The 420 Hotels
A new chain of boutique hotels and on-site cannabis consumption lounge
Overview
Raised: $32,090
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/09/2023
Close Date
04/30/2023
Min. Goal
$10,000
Max. Goal
$426,943
Min. Investment
$200
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$0.18
Pre-Money Valuation
$7,540,276
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
321%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$2,292
# of Investors
59
Momentum
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Year Founded
2021
Industry
Travel and Hospitality
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
The 420 Hotels, with a valuation of $7.54 million, is raising funds on StartEngine. It is a new chain of boutique hotels and an on-site cannabis consumption lounge. The keystone property is located at 420 E 11th in Denver, Colorado, and has generated $1 million in revenue in the past three years. 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 $9,999.90 and a maximum target of $426,943.26. The campaign proceeds will be used for lounge construction and working capital.
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: 03/09/2023
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