Cann-Ade

Cann-Ade

Early Stage

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

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

Overview

Raised to Date: Raised: $416,160

Total Commitments ($USD)

Platform

StartEngine

Start Date

11/23/2022

Close Date

10/29/2023

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$249

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

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
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Fort Lauderdale, Florida

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

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
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Cann-Ade on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,967,043
Price per Share: $1.50

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Warning: according to the close date for this deal, Cann-Ade may no longer be accepting investments.

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