Cannabox
Redefining the online shopping experience for cannabis accessories
Analytics
Raised: $63,298
Aggregate Commitments $
Platform
StartEngine
Start Date
09/09/2021
Close Date
12/31/2021
Min. Goal
$9,999
Max. Goal
$308,000
Min. Investment
$107
Security Type
Equity - Common
Funding Type
RegCF
Series
Pre-Seed
Price Per Share
$1.14
Pre-Money Valuation
$11,992,800
Rolling Commitments $
Status
Funded
Reporting Date
01/02/2022
Days Remaining
Funded
% of Min. Goal
633%
% of Max. Goal
21%
Likelihood of Max
Funded
Avg. Daily Raise
$560
Momentum
Funded
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Location
Phoenix, Arizona
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
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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