Cannecht
Early Stage
Powerful Service Matching Technology for Licensed Cannabis Businesses
Overview
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
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
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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