CanEx

Growth Stage
The cannabis delivery app for Southern California and beyond
Overview
Raised: $5,950
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
23
% of Min. Goal
24%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$165
# of Investors
16
Momentum
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Year Founded
2019
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Retailtech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
CanEx, with a valuation of $25 million, is raising funds on Republic. The company has developed a cannabis delivery app for Southern California and beyond. The app provides fast and easy delivery of premium quality cannabis products in about an hour, along with hassle-free returns and exchanges. CanEx generated $10 million in revenue in 2022 and is serving 175,000 clients with a repeat rate of 49%. Jim Damask and Shannon Bitzer founded CanEx in August 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, hiring, operating expenses, and vehicle fleet.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$13,042,719 |
$2,650,430 |
COGS |
$6,716,403 |
$1,281,724 |
Tax |
$196,582 |
$0 |
| ||
| ||
Net Income |
$-454,871 |
$524,615 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$262,411 |
$542,238 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$1,072,508 |
$1,517,991 |
Short-Term Debt |
$742,513 |
$764,969 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$742,513 |
$764,969 |
Financials as of: 02/15/2023
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