ProCanna
Early Stage
Easy, smart operations management and regulatory compliance for cannabis companies
Overview
Raised: $61,436
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/10/2021
Close Date
03/16/2022
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$491
# of Investors
62
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
ProCanna, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a platform that assists in operations management and regulatory compliance for cannabis companies. The platform is the future of cannabis compliance with its searchable regulations, foundational policies and procedures, and real-time updates on cannabis legislative changes. ProCanna is operating in many states and plans to launch its toolkit soon. Dede Perkins and Tony Perkins founded ProCanna in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used to add API collaboration to the software, add a sales associate to the team, and scale sales and customer service.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,168 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$51,105 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$193,568 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$75,736 |
$0 |
|
Total Liabilities |
$75,736 |
$0 |
Financials as of: 11/10/2021
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