Chow420 (2024)
About this raise
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.
Investment Overview
Invested : $138,737
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 05/17/2024
- Close Date
- 08/14/2024
$9,999
$617,999
$400
Equity - Common
Seed
RegCF
$1.18
$13,321,278
Company & Team
Company
- Year Founded
- 2017
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +56% YoY
- $301,808
- Monthly Burn
- $500
-
Runway
- 24+ months
- Gross Margin
- 58%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,907,293
- VC Backed?
- No
| 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.
