Stemless

Stemless

Early Stage

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Overview

Funding data not publicly available
Platform

SeedInvest

Start Date

09/17/2017

Close Date

12/28/2017

Min. Goal
$25,000
Max. Goal
$300,000
Min. Investment

$500

Security Type

Convertible Note

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

MarketplaceTech

Location

Tigard, Oregon

Stemless, with a valuation of $4 million, is raising funds on SeedInvest. The company offers a full-service cannabis ordering solution for customers to purchase cannabis safely, legally, and easily. Stemless connects customers with local cannabis dispensaries and enables them to pay online and receive tracked delivery to their doors. The platform has partnered with 13 dispensaries, including Uplift, GreenRidge, StoneyOnly, Farma, and Serra, and is growing at a rapid pace. Koushi Sunder founded Stemless in September 2015. The current crowdfunding campaign has a minimum RegCF target of $25,000, a minimum target for the combined offerings of $250,000, and a maximum target of $300,000. The campaign proceeds will be used for technology, hiring, marketing, salaries, and legal and licensing fees.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$7,113

$0

COGS

$5,801

$0

Tax

$0

$0

 

 

Net Income

$-20,288

$-5,252

Summary Balance Sheet

FY 2016 FY 2015

Cash

$18,212

$0

Accounts Receivable

$0

$0

Total Assets

$18,212

$27,500

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/17/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Stemless 01/10/2018 SeedInvest $4,000,000 $300,000 Equity - Common Funded RegD 506(c)
Stemless 12/27/2017 SeedInvest $4,000,000 - Convertible Note Funded RegCF / RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Stemless on SeedInvest 2017
Platform: SeedInvest
Security Type: Convertible Note
Valuation: $4,000,000

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