The 420 Hotels

Early Stage

A new chain of boutique hotels and on-site cannabis consumption lounge

Analytics

Raised to Date: Raised: $146,702

Aggregate Commitments $

Platform

Republic

Start Date

05/17/2022

Close Date

09/01/2022

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$200

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

08/17/2022

Days Remaining

15

% of Min. Goal

587%

% of Max. Goal

14%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,595

Momentum
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Location

Denver, Colorado

Industry

Travel and Hospitality

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Business Type

Life Style

The 420 Hotels, with a valuation of $6 million, is raising funds on Republic. It is a new chain of boutique hotels and an on-site cannabis consumption lounge. The initial property is located at 420 E 11th in Denver, Colorado, and is the first of the many hotels to come in the future. The hotels under The 420 Hotels aim to offer a new type of cannabis hospitality by combining high-end hotel accommodations with a members-only cannabis club. Chris Chiari founded The 420 Hotels in April 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for renovations and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$1,000

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 05/17/2022
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The 420 Hotels on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $6,000,000

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