Market Overview

LabVantage Cannabis Purpose-Built Informatics Solution Previews at 2018 Cannabis Science Conference

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—Pre-Configured Informatics Package Provides LIMS Solution
Specifically Designed for Cannabis Industry Needs with Flexibility to
Respond to Changing Requirements in Rapidly Evolving, Diverse
Marketplace—

—LabVantage's Purpose-Built Solution Bundles Its Leading LIMS
Software with Unique Features Tailored to Industry-Specific Needs,
Allowing Accelerated Implementation, Major Cost Savings, and Reduced
Risk—

LabVantage Solutions, the leading provider of laboratory informatics
solutions and services providing purpose-built LIMS solutions that allow
labs to go live faster and at a lower total cost, today previewed its
latest industry accelerator, LabVantage Cannabis, at the 2018
Cannabis Science Conference
, being held August 27-29, 2018 in
Portland, OR. LabVantage Cannabis is a turnkey laboratory information
management system (LIMS) that is designed specifically for cannabis
testing and certification. LabVantage Cannabis delivers needed
functionality today, yet is easily configurable to stay current as
regulatory, legal, and commercial requirements evolve.

The U.S. cannabis industry is growing rapidly, with medical marijuana
programs operational in 29 states and nine states allowing access to
legalized recreational cannabis. Both medical and recreational cannabis
must be tested in certified laboratory settings to ensure that it meets
high standards of quality and purity; however, states have different and
changing requirements governing this testing. Globally, the legal
recreational and medicinal cannabis market is also growing, and the
regulatory landscape is similarly diverse.

"Our pioneering purpose-built
LIMS solutions
are specifically tailored for industries where
laboratory-certified quality and consistency are essential. We are proud
to introduce LabVantage Cannabis to meet the needs of this rapidly
growing sector, where our track record of optimized functionality,
implementation speed and cost effectiveness, and system flexibility are
especially needed," says Ram Velidi, President at LabVantage Solutions.
"A pre-configured LIMS deploys up to 75% faster than a conventional
system and its purposeful functionality reinforces a consistent,
industry-standard workflow to achieve greater efficiency and
productivity. LabVantage Cannabis is well-equipped to help cannabis
providers manage the rapidly evolving industry environment, providing
cost-effective solutions for today with the flexibility to easily
incorporate changes over time."

LabVantage Cannabis is a turnkey web-based, full-featured informatics
platform designed to support end-to-end laboratory workflows. Its
prepackaged, fully embedded modular capabilities greatly reduce
implementation time, effort, cost, and risk. The modular design also
invites further configuration and adaptation without the time, cost, and
compliance issues of specialized coding. Users can adapt the platform
themselves or rely on LabVantage's professional services team as
operations expand or regulatory needs evolve. LabVantage Cannabis is
hosted on-premise or in the cloud, giving networked users access to the
same information from one secure, easy-to-use system. LabVantage's
global professional services team offers top-rated support services for
deployment, training, validation, monitoring, and enhancements.

Key LabVantage Cannabis Highlights:

  • Available through perpetual licensing or SaaS
  • One platform for all tests, instruments, sample information, and
    results data, with option to embed ELN, LES, and other modules
  • Registers sample requests, including a portal for remote requests from
    growers and distributors
  • Fully audited sample lifecycle and audit trail
  • Certificates of Analysis customized for local regulatory requirements
  • Includes American Herbal Pharmacopoeia® tests for Cannabis
    Inforescense

LabVantage Cannabis currently supports ISO/IEC 17025 compliance,
ISO 9001:2015, 21 CFR Part 11 and Annex 11, and GLP.

To learn more about LabVantage Cannabis, visit Booth #153 at the 2018
Cannabis Science Conference, or labvantage.com/cannabispr

About LabVantage Solutions

LabVantage is the recognized leader of enterprise laboratory software
solutions with over 35 years of experience. We deliver an integrated
laboratory informatics platform including laboratory information
management systems (LIMS), electronic laboratory notebooks (ELN), and
laboratory execution systems (LES). We support more than 1500 customer
sites in the life science, pharmaceutical, medical device, biobank, food
& beverage, consumer packaged goods, oil & gas, genetics/diagnostics,
and healthcare industries. Headquartered in Somerset, N.J., LabVantage
offers a comprehensive portfolio of products and services that enable
companies to innovate faster in the R&D cycle, improve manufactured
product quality, achieve accurate record-keeping, and comply with
regulatory requirements. The LabVantage integrated LIMS/ELN/LES platform
is highly configurable, purpose-built, and 100% web browser-based to
support hundreds of concurrent users and seamlessly interface with
instruments and other enterprise systems. For more information, visit www.labvantage.com.

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