MJ Hybrid Solutions

MJ Hybrid Solutions

Closed: Feb. 2018

About this raise

When a product is hot and new, retail education needs to keep up. However, that can be a challenge to do...especially when it comes to cannabis.

Now, MJ Hybrid Solutions is here to help! MJ Hybrid Solutions is an online sales training and cannabis education platform that aims to legitimize the cannabis industry through proper dispensary staff education and training. They want to educate cannabis retailers to help increase their profits, build customer loyalty, and effectively train their employees. Their platform includes tools designed for both managers and employees, and they provide ongoing, continuous support. Having this will increase legitimacy, liability, and customer loyalty -- all of which will then ultimately increase sales.

After all, there are millions of people who use dispensaries who don’t actually know exactly what they want -- and budtenders often aren’t as educated as they could (or should) be. To be specific, only about 50% of budtenders receive some type of formal training, only 20% have any medical background on the health effects of marijuana, and only 13% have had any education on the science of medical cannabis. Yikes!

MJ Hybrid is truly providing the solution. In their first 60 days of launching, they onboarded 15 dispensaries and over 200 users, with some experiencing an average of 10-15% lift in sales due to an increase in average purchase, as well as a lift in employee engagement and retention. And with North America’s cannabis market currently at $6.7 billion, with an annual growth rate of 27%, there’s clearly a demand for this service. Retail jobs make up 30% of the cannabis job market, and 250,000 new cannabis jobs are expected by 2020 as more states legalize cannabis. Just think about it -- Colorado alone has more dispensaries than Starbucks or McDonalds.

The bottom line is that for the future of cannabis to continue blazing profitably, there needs to be proper education and training. MJ Hybrid Solutions provides that. They’re paving the way for the future of cannabis…one marijuana employee and dispensary at a time.

“Who Should Be Interested in this Offer:”
Are you someone who wants the growing legal cannabis industry to keep thriving? Do you own a dispensary, work at one, or buy products from one? If you want cannabis to keep blazing a profitable path (pun intended), then investing in MJ Hybrid Solutions might be just what you need. Their education and training platform provides necessary and needed support for cannabis retailers...and it could be just the investment you’ve been waiting for.

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Investment Overview

Invested this round: $123,600

Deal Terms

Total Commitments

Platform
SeedInvest
Start Date
11/10/2017
Close Date
02/02/2018
Min. Goal
$100,000
Max Goal
$500,000
Min. Investment

$500

Security Type

Debt

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Company & Team

Company

Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Location
San Diego, California
Company Website
Visit Website

Team

Employees
1

Financials

Financials are not currently available for this company. This may occur if the company is still Testing the Waters, is a Regulation D offering, or if the financials are still under review and being confirmed by our team. For Reg CF and Reg A+ raises, please check back later.

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/02/2018 SeedInvest - $123,600 Debt Funded RegCF / RegD 506(c)
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MJ Hybrid Solutions on SeedInvest
Platform: SeedInvest
Security Type: Debt

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