CannTrade on Microventures

eCommerce platform for cannabis and CBD products

Raise to date: $110,183

Reporting Date: 03/31/2020

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Likelihood of Max Unlikely
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Security Type

Convertible Note

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Deal Type

No Review

Investment Summary


Confirmed Closed

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DPD* All Companies


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SEC Filing Data from Kingscrowd

CannTrade, with a valuation cap of $6 million, is raising funds on MicroVentures. It is an e-commerce platform for hemp, cannabis, and other CBD products and aims to connect wholesale buyers and sellers of these products. The products that can be bought and sold on CannTrade include concentrates, flowers and preRolls, edibles and drinkables, tinctures, topicals, biomass, delivery systems, packaging material, gear and swag, and manufacturing equipment. CannTrade was founded by Adam Holub, Brian Holub, Andrew Harmon, and Jonathan Restelli in 2016. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards technological development, sales and support, marketing, working capital, and operations. CannTrade launched its full-featured platform in January 2020 and has over 1,330 businesses already registered on the platform.