Little Dragon Dabs

Little Dragon Dabs

Little Dragon Dabs, with a valuation of $6 million, is raising funds on TruCrowd. The company has developed a delivery-only dispensary for a dependable and convenient cannabis delivery experience. The platform is based on a proprietary API that offers seamless browsing, clean aesthetics, and an intuitive UI and works on a powerful machine learning algorithm to make accurate recommendations. Little Dragon Dabs will operate in states where cannabis is legal and will sell its products through strategic partnerships with licensed delivery services. Ross Franklin founded Little Dragon Dabs in December 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, future wages, and general working capital.

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Investment Overview

Raised this Round: Raised: $6,035

Deal Terms

Total Commitments ($USD)

Platform
truCrowd
Start Date
04/19/2023
Close Date
03/19/2025
Min. Goal
$10,004
Max. Goal
$1,234,995
Min. Investment

$142

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.10

Pre-Money Valuation

$6,000,000

Company & Team

Company

Year Founded
2022
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
IRVING, Texas
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
Yes
Founder Name
Rachel Figueras
Founder Name
Ross Franklin
Title
Founder

Financials

as of Fiscal Year 2023
 Revenue
$0
 Monthly Burn
$3,561
 Runway
1.3 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-42,732

$-11,333

Summary Balance Sheet

FY 2023 FY 2022

Cash

$4,509

$44,741

Accounts Receivable

$0

$0

Total Assets

$4,509

$44,741

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/19/2025 truCrowd $6,000,000 $6,035 Equity - Common Active RegCF
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Add to portfolio
Little Dragon Dabs on TruCrowd 2023
Platform: truCrowd
Security Type: Equity - Common
Valuation: $6,000,000
Price per Share: $7.10

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Follow Little Dragon Dabs on TruCrowd 2023

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