Chris Barber: Setting Standards in Cannabinoid space with Disruption Labs
Top 10 Most Influential CEOs to Watch Out in 2021 Vol - I
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.”