About this raise

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.

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Investment Overview

Invested this round: $741,391

Deal Terms

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    Open SEC Filing

Price Per Share

$1.60

Pre-Money Valuation

$17,117,459

Company & Team

Company

Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Newark, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
David Obasiolu
Title
CEO
Founder Name
Zachary Obasiolu
Title
Co-Founder

Financials

 Revenue
$5,028
 Monthly Burn
$15,455
 Runway
24+ months
Gross Margin
97%

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/14/2024 StartEngine $13,321,278 $138,737 Equity - Common Funded RegCF
06/05/2023 StartEngine $18,982,666 $124,501 Equity - Common Funded RegCF
04/25/2022 StartEngine $17,117,459 $741,391 Equity - Common Funded RegCF
08/28/2020 StartEngine $5,040,000 $1,069,941 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Chow420 on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,117,459
Price per Share: $1.60

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Warning: according to the close date for this deal, Chow420 may no longer be accepting investments.

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