Desert Cannalytix

Desert Cannalytix

Closed: Dec. 2021

About this raise: Desert Cannalytix, with a pre-money valuation of $4 million, is raising funds on Fundanna. The company has developed a technologically advanced cannabis testing facility. The testing facility helps to maintain the integrity and high-quality standards related to safety and compliance in the cannabis industry. Malorie La Fuente founded Desert Cannalytix in 2019. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used towards equipment, research and development, sales and marketing, salaries, and general operating expenses. Desert Cannalytix promotes itself through licensed distributors, licensed dispensaries, and licensed edible manufacturers.

Expand

Investment Overview

Invested this round: $16,351

Deal Terms

Total Commitments ($USD)

Platform
Fundanna
Start Date
04/02/2021
Close Date
12/31/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$150

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$4,000,000

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Biotech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
LAS VEGAS, Nevada
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Malorie Fuente
Title
CEO
Founder Name
Bonito Sahagun
Title
CFO

Financials

 Revenue
$0
 Monthly Burn
$2,778
 Runway
3.8 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-33,339

$-39,160

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,562

$22,044

Accounts Receivable

$0

$0

Total Assets

$10,562

$22,044

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
12/31/2021 Fundanna $4,000,000 $16,351 Equity - Preferred Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.
Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Desert Cannalytix on Fundanna
Platform: Fundanna
Security Type: Equity - Preferred
Valuation: $4,000,000
Price per Share: $1.00

Follow company

Follow Desert Cannalytix on Fundanna

Buy Desert Cannalytix's Deal Report

Warning: according to the close date for this deal, Desert Cannalytix may no longer be accepting investments.

Desert Cannalytix Deal Report

Get Kingscrowd's comprehensive report on Desert Cannalytix including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Desert Cannalytix is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Desert Cannalytix deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge