Cann-Ade

Early Stage

USDA Certified Organic Cannabis-Infused Beverages for Elevated Mind-Body Wellness

Overview

Raised to Date: Raised: $240,804

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/24/2022

Close Date

03/23/2023

Min. Goal

$15,000

Max. Goal

$1,235,000

Min. Investment

$249

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$1.50

Pre-Money Valuation

$18,967,043

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

49

% of Min. Goal

1,605%

% of Max. Goal

20%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,440

# of Investors

119

Momentum
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Location

Fort Lauderdale, Florida

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Cann-Ade, with a valuation of $18.97 million, is raising funds on StartEngine. It is the first and only USDA-certified company that makes organic cannabis-infused beverages. Each bottle of the beverage contains 20 mg of organically-grown and naturally adaptogenic broad-spectrum cannabidiol, which is a perfect alcohol alternative and a powerful anti-inflammatory. Cann-Ade is sold through 600 retailers across the US, including 7-Eleven, C-Town Supermarkets, Dunkin Donuts, Key Food Supermarkets, and Food Emporium Supermarkets. Benjamin Daniel Mogul founded Cann-Ade in November 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.23 million. The campaign proceeds will be used to expand the market share and national presence and expand research and development.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$6,610

$0

COGS

$3,288

$0

Tax

$0

$0

 

 

Net Income

$-64,938

$-1,922

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$36,433

$2,502

Accounts Receivable

$240

$0

Total Assets

$88,286

$2,502

Short-Term Debt

$5,247

$4,424

Long-Term Debt

$0

$0

Total Liabilities

$5,247

$4,424

Financials as of: 11/24/2022
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Cann-Ade on StartEngine 2022
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,967,043

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