Cannabox

Cannabox

Growth Stage

Redefining the online shopping experience for cannabis accessories

Redefining the online shopping experience for cannabis accessories

Overview

Raised to Date: Raised: $63,298

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/08/2021

Close Date

12/31/2021

Min. Goal
$9,999
Max. Goal
$308,000
Min. Investment

$107

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.14

Pre-Money Valuation

$11,992,800

Rolling Commitments ($USD)

Status
Funded
Reporting Date

01/01/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$560

# of Investors

203

Momentum
Funded
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Year Founded

2013

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Phoenix, Arizona

Business Type

Growth

Company Website

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: 09/08/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Cannabox 12/30/2021 StartEngine $11,992,800 $63,298 Equity - Common Funded RegCF
Cannabox 04/29/2021 Republic $8,500,000 $230,297 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Cannabox on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $11,992,800
Price per Share: $1.14

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