Cannecht

Cannecht

Early Stage

Powerful Service Matching Technology for Licensed Cannabis Businesses

Powerful Service Matching Technology for Licensed Cannabis Businesses

Overview

Raised this Round: Raised: $9,811

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/10/2023

Close Date

03/14/2023

Min. Goal
$10,000
Max. Goal
$1,235,000
Min. Investment

$151

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.67

Pre-Money Valuation

$7,976,350

Year Founded

2021

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Bend, Oregon

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

FY 2021 FY 2020

Revenue

$0

$0

COGS

$210

$0

Tax

$0

$0

 

 

Net Income

$-208,624

$0

Summary Balance Sheet

FY 2021 FY 2020

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: 01/10/2023
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Cannecht on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $7,976,350
Price per Share: $0.67

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