Chris Barber: Setting Standards in Cannabinoid space with Disruption Labs
The 10 Most Innovative Business Leaders to Follow in 2021
Addressing a problem always gives rise to
building an invention that solves the problem as well as creates newer avenues.
Looking at negligible proven efficacy owing to poor solubility, no
shelf-stability, no standardized testing compliance and safety, and poor label
transparency of different CBD oils and oil-based formulations, Chris Barber and
Andrew Garnock decided to come up with a long-term solution with their venture,
Disruption Labs.
Chris Barber states, “We decided the only
way to solve these issues was to somehow leverage pharmaceutical drug
technology to increase the efficacy in cannabinoid products. We decided to
disrupt this emerging industry with a biotech approach.”
With this, he had set his goal for the
company straight. “Our goal is to set industry standards for testing, allowing
us in parallel to create the most efficacious products possible using our
proprietary pharmaceutical technology to ultimately protect the cannabinoid
supply chain.”
Clearing the Hindrances on the Way
Jumping headfirst into an already vast
industry isn’t an easy feat. Barber and his new company faced many bumps in the
road at the start. “One of our largest roadblocks was going back and
reeducating key stakeholders about why the products they’re carrying or seeing
widely marketed aren’t retail viable, let alone efficacious.” Moving on to
further explain that, “manufacturers, brands, and retailers have been blinded
by the CBD boom, but we’re helping them see the long play.” Disruption Labs is
finally putting a definition of compliance on the table, forcing other members
of the industry to take a look at what it will mean for their business down the
road.
Barber believes that a key to building a
successful business is in who you hire. Commenting on another roadblock
Disruption Labs ran into he explains “building a business really depends on the
caliber of the people you hire, and a few years ago, senior pharmaceutical
scientists and senior people in the drug delivery space were not looking at the
CBD industry; so, bringing on leading experts including Brian Sloat Ph.D. as
Chief Science Officer and Mike Sandoval as President, to our team gave us a
competitive advantage.”
Services, Culture and Vision of
Disruption Labs
Striving to commercialize hard-to-absorb
plant-based ingredients, Disruption Labs manufactures their proprietary
delivery technology supported by strong research and development and
sophisticated analytical testing to solve for all the issues that plague the
market today. Notably featuring excellent efficacy and retail viability.
Regarding his vision for the company in
general, Chris Barber is disrupting emerging ingredient markets by developing
and enhancing consumer plant-based wellness products, some worthy of
pharmaceutical pathways. This starts with setting the bar for industry
regulation, “within the CBD space, there’s only one FDA-approved product and
retailers are still hesitant to take ingestibles for good reason, so we’re
becoming the cornerstone of the industry to get compliant, efficient products
to the market faster. Overall, we want to set the bar for our industry in terms
of regulation.”
In an ever-evolving industry, it’s
important to stay ahead of the curve. How does Chris Barber keep his business
ahead of the curve? Hiring people who share the same goals. “We look for
determined and innovative people with an entrepreneurial spirit who can inspire
the collaborative and data-driven culture we’re looking to maintain at
Disruption Labs.” Besides having the best team, Barber says they are “investing
in the right equipment, and committing to forward-thinking in all verticals of
our business” all of which keep Disruption Labs at the top of the industry.
Staying Abreast with the Competitors
Disruption Labs believes in putting science
first. To do that, they continue to invest in the top pharmaceutical
manufacturing equipment to maintain the high standards set forth in the
pharmaceutical industry. And in their laboratory? The most accurate and precise
machinery in the market.
Barber breaks down their “science first”
mantra, saying that he and his team at Disruption Labs are “enabling ourselves
to shift cannabinoid product manufacturing and compliance testing closer and
closer to pharmaceutical quality standards. We’re pushing forward and
positioning ourselves as the leader while the majority of the other businesses
in our space are still looking backward and just trying to make a buck.”
Biggest Achievement in Life
With his career starting in a credit
derivatives hedge fund during the 2008-2009 financial crisis, Barber went
through many ups and downs that helped him understand “how to accurately
characterize the risks of different companies.” After almost 10 years in
trading, in 2014 he applied his global risk management and macro skills in the
private banking world where he maintained strategic deals and private equity in
Asia and the US. He credits his success back to his work in the financial
sector, stating it “taught me how to look at businesses and understand how they
can succeed or fail, especially through uncertain times.”
When asked of his proudest achievements,
Barber feels proud of keeping his company leading and elevating the industry
while others struggle to survive. But overall, he notes building Disruption
Labs as a truly innovative and unique portfolio as his biggest achievement.
“We’re ahead of the curve compared to an entire industry that is going to
realize how far behind they are with regulations in 2021 and might fall flat on
their faces”
Enhancing Life through Work
Being a CEO, Barber has many hats to wear.
He says, “My biggest responsibility is capital allocation inside our portfolio
and managing the risks that come from our forward-facing strategies while
driving all our business units together.” At Disruption Labs, all wins – big or
small – are celebrated. A move that boosts morale within the team, Barber
shares a specific memory from the beginning of the company. “My team and
I opened a bottle of champagne when we finalized where all our lab equipment
would be placed with duct tape on the floor.”
Barber believes in the power of
networking. He feels that the people you work with effectively become
your family. Sharing, “What inspires me is networking and meeting people that
are doing things that could add value to my business which then adds value to
my personal life.”
Future Plans for Disruption Labs
As the importance of plant-based ingredients continues to come to light, Barber believes his team will help others to innovate standards of safety and compliance. “Within the next few years, we want to continue to expand and leverage our delivery platform and IP portfolio so we can create better wellness products for consumers within a multitude of industries. Walking on the regulation path, Barber cites the ultimate goal for Disruption Labs as being able to “take our delivery platform and expand into the food and beverage, nutraceutical, pharmaceutical, and consumer health product industries. Whether it’s a drug product, functional beverage, an athletic recovery drink, or a multivitamin, our goal is to promote health and wellness in an efficacious manner.”