Chow420
Early Stage
The go-to place for all CBD brands
Overview
Raised: $1,069,941
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/11/2019
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
Price Per Share
$0.63
Pre-Money Valuation
$5,040,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/31/2020
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
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: 10/11/2019
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Chow420 | 06/05/2023 | StartEngine | $18,982,666 | $124,501 | Equity - Common | Funded | 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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