About this raise
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.
Investment Overview
Invested : $56,771
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 03/09/2023
- Close Date
- 04/30/2023
$10,000
$426,943
$200
Equity - Common
Early Stage
RegCF
$0.18
$7,540,276
Company & Team
Company
- Year Founded
- 2021
- Industry
- Travel and Hospitality
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $1,695,467
- VC Backed?
- No
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.