Cannabiscope

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $19,203

Deal Terms

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

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Henderson, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
David Schacter
Title
CEO

Financials

 Revenue
$75
 Monthly Burn
$9,634
 Runway
2 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/11/2021 Microventures $4,000,000 $19,203 Convertible Note Not Funded RegCF
12/09/2019 Microventures $2,500,000 $134,420 Convertible Note Funded RegCF
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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.

Employee History

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Cannabiscope on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,000,000

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