Cannabiscope

Early Stage

A cannabis-focused SaaS platform to provide e-commerce solutions

Overview

Raised to Date: Raised: $19,203

Total Commitments ($USD)

Platform

Microventures

Start Date

04/19/2021

Close Date

10/11/2021

Min. Goal

$50,000

Max. Goal

$396,072

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

Funding Type

RegCF

Valuation Cap

$4,000,000

Discount Rate

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

10/11/2021

Days Remaining
Not Funded
% of Min. Goal

38%

% of Max. Goal

5%

Likelihood of Max
Not Funded
Avg. Daily Raise

$110

# of Investors

91

Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Location

Henderson, Nevada

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Cannabiscope, a cannabis-focused SaaS platform, is raising funds on MicroVentures. The company has a valuation cap of $4 million and works as the link between cannabis retailers and consumers. The Cannabiscope platform makes it easier for the CBD/THC retailers to showcase their products and for the consumers to learn more about the products before purchasing. David Schacter and Paul Shockley founded Cannabiscope in 2018 and have raised $138,000 in previous rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $396,072, and the proceeds will be used for R&D, marketing, and general working capital. Cannabiscope already has over 257 active businesses and has conducted two successful pilot tests.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$75

$3,125

COGS

$974

$0

Tax

$0

$0

 

 

Net Income

$-115,602

$-27,493

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$18,802

$137,923

Accounts Receivable

$0

$0

Total Assets

$61,647

$157,923

Short-Term Debt

$10,900

$36,575

Long-Term Debt

$138,928

$138,928

Total Liabilities

$149,828

$175,503

Financials as of: 04/19/2021
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cannabiscope 10/11/2021 Microventures $4,000,000 $19,203 Convertible Note Not Funded RegCF
Cannabiscope 12/09/2019 Microventures $2,500,000 $134,420 Convertible Note Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$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 Pro

$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
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Cannabiscope on MicroVentures
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,000,000
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

Follow company

Follow Cannabiscope on MicroVentures
View on Microventures (Closed)