Toast

Growth Stage

Toast is on track to become one of the first premium, national cannabis brands

Analytics

Raised to Date: Raised: $246,693

Aggregate Commitments $

Platform

Republic

Start Date

06/02/2022

Close Date

04/28/2023

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$20,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

06/25/2022

Days Remaining

307

% of Min. Goal

987%

% of Max. Goal

23%

Likelihood of Max
extremely
Avg. Daily Raise

$10,726

Momentum
cold.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

New York, New York

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

Growth

Toast, with a valuation of $20 million, is raising funds on Republic. It is a premium national cannabis brand in the post-prohibition era. The flagship product of Toast, the Joint 2.0, comes as pre-rolls of cannabis and enhances celebratory moments. Additionally, the variety varies with the potency, from micro-dosed CBD+THC to high-potency THC. Toast has reported total sales of $12 million since inception with a CAGR of over 100%. Punit Seth, Shovahn Rincon, and Chris Burggraeve founded Toast in October 2015. 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 to grow in new markets and increase brand collaborations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,322,758

$709,731

COGS

$253,439

$320,582

Tax

$0

$0

 

 

Net Income

$-603,143

$-1,598,399

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$323,928

$138,710

Accounts Receivable

$852,228

$197,406

Total Assets

$2,055,132

$1,291,317

Short-Term Debt

$291,123

$211,834

Long-Term Debt

$305,005

$146,259

Total Liabilities

$596,128

$358,093

Financials as of: 06/02/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Analyst Report Analyst Report Methodology Article

Pending Review

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Toast on Republic 2022
$
Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

Follow company

Follow Toast on Republic 2022
View on Republic
Bullish / Bearish
You're Bullish on Toast on Republic 2022

Thank you for your vote on Toast on Republic 2022

Bullish / Bearish
You're Bearish on Toast on Republic 2022

Thank you for your vote on Toast on Republic 2022