Chow420

Early Stage

The go-to place for all CBD brands

Overview

Raised to Date: Raised: $77,057

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/01/2023

Close Date

04/30/2023

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

03/23/2023

Days Remaining

38

% of Min. Goal

771%

% of Max. Goal

31%

Likelihood of Max
possible
Avg. Daily Raise

$3,503

# of Investors

59

Momentum
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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

Most Recent Year Prior Year

Revenue

$13,710

$5,028

COGS

$220

$164

Tax

$0

$0

 

 

Net Income

$-156,687

$-185,455

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$818,972

$634,030

Accounts Receivable

$0

$0

Total Assets

$907,182

$658,603

Short-Term Debt

$0

$30,000

Long-Term Debt

$0

$0

Total Liabilities

$0

$30,000

Financials as of: 03/01/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Chow420 04/30/2023 StartEngine $18,982,666 $77,057 Equity - Common Active 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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Chow420 on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $18,982,666

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