WebJoint

Early Stage

Cannabis delivery software

Analytics

Raised to Date: 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
unlikely
Avg. Daily Raise

$7,938

Momentum
cool.svg
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Location

Sherman Oaks, California

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

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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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WebJoint 09/01/2022 StartEngine $44,377,027 $174,643 Equity - Common Active RegCF
WebJoint 12/14/2021 StartEngine $44,349,307 $950,002 Equity - Common Funded RegCF
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WebJoint on StartEngine 2022
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $44,377,027
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