Scott Sundvor is President and Co-founder of Space Coyote. A serial entrepreneur and accomplished inventor, Scott is the logistical and financial mastermind behind Space Coyote. He’s a highly driven business leader who developed the systems for product development and inner workings of the company. Scott’s also a true stoner, cultivator, and contest-winning joint roller in both speed and finished product. In less than 18 months, Scott has led Space Coyote to be a top 20 preroll brand in California, carried in over 250 dispensaries. Scott is a Forbes 30 Under 30 awarded MIT graduate and held three patents in the medical device industry before ever considering launching a cannabis company. Before Space Coyote, Scott co-founded Nima, the world’s first portable gluten and peanut sensor, developed for people with food allergies to be able to test their food on the spot. Nima was awarded Time Magazine’s invention of the year and many other accolades. Scott inspires Team Space Coyote daily with his honesty and vulnerability about living with an autoimmune disease, Crohn’s Disease, his quest to find a cure and using cannabis to mitigate symptoms. He encourages employees to take care of themselves first and this passion carries through in Space Coyote’s commitment to fostering a healthy work-life balance.
Title: President and Co-founder
Company: Space Coyote
Years at current company: 2
Education profile: I received a Bachelors in Mechanical Engineering from MIT in 2012, with a Minor in Sustainable Energy, and a Concentration in Psychology.
Most successful professional accomplishment before cannabis: Before working in the cannabis industry, I founded and successfully launched Nima Sensor, where we created the world’s first portable gluten and peanut sensors to test for allergens in food. Our company and product were awarded Time Magazine Best Inventions of the Year in 2015, and I was personally awarded Forbes 30 Under 30 in 2018.
Company Mission: Space Coyote is a cannabis company in a groove all their own. As California’s premier infused joint maker, each Space Coyote combines high potency herb and delicious, out of this world extracts. Crafted for stoners by stoners, Space Coyote celebrates art, equality, and the psychedelic side of cannabis. Collaborations with cultivators, extract brands, and artists are at the core of Space Coyote’s mission. Each joint perfectly pairs full-bud flower with phenomenal concentrates like diamonds, live resin, and hash made by the top extract brands in California. Space Coyote is committed to the betterment of the planet and has an environmental focus on everything they do. Space Coyote can be found in over 320 dispensaries. For more information and to get glazed, blazed, and totally cosmic, visit: www.spacecoyote.org
Company’s most successful achievement: With only $900k in funding, we launched one of the most successful preroll brands in the state of California, and in less than two years on the market, we are now distributed in over 320 shops throughout the state. Our joints are consistently the most delicious, potent, and highest quality on the market, and our brand stands out from the crowd. Our sales have doubled in the past couple months and we expect them to double again shortly. We’ve been highlighted in Forbes, Benzinga, and The Dieline for our work, and this is only the beginning!
Has the company raised any capital: Yes, we raised an angel funding round of approximately $900k in late 2018 / early 2019.
Any plans on raising capital in the future? We’re a profitable company and don’t require additional funding, but we do plan to bring on additional capital in Q4 2020 / Q1 2021 to fuel our marketing and sales budget and speed company growth. We’ve proven our market, and proven that we can grow sustainably, so we now feel confident to bring on additional capital to fuel our growth and dominate our market segment.
Most important company 5-year goal: Within the next 2 years, Space Coyote is going to be the top preroll brand in the state of California. Within the next 5 years, we’re going to be the top preroll brand in the US.