CannTrade on Microventures

eCommerce platform for cannabis and CBD products

Raise to date: $110,183

Reporting Date: 03/31/2020

Key Stats

Minimum Raise

$50,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

01/28/2020

Stop Date

03/30/2020

Days Remaining

Closed

Security Type

Convertible Note

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Confirmed Closed

# of Investors

461

% of Minimum Raised

220%

% of Maximum Raised

10%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$1,777

DPD* Category

$0

DPD* All Companies

$980

Kingscrowd Momentum

$110,183

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

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.

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