About this raise
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.
Investment Overview
Invested : $232,217
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 06/03/2022
- Close Date
- 10/03/2022
$9,998
$1,000,073
$500
Equity - Common
Early Stage
RegCF
$3.70
$44,377,027
Company & Team
Company
- Year Founded
- 2015
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +74% YoY
- $815,966
- Monthly Burn
- Profitable
-
Cash on Hand
- $357,455
- Gross Margin
- 85%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $991,783
- VC Backed?
- Yes
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.