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: $59,615

Total Commitments ($USD)

Platform

StartEngine

Start Date

05/16/2024

Close Date

08/14/2024

Min. Goal
$9,999
Max. Goal
$617,999
Min. Investment

$400

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.18

Pre-Money Valuation

$13,321,278

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 $13.32 million, is raising funds on StartEngine. The company has developed a one-stop platform 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. The business has achieved a 2,000% increase in sales since 2021, a 125% increase in online sales from 2022 to 2023, and has access to over 200 locations for its automated dispensary network. David Obasiolu and Michael Obasiolu founded Chow420 in July 2017. The current crowdfunding campaign has a minimum target of $9,999.32 and a maximum target of $617,999.04. The campaign proceeds will be used for marketing, inventory, and operations.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$301,808

$193,588

COGS

$127,787

$33,314

Tax

$0

$0

 

 

Net Income

$-68,964

$-456,757

Summary Balance Sheet

FY 2023 FY 2022

Cash

$58,685

$145,107

Accounts Receivable

$0

$0

Total Assets

$498,737

$467,179

Short-Term Debt

$7,659

$5,191

Long-Term Debt

$0

$0

Total Liabilities

$7,659

$5,191

Financials as of: 05/16/2024
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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 $59,615 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 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $13,321,278
Price per Share: $1.18

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