Cann-Ade
Early Stage
USDA Certified Organic Cannabis-Infused Beverages for Elevated Mind-Body Wellness
Overview
Raised: $416,160
Total Commitments ($USD)
Platform
StartEngine
Start Date
11/23/2022
Close Date
10/30/2023
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.50
Pre-Money Valuation
$18,967,043
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/04/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,224
# of Investors
238
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$171,918 |
$6,610 |
|
COGS |
$39,048 |
$3,288 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-106,795 |
$-64,938 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$108,959 |
$36,433 |
|
Accounts Receivable |
$0 |
$240 |
|
Total Assets |
$168,230 |
$88,286 |
|
Short-Term Debt |
$21,946 |
$5,247 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$21,946 |
$5,247 |
Financials as of: 11/23/2022
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.