Cannecht

Early Stage

Powerful Service Matching Technology for Licensed Cannabis Businesses

Overview

Raised to Date: Raised: $14,723

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/11/2023

Close Date

03/14/2023

Min. Goal

$10,000

Max. Goal

$1,235,000

Min. Investment

$151

Security Type

Equity - Common

Series

Seed

Funding Type

RegCF

Price Per Share

$0.67

Pre-Money Valuation

$7,976,350

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

40

% of Min. Goal

147%

% of Max. Goal

1%

Likelihood of Max
unlikely
Avg. Daily Raise

$669

# of Investors

19

Momentum
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Location

Bend, Oregon

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Cannecht, with a valuation of $7.9 million, is raising funds on StartEngine. The company has developed an AI-based platform to match business services to cannabis operations. The powerful matching technology of Cannecht is backed by data-rich analytics and allows users to adapt to new trends in the cannabis industry at lightning speed. The business works well for licensed cannabis businesses, consultants, and service providers. Peter Crawford founded Cannecht in February 2021. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, research and development, operations, employment, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$210

$0

Tax

$0

$0

 

 

Net Income

$-208,624

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,860

$0

Accounts Receivable

$0

$0

Total Assets

$16,762

$0

Short-Term Debt

$2,910

$0

Long-Term Debt

$221,000

$0

Total Liabilities

$223,910

$0

Financials as of: 01/11/2023
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Cannecht on StartEngine 2023
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,976,350

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