Cann-Ade
Early Stage
USDA Certified Organic Cannabis-Infused Beverages for Elevated Mind-Body Wellness
Overview
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
Avg. Daily Raise
$3,440
# of Investors
119
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Location
Fort Lauderdale, Florida
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
| 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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
