October 2016 Update
To our fans and supporters,
We’d like to start by thanking you for your patience and constant support – especially recently – as it’s been quite some time since our last update.
Thanks to your contributions, and over $500K in additional investment, we took Loto Labs from a rudimentary concept to a manufacturing prototype. We’ve poured our hearts and souls into the design, and now we can focus our efforts on production.
We are happy to say we’re still on track to begin Indiegogo fulfillment in the first quarter of 2017. As soon as we have an exact date, we’ll confirm the shipping addresses we have on file for you, and begin fulfillment.
We’re pleased to announce that we’ve entered into a partnership with a promising extraction company that will soon become our capsule co-packing partner. We will circulate details of the arrangement in a future update, but for now, this alliance brings us one step closer to reaching the next stage of our company’s development.
Recently, we’ve had to delay our engineering units due to difficulties we encountered while negotiating a commercial agreement. We now expect to have these engineering units complete in the first week of December.
We know many of you are unhappy with the delays, but this product turned into something much bigger – and with much more potential – than we ever imagined.
We have faced our fair share of challenges along the way; we easily could have abandoned and walked away long ago. And yet we are still laser focused, and committed to creating the very best induction vaporizer.
Thanks again to everyone for all your patience and support. We will continue to provide updates as we begin full-scale manufacturing and Indiegogo fulfillment.
In the meantime, be healthy and vape responsibly!
The Loto Labs Team