Cannabox

Growth Stage

Redefining the online shopping experience for cannabis accessories

Analytics

Raised to Date: Raised: $42,121

Aggregate Commitments $

Platform

StartEngine

Start Date

09/09/2021

Close Date

03/09/2022

Min. Goal

$9,999

Max. Goal

$308,000

Min. Investment

$107

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$11,992,800

Rolling Commitments $

Status

Active

Reporting Date

09/19/2021

Days Remaining

171

% of Min. Goal

421%

% of Max. Goal

14%

Likelihood of Max
extremely
Avg. Daily Raise

$4,212

Momentum
warm
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Location

Phoenix, Arizona

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Cannabox, with a valuation of $12 million, is raising funds on StartEngine. 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. Cannabox has generated $14.4 million in revenue to date, with a revenue growth of 63.5% from 2019 to 2020. Michael Berk founded Cannabox in 2013. The current crowdfunding campaign has a minimum target of $9,998.94 and a maximum target of $307,999.50. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,920,001

$2,396,801

COGS

$2,434,796

$1,504,706

Tax

$0

$0

 

 

Net Income

$340,008

$55,840

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$672,948

$240,230

Accounts Receivable

$2,359

$0

Total Assets

$675,307

$240,230

Short-Term Debt

$283,071

$135,998

Long-Term Debt

$8,333

$0

Total Liabilities

$291,404

$135,998

Financials as of: 09/09/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cannabox 03/09/2022 StartEngine $11,992,800 $42,121 Equity - Common Active RegCF
Cannabox 04/30/2021 Republic $8,500,000 $230,297 SAFE Funded RegCF
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