Chow420
Early Stage
The go-to place for all CBD brands
Overview
Raised: $741,391
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/22/2021
Close Date
04/25/2022
Min. Goal
$10,000
Max. Goal
$3,930,147
Min. Investment
$189
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.60
Pre-Money Valuation
$17,117,459
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,415
# of Investors
1,155
Momentum
Funded
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Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Chow420, with a pre-money valuation of $17.1 million, is raising funds on StartEngine. The company is a one-stop shop for cannabis products and provides automated dispensaries and an online marketplace for cannabis-related products. Using Chow420, customers can shop, learn, and review the CBD products they like 24 hours a day. Chow420 was founded by Zach and David Obasiolu in 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $3,930,147.20, and the proceeds will be used for growth and expansion. Chow420 has the first-mover advantage and a strategic market position. It has zero-contact automated dispensaries and has multi-store deals with SIMON malls and PREIT malls in four states.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$5,028 |
$16,443 |
|
COGS |
$164 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-185,455 |
$-215 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$634,030 |
$400 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$656,962 |
$2,550 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$30,000 |
$30,000 |
|
Total Liabilities |
$30,000 |
$30,000 |
Financials as of: 06/22/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Chow420 | 06/05/2023 | StartEngine | $18,982,666 | $124,501 | Equity - Common | Funded | RegCF |
| Chow420 | 04/25/2022 | StartEngine | $17,117,459 | $741,391 | Equity - Common | Funded | RegCF |
| Chow420 | 08/28/2020 | StartEngine | $5,040,000 | $1,069,941 | Equity - Common | Funded | RegCF |
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