MJ Hybrid Solutions

MJ Hybrid Solutions

Online sales training platform for retailers in the cannabis space.

Online sales training platform for retailers in the cannabis space.

Overview

Raised this Round: Raised: $123,600

Total Commitments ($USD)

Platform

SeedInvest

Start Date

11/09/2017

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

Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Location

San Diego, California

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.
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
MJ Hybrid Solutions on SeedInvest
Platform: SeedInvest
Security Type: Debt

Follow company

Follow MJ Hybrid Solutions on SeedInvest

Buy MJ Hybrid Solutions's Deal Report

Warning: according to the close date for this deal, MJ Hybrid Solutions may no longer be accepting investments.

MJ Hybrid Solutions Deal Report

Get KingsCrowd’s comprehensive report on MJ Hybrid Solutions including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether MJ Hybrid Solutions is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the MJ Hybrid Solutions deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge