WebJoint
Cannabis delivery software
Analytics
Raised: $174,643
Aggregate Commitments $
Platform
StartEngine
Start Date
06/03/2022
Close Date
09/01/2022
Min. Goal
$9,998
Max. Goal
$1,000,073
Min. Investment
$500
Security Type
Equity - Common
Funding Type
RegCF
Series
Series B
Price Per Share
$3.70
Pre-Money Valuation
$44,377,027
Rolling Commitments $
Status
Active
Reporting Date
06/25/2022
Days Remaining
68
% of Min. Goal
1,747%
% of Max. Goal
17%
Likelihood of Max
Avg. Daily Raise
$7,938
Momentum
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Location
Sherman Oaks, California
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
WebJoint, with a valuation of $44.4 million, is raising funds on StartEngine. The company has developed a cannabis delivery software that serves over one-third of the licensed cannabis deliveries in California. The direct-to-consumer infrastructure of WebJoint streamlines the process of buying, selling, and delivering cannabis. WebJoint has processed $244 million worth of orders in four states and continues to expand its operations to the other legalized cannabis states. Christopher Dell’Olio founded WebJoint in 2015. The current crowdfunding campaign has a minimum target of $9,998.04 and a maximum target of $1,000,073. The campaign proceeds will be used to continue innovating the delivery software niche and enter additional markets.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$815,966 |
$468,683 |
|
COGS |
$123,765 |
$80,703 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$434,698 |
$306,143 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$357,455 |
$14,034 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$373,276 |
$15,804 |
|
Short-Term Debt |
$0 |
$83,728 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$83,728 |
Financials as of: 06/03/2022
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