Chow420

Chow420

Early Stage

The go-to place for all CBD brands

The go-to place for all CBD brands

Overview

Raised to Date: Raised: $741,391

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/21/2021

Close Date

04/25/2022

Min. Goal
$10,000
Max. Goal
$3,930,147
Min. Investment

$189

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.60

Pre-Money Valuation

$17,117,459

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,415

# of Investors

1,155

Momentum
Funded
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Year Founded

2017

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

CommerceTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Newark, Delaware

Business Type

Growth

Chow420, with a pre-money valuation of $17.1 million, is raising funds on StartEngine. The company is a one-stop shop for cannabis products and provides automated dispensaries and an online marketplace for cannabis-related products. Using Chow420, customers can shop, learn, and review the CBD products they like 24 hours a day. Chow420 was founded by Zach and David Obasiolu in 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $3,930,147.20, and the proceeds will be used for growth and expansion. Chow420 has the first-mover advantage and a strategic market position. It has zero-contact automated dispensaries and has multi-store deals with SIMON malls and PREIT malls in four states.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$5,028

$16,443

COGS

$164

$0

Tax

$0

$0

 

 

Net Income

$-185,455

$-215

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$634,030

$400

Accounts Receivable

$0

$0

Total Assets

$656,962

$2,550

Short-Term Debt

$0

$0

Long-Term Debt

$30,000

$30,000

Total Liabilities

$30,000

$30,000

Financials as of: 06/21/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Chow420 06/04/2023 StartEngine $18,982,666 $124,501 Equity - Common Funded RegCF
Chow420 04/24/2022 StartEngine $17,117,459 $741,391 Equity - Common Funded RegCF
Chow420 08/27/2020 StartEngine $5,040,000 $1,069,941 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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Chow420 on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $17,117,459
Price per Share: $1.60

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