Little Dragon Dabs

Early Stage

Delivery-only dispensary

Overview

Raised to Date: Raised: $4,281

Total Commitments ($USD)

Platform

TruCrowd

Start Date

04/19/2023

Close Date

09/30/2023

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

06/10/2023

Days Remaining

112

% of Min. Goal

43%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$82

# of Investors

3

Momentum
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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

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.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-11,333

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$44,741

$0

Accounts Receivable

$0

$0

Total Assets

$44,741

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 04/19/2023
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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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