Little Dragon Dabs
Early Stage
Delivery-only dispensary
Overview
Raised: $6,745
Total Commitments ($USD)
Platform
truCrowd
Start Date
04/18/2023
Close Date
07/15/2024
Min. Goal
$10,004
Max. Goal
$1,234,995
Min. Investment
$142
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$7.10
Pre-Money Valuation
$6,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/18/2024
Days Remaining
88
% of Min. Goal
67%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$18
# of Investors
33
Momentum
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Year Founded
2022
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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 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 |
Financials as of: 04/18/2023
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