Cannabiscope

A cannabis-focused SaaS platform to provide e-commerce solutions

Analytics

Raised to Date: $10,118

Aggregate Commitments $
Platform

Microventures

Start Date

04/19/2021

Close Date

10/11/2021

Min. Goal

$50,000

Max. Goal

$396,072

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$4,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

05/12/2021

Days Remaining

149

% of Min. Goal

20%

% of Max. Goal

3%

Likelihood of Max
unlikely
Avg. Daily Raise

$440

# of Investors

39

Momentum
cold
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Location

Henderson, Nevada

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Cannabiscope, a cannabis-focused SaaS platform, is raising funds on MicroVentures. The company has a valuation cap of $4 million and works as the link between cannabis retailers and consumers. The Cannabiscope platform makes it easier for the CBD/THC retailers to showcase their products and for the consumers to learn more about the products before purchasing. David Schacter and Paul Shockley founded Cannabiscope in 2018 and have raised $138,000 in previous rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $396,072, and the proceeds will be used for R&D, marketing, and general working capital. Cannabiscope already has over 257 active businesses and has conducted two successful pilot tests.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$75

$3,125

COGS

$974

$0

Tax

$0

$0

 

 

Net Income

$-115,602

$-27,493

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$18,802

$137,923

Accounts Receivable

$0

$0

Total Assets

$61,647

$157,923

Short-Term Debt

$10,900

$36,575

Long-Term Debt

$138,928

$138,928

Total Liabilities

$149,828

$175,503

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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
10/11/2021 Microventures $4,000,000 $10,118 Convertible Note Active RegCF
12/09/2019 Microventures $2,500,000 $134,420 Convertible Note Confirmed Closed RegCF
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