WebJoint

WebJoint

Early Stage

Cannabis delivery software

Cannabis delivery software

Overview

Raised to Date: Raised: $232,217

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/02/2022

Close Date

10/03/2022

Min. Goal
$9,998
Max. Goal
$1,000,073
Min. Investment

$500

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.70

Pre-Money Valuation

$44,377,027

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,903

# of Investors

192

Momentum
Funded
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Year Founded

2015

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Sherman Oaks, California

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: 06/02/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
WebJoint 10/02/2022 StartEngine $44,377,027 $232,217 Equity - Common Funded RegCF
WebJoint 12/13/2021 StartEngine $44,349,307 $950,002 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Add to portfolio
WebJoint on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $44,377,027
Price per Share: $3.70

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Follow WebJoint on StartEngine 2022

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