WebJoint

Early Stage

Cannabis delivery software

Analytics

Raised to Date: Raised: $890,789

Aggregate Commitments $

Platform

StartEngine

Start Date

03/19/2021

Close Date

12/13/2021

Min. Goal

$9,998

Max. Goal

$1,069,997

Min. Investment

$238

Security Type

Equity - Common

Funding Type

RegCF

Series

Series B

Pre-Money Valuation

$44,349,307

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

8

% of Min. Goal

8,910%

% of Max. Goal

83%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,413

Momentum
warm.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 pre-money valuation of $44.3 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. Christopher Dell’Olio founded WebJoint in 2015 and has raised over $2.2 million since the inception. The current crowdfunding round has a minimum raise of $9,998.10 and a maximum raise of $1,069,997.04, and the funds will be used to expand the business to all delivery-capable cannabis states in the US. WebJoint has completed over 1.9 million deliveries in 819 cities in California. The business reported a 346% year-over-year increase in orders delivered through its platform.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$468,683

$154,313

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-312,203

$-884,511

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,033

$15,626

Accounts Receivable

$0

$0

Total Assets

$15,804

$36,302

Short-Term Debt

$950,494

$38,508

Long-Term Debt

$77,111

$715,396

Total Liabilities

$1,027,605

$753,904

Financials as of: 03/19/2021
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WebJoint on StartEngine
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $44,349,307

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