Diem Cannabis
About this raise
Diem Cannabis is raising funds on MainVest. It is an award-winning cannabis delivery platform that offers search engine optimization, operation flow, and regulatory compliance. The platform has delivered over 75,000 cannabis home delivery orders and has made Diem one of the top home delivery companies in the US. Diem Cannabis has an average monthly revenue of $1.3 million and won the 2020 G.O.A.T. Cup for best-in-class flower. Chris Mitchem founded Diem Cannabis in 2017. The current crowdfunding campaign has a minimum target of $249,000 and a maximum target of $250,000. The campaign proceeds will be used to build a world-class marijuana farm in Massachusetts.
Investment Overview
Not Funded: $600
Deal Terms
Company & Team
Company
- Year Founded
- 2019
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue +110% YoY
- $10,982,096
- Monthly Burn
- Profitable
- Cash on Hand
- $1,393,071
- Gross Margin
- 16%
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Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
12/03/2021 | MainVest | - | $600 | Revenue Share | Not Funded | RegCF |