Chow420

Chow420

Early Stage

The go-to place for all CBD brands

The go-to place for all CBD brands

Overview

Raised to Date: Raised: $1,069,941

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/10/2019

Close Date

08/28/2020

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$315

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.63

Pre-Money Valuation

$5,040,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,323

# of Investors

3,179

Momentum
Funded
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Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Newark, Delaware

Business Type

Growth

Chow420, the one-stop-shop for cannabis products, is raising funds on StartEngine. The company has a pre-money valuation of $5.04 million and provides automated dispensaries and 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 $107,000, and the proceeds will be used to set up new Chow Pods. Chow420 currently has one Chow Pod in New York City and is developing the Chow Online Marketplace. The company reported 1,200 transactions through the Chow Pod in a short period of time, with over 800 unique customers.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$3,877

$0

COGS

$1,025

$0

Tax

$0

$0

 

 

Net Income

$-14,027

$-20,867

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$2,685

$1,260

Accounts Receivable

$8,001

$0

Total Assets

$2,765

$9,341

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 10/10/2019
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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 $28,549 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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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Chow420 on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,040,000
Price per Share: $0.63

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