Cannabox

Early Stage

Redefining the online shopping experience for cannabis accessories

Analytics

Raised to Date: Raised: $230,297

Aggregate Commitments $

Platform

Republic

Start Date

12/16/2020

Close Date

04/30/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$8,500,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/02/2021

Days Remaining
Funded
% of Min. Goal

921%

% of Max. Goal

22%

Likelihood of Max
Funded
Avg. Daily Raise

$1,706

# of Investors

812

Momentum
Funded
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Location

Phoenix, Arizona

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Cannabox, with a valuation cap of $8.5 million, is raising crowdfunding on Republic. The company is changing the online shopping experience of cannabis accessories with its Cannabox. The box delivers cannabis essentials to the users on a monthly basis and makes the usage of cannabis easy and stress-free. Michael Berk founded Cannabox in 2013. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used for marketing, product development, and opening a third fulfillment center. Cannabox has sold over 350,000 boxes to date, with lifetime revenues of over $11.5 million. The company has current monthly revenue of $400,000, with a 65% year-over-year growth.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,396,800

$1,998,567

COGS

$1,994,822

$1,711,652

Tax

$0

$0

 

 

Net Income

$151,140

$22,970

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$240,300

$172,506

Accounts Receivable

$10,000

$10,000

Total Assets

$270,300

$187,506

Short-Term Debt

$17,400

$85,617

Long-Term Debt

$0

$0

Total Liabilities

$17,400

$85,617

Financials as of: 12/16/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cannabox 12/31/2021 StartEngine $11,992,800 $63,298 Equity - Common Funded RegCF
Cannabox 04/30/2021 Republic $8,500,000 $230,297 SAFE Funded RegCF
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Cannabox on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $8,500,000
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