Chow420 (2020)

About this raise

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.

Investment Overview

Invested this round: $1,069,941

Deal Terms
Company & Team

Total Commitments

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

Company

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
Company Website: Visit Website

Team

Employees: 2

Founder Name: David Obasiolu
Title: CEO

Founder Name: Zachary Obasiolu
Title: Co-Founder

Financials

Revenue: $0
Monthly Burn: $1,169
Runway: 2.3 months
Gross Margin: 74%

View Detailed Financials

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

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Ratings

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

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Revenue
Valuation
Price per Share
Employees

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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View on StartEngine

Common Stock, $5M • Closed

21 Following

Add to Portfolio

50 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Chow420 (2020)

Chow420 (2020)

About this raise