Chow420
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.
Investment Overview
Invested $741,391 :
Deal Terms
Company & Team
Company
- Year Founded
- 2017
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $5,028
- Monthly Burn
- $15,455
-
Runway
- 24+ months
- Gross Margin
- 97%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
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 |
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.