Item 9 Labs
About this raise
Item 9 Labs is raising funds on Dalmore Group through Reg A+ crowdfunding. The company makes and sells cannabis-derived products in licensed medical and adult-use dispensaries. The business also sells cannabis dispensary franchises under its franchise brand, Unity Rd. Item 9 Labs has won cannabis licenses in 17 states, over 45 cannabis and franchise industry awards, and more than 300 franchise awards in 15 countries. Andrew Bowden founded Item 9 Labs in 2010. The current crowdfunding campaign has no minimum target and a maximum target of $42,000,000. The campaign proceeds will be used for the acquisition of retail dispensary businesses, cultivation and production businesses, working capital, and general corporate purposes.
Investment Overview
Invested $18,974 :
Deal Terms
Company & Team
Company
- Year Founded
- 2010
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +170% YoY
- $21,937,227
- Monthly Burn
- $908,814
-
Runway
- 1.6 months
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $12,100,000
- VC Backed?
- No
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
03/10/2023 | Dalmore Group | $133,057,658 | $18,974 | Equity - Common | Funded | RegA+ |