CannCo Brands
About this raise
Geopulse Explorations (d.b.a. CannCo Brands & Development), is here to address the rapid growth in the cannabis industry. With cannabis now medically available in 29 states and legalized for recreational use in nine, it’s poised to be a $31.4B industry. In response, CannCo is creating a blockchain-powered ecosystem with their native token called the CannCoin, to help these businesses by providing transparent supply chain management, business banking and merchant processing, trade finance, and direct consumer-engagement solutions. CannCo Brands was established in 2017 and has since acquired, or agreed to acquire, Growth Circle, Stoner Days, and THC Finder. All three companies are currently revenue generating and profitable.
Investment Overview
Invested : $726,634
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 04/20/2018
- Close Date
- 04/19/2019
$10,000
$1,070,000
$420
Equity - Common
Early Stage
RegCF
$0.10
$6,940,000
Company & Team
Company
- Year Founded
- 2004
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B
- Margin
- Capital Intensity
- Location
- Los Angeles, California
- Company Website
-
Visit Website
Team
- Employees
- 2
Financials
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/19/2019 | StartEngine | $6,940,000 | $726,634 | Equity - Common | Funded | RegCF |