Diem Cannabis

Growth Stage

Legal Cannabis Business

Analytics

Raised to Date: Raised: $600

Aggregate Commitments $

Platform

MainVest

Start Date

09/16/2021

Close Date

12/03/2021

Min. Goal

$249,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Revenue Share Note

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status
Not Funded
Reporting Date

12/03/2021

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$8

Momentum
Not Funded
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

Portland, Oregon

Industry

Healthcare & Pharmaceuticals

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$10,982,096

$3,775,694

COGS

$9,171,749

$2,727,394

Tax

$629,626

$52,046

 

 

Net Income

$331,382

$138,639

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,393,071

$2,004,555

Accounts Receivable

$20,774

$0

Total Assets

$6,138,818

$4,242,023

Short-Term Debt

$2,873,441

$2,028,457

Long-Term Debt

$2,373,623

$1,538,824

Total Liabilities

$5,247,064

$3,567,281

Financials as of: 09/16/2021
Log in or create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Starter

$8.33 /month
billed annually
Free portfolio tracking. Limited reports and filters.
Plan Includes:
Everything in Free, plus
Advanced company search ( limited filters)
Founder profiles and exclusive webinars
2 Analyst Reports per month
Get Starter Annual

Pro

$25 /month
billed annually
Unlimited analyst reports and market analytics.
Plan Includes:
Everything in Starter, plus
Full access to all Analyst Reports
Filter on Analyst Reports (e.g. Top Deal, Deal to Watch, etc.)
Market Analytics
Get Pro Annual

Merlin

$41.67 /month
billed annually
Full site access including Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Get Merlin Annual
Already a member? Log in here.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Diem Cannabis on MainVest 2021
$
Platform: MainVest
Security Type: Revenue Share Note

Follow company

Follow Diem Cannabis on MainVest 2021