Microventures
04/19/2021
10/11/2021
$50,000
$396,072
$100
Convertible Note
RegCF
Seed
$4,000,000
20%
Rolling Commitments $
Active
04/21/2021
173
0%
0%
$0
Henderson, Nevada
Alcohol, Tobacco, & Recreational Drugs
CommerceTech
B2B/B2C
Low
Low
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
|
Revenue |
$75 |
$3,125 |
|
COGS |
$974 |
$0 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Net Income |
$-115,602 |
$-27,493 |
Summary Balance Sheet
|
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 |
Summary of Crowdfunding Raises
| 10/11/2021 | Microventures | $4,000,000 | $0 | Convertible Note | Active | RegCF |
| 12/09/2019 | Microventures | $2,500,000 | $134,420 | Convertible Note | Confirmed Closed | RegCF |
