Cannecht

Powerful Service Matching Technology for Licensed Cannabis Businesses

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Security Type
Common Stock
Min Investment
$151
Location
Bend, OR
Offering Date
January 10, 2023
Expected Close Date
March 14, 2023
Target Raise
$10.00K-$1.24M
No. Investors
20
Security Price
$0.67
Valuation
$7,976,350
Website
cannecht.com
Number of Employees
4
Cash
$13,860
Revenue
$0
Short Term Debt
$2,910
Cost of Goods
$210
Long Term Debt
$221,000
Net Income
$-208,624

Company Description

Cannecht has developed a digital marketplace where cannabis operators and service providers quickly secure letters of intent and form trusted partnerships. This is no mere directory or listing site, it’s chock full of matching and contract delivery tech. The Cannecht platform saves time and money on the ‘last mile’ of business partner negotiations and discovery processes. All within an easy-to-navigate and familiar user interface. The recently legalized cannabis market is experiencing explosive growth, and our platform is positioned well to provide a key service vital to the industry’s development. With our beta product launched and a rapidly growing community of users, we believe we are ready to build the future of cannabis business marketplaces.

Key Deal Facts

Our product optimizes and expedites contracts between cannabis service providers and business operators, filling an essential niche in a high-growth industry.

Cannecht neither ‘touches the plant’ nor transacts in the movement of any regulated products. Thus, we do not fall prey to the banking risks found in more traditional cannabis technology plays.

We are providing a game-changing service to the emerging, rapidly expanding $13.2 billion legalized marijuana market, which is projected to grow at a whopping CAGR of 25.5%.*

Management Team / Advisory Board Bios

Peter CrawfordCEO & FounderPete Crawford has recruited, managed, and automated people, processes, and platforms within service delivery, healthcare, hospitality, CPG, and SaaS organizations throughout his career. He has an innate affinity for modern software platforms and an observant, analytical, and collaborative leadership style. Seeing the infinite potential and dire need for process management in this nascent industry, Pete dove headfirst into the cannabis world in 2014., Elizabeth May CFO & Co-FounderElizabeth researches revenue opportunities and spearheads fundraising initiatives to grow cannecht. Additionally, her role encompasses developing and managing budgets, overseeing all HR activities, financial IT systems, risk management, and forecasting and analyzing economic trends.
Elizabeth works full-time for Cannecht while also working approximately 10 hours per month as Fund Accountancy and Business Development Advisor for Money Management Podcast.
Carlos PerezCreative Advisor & Co-FounderCarlos Perez has been building brands for over 30 years. He is an exceptionally skilled designer specializing in directing creative and brand initiatives for dozens of CPG products. Carlos worked on campaigns with companies like Fossil Watches and LucasArts early in his career and has spent more than a decade working with prominent craft beer and cannabis brands. He is currently a partner and brand director of vice brands like Roganja and Massive Seeds, and his work with craft cannabis brand Lunchbox Alchemy led to multiple awards for branding and marketing.
Carlos works part-time for Cannecht while also working full-time as the Creative Director for Perez Design. Carlos previously was the Creative Director of the company from 2021-2022.
Jonathan ReynoldsBoard DirectorJon is an experienced IT professional with 25 years of practice in the Information Technologies industry. His background includes Alliances, Sales Leadership, Delivery Leadership, Consulting Services Operations, Cloud Workflow Platforms, Services Architecture, Project Management, and Business Process Transformation. Jon is a proven leader in managing high-performance teams, optimizing and scaling business operations to deliver industry-leading results.
Preston CallicottBoard Director & Strategic AdvisorAfter over a decade spent in large corporations, Preston drank the Koolaid and made the leap to Silicon Valley-based startups in executive management roles for business development, product development, and information technology. He found his passion for leading innovative, nimble teams, moving at Mach-2 and pivoting like a Latin dancer.
Amount Raised : $9,810
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Security Description

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