A
#2
$2.6M34-56%$31.2MN/A
#3
$1.4M9-31%N/AN/A
#4
$1.9M24100%N/AN/A
#5
$6.8M440%N/AN/A
#6
$6M3915%N/AN/A
#7
$1.9M129%N/AN/A
#8
$1.4M90%N/AN/A
#9
$12.1M7828%N/AN/A
#10
$4.3M280%N/AN/A
Add Company

Cannabis is our livelihood. Our business is made up of cannabis enthusiasts that happen to be chemists, microbiologists, researchers, and senior leaders with extensive knowledge of the pharmaceutical industry. One thing we all have in common is our passion and genuine interest in the benefits of cannabis and ensuring product safety for patients and consumers. As former patients, we recognized a need for providing a safe and effective product to patients in need of medicine and proper dosing. We put our expertise to work with every sample we test to ensure purity. As a business, it is our mission to protect and educate medical cannabis patients by delivering the most reliable test results in the cannabis industry, and through valuable relationships fostered with our clients and communities. We have been operating in the cannabis space since 2010, and our first state-licensed laboratory opened in Morton, Illinois in 2015. Since then, we have expanded and grown into a multi-state operation with laboratories operating independently across the Midwest. Our labs are in full compliance with state law and we work closely with regulators as we elevate cannabis testing standards nation-wide. Each location is accredited to the international standard ISO 17025:2017. For the purposes of cannabis testing, this ensures our methods are fully validated and independently reviewed. ACT Laboratories is here for you as your trusted partner to guide you through your state's cannabis testing requirements. Whether you are a new cultivation or processing facility or are an established facility we are with you every step of the way. We are more than just scientists; our staff has a deep knowledge of cultivation with ten years of growing experience. We recognize the challenges growers and processors can face, and we know how to respond when the unexpected happens. Our skills in identifying root causes can potentially save you countless hours of trial and error as you seek to improve.

keywords:N/A

N/A

Total Funding

87

Number of Employees

$13.5M

Revenue (est)

32%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Act Labs News

2022-04-20 - BLEND LABS, INC. : Costs Associated with Exit or Disposal Activities, Regulation FD Disclosure (form 8-K)

BLEND LABS, INC. ... within the meaning of Section 27A of the Securities Act of 1933, as amended (the ... amended (the "Exchange Act").

2022-04-20 - Texas Institute for Electronics Would Help Restore US ...

The CHIPS for America Act, legislation co-sponsored by Cornyn and signed ... UT centers and labs that contribute to semiconductor advances,...

2022-04-19 - How EKRA and AKS Impact Laboratories and Commission ...

... Recovery Act (“EKRA”) in 2018, the permissibility of commission-based compensation to laboratory sales representatives based on volume,...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$10.4M871%N/A
#2
$14.1M88-13%N/A
#3
$20M8811%N/A
#4
$7.5M91-2%N/A
#5
$7.5M9115%N/A