Cann-Ade, with a valuation of $30.08 million, is raising funds on StartEngine. It is the first and only USDA-certified company that makes organic cannabis-infused beverages. Each bottle of Cann-Ade 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 Amazon and over 600 retailers across the US, including 7-Eleven, ShopRite, and Dunkin Donuts. 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 for opening up new markets and points of distribution, fulfilling new purchase orders, and social media marketing support.
Investment Overview
Raised: $3,956
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 11/14/2024
- Close Date
- 02/12/2025
$14,998
$617,998
$249
Equity - Common
Seed
RegCF
$2.15
$30,081,650
Company & Team
Company
- Year Founded
- 2019
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +39% YoY
- $282,104
- Monthly Burn
- $6,001
-
Runway
- 7.2 months
- Gross Margin
- 64%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $595,642
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.