Chow420

Chow420

Early Stage

The go-to place for all CBD brands

The go-to place for all CBD brands

Overview

Raised this Round: Raised: $124,501

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/28/2023

Close Date

06/05/2023

Min. Goal
$10,000
Max. Goal
$249,997
Min. Investment

$255

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.69

Pre-Money Valuation

$18,982,666

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

Chow420, with a valuation of $18.98 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 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. David Obasiolu and Michael Obasiolu founded Chow420 in July 2017. The current crowdfunding campaign has a minimum target of $9,999.73 and a maximum target of $250,000. The campaign proceeds will be used for marketing, inventory, and operations.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$193,588

$13,710

COGS

$33,314

$850

Tax

$0

$0

 

 

Net Income

$-456,757

$-168,017

Summary Balance Sheet

FY 2022 FY 2021

Cash

$145,107

$818,972

Accounts Receivable

$0

$0

Total Assets

$313,863

$849,171

Short-Term Debt

$5,191

$0

Long-Term Debt

$0

$0

Total Liabilities

$5,191

$0

Financials as of: 02/28/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Chow420 08/13/2024 StartEngine $13,321,278 $95,128 Equity - Common Active RegCF
Chow420 06/04/2023 StartEngine $18,982,666 $124,501 Equity - Common Funded RegCF
Chow420 04/24/2022 StartEngine $17,117,459 $741,391 Equity - Common Funded RegCF
Chow420 08/27/2020 StartEngine $5,040,000 $1,069,941 Equity - Common Funded RegCF
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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 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,982,666
Price per Share: $1.69

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

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