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Security Type
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Equity
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Categories
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Service Businesses
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Offering Date
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April 20, 2018
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Expected Close Date
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July 05, 2018
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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- Type of Security Offered: Common Stock in Geopulse Exploration, inc. (OTCMKTS: GPLS) and CannCoin Tokens
- Purchase Price of Security Offered: $0.10
- Minimum Investment Amount (per investor): $420
- Maximum 1,070,000* shares of common stock ($107,000)
- Minimum 100,000 shares of common stock ($10,000)
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Valuation
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$8,000,000
Company Description
Cannabis is one of the fastest growing and most lucrative industries in the world today. Poised to become a $31.4 billion-dollar industry, cannabis is now medically available in 29 states in the United States, and totally legalized (for recreational and medical use) in nine states and the District of Columbia. All but four states have approved access to non-psychoactive cannabis extracts, produced for medicinal use. With the shift in legality around cannabis, we are also observing a shift in culture. If you’re in Los Angeles, dispensary and cannabis delivery billboards are everywhere. In Colorado, dispensaries and cannabis businesses are frequented by tens of thousands of customers, daily. The entertainment industry, too, is taking notice, with new shows popping up regularly that explore the in’s and out’s of the marijuana realm. However, in spite of all the statewide changes and enormous public support, marijuana is still federally illegal. Cannabis products that are produced in FDA approved facilities and taxed by the government, still can not cross state lines. And in Texas you could be arrested for having the exact same product that is medically and recreationally celebrated in your home state. While federal policy appears to be softening and federal laws may soon shift, they have not shifted yet. Dispensaries, even in states where cannabis is legal, find it near impossible to work with banks, or find merchant processors that won’t shut them down for selling marijuana. Many of these businesses went from processing just a few orders — in cash — to having a huge boom in sales. This dramatic increase in sales requires a more sophisticated payment processing system. However, federal laws governing fiat currency have conspired to make that incredibly difficult. Because both banks and merchant processors are governed by unique sets of federal guidelines and restrictions, they are, in many cases, legally unable to accept deposits or process transactions for legally operating cannabis businesses. To address this problem, CannCo's is creating a blockchain-powered ecosystem that will provide the following services for the cannabis industry and eventually other developing and underbanked markets:
1. Transparent supply chain management
2. Business banking and merchant processing
3. Trade finance
4. Direct consumer-engagement solutions
With the launch of our native token, the CannCoin, we will to revitalize and restructure the cannabis market by offering robust financial services that have been largely unavailable until now. Given the successful track record of those behind CannCo and our unique blend of experience in the cannabis market, product and software development, and financial markets, we believe we are poised to deliver essential products and solid returns to our investors.
Perks
$500+ — If you invest $500-$1999, you will receive a 20% Token Bonus (i.e. 2 extra tokens per $1 invested, for a total of 12 tokens per $1 invested).
$2,000+ — If you invest $2,000-$9,999, you will receive a 40% Token Bonus, for a total of 14 tokens per $1 invested.
$10,000+ — If you invest $10,000-$49,999, you will receive a 60% Token Bonus, for a total of 16 tokens per $1 invested.
$50,000+ — If you invest $50,000-$99,000, you will receive a 80% Token Bonus, for a total of 18 tokens per $1 invested.
$100,000+ — If you invest $100,000 you will receive a 100% Token Bonus, for a total of 20 tokens per $1 invested.
Key Deal Facts
Traditional Funding: Users will be able to add CannCoin by funding their wallet through any traditional exchange or personal bank account
Loyalty: Users will also be able to earn CannCoin via loyalty rewards or be compensated through gamified achievements, which will be both offered by CannCo as well as sponsored by dispensaries and brands.
Product and Retailer Discovery: By Geo-locating consumers in conjunction with in-app advertising networks, we will guide users to CannCo member dispensaries and sponsored brands.
Early Adoption Rewards: Early adopters will earn CannCoin tokens and early access to the ICO by participating in the Ecosystem.
Use of Proceeds
We will be using the capital generated to develop technology and fund the coin offering. The Technology Budgets will be used to design the technologies associated with the Cannco Network and Coin - These functionalities will also be embedded in the applications of THCfinder.com. The Marketing Budget will be deployed as needed to build the assets and reach an audience for our coin offerings. This will include managing activities like creating and distributing content on the social networks relevant to coin investors. These activities would also include, going to trade shows for the cannabis industry and building awareness with industry partners.
Management Team / Advisory Board Bios
Marcus Laun
CEO & Director
Mr. Laun has spent the past twenty years as a founding principal and senior advisor to more than fifteen publicly and privately held companies. His experience includes advising on the founding, financing, growth and sale of Happy Family, an organic foods company which eventually sold for $250mm. He has in depth knowledge of media content and distribution having been a senior advisor to Digital Development Group which has a distribution platform with more than 10,000 titles. Since 2013, Mr. Laun has been the founder and CEO and Director of GrowthCircle.com, a media company specializing in the production and distribution of short films for corporate clients. He also has extensive expertise in financing having been a Managing Director for Knight Capital Group and managed syndicates for over $300 million in financing. He has a BS from Cornell, and an MBA from Columbia University. He currently serves as the CEO of Geopulse Exploration full time and has been with GeoPulse since August 2017
Jesse Woolmer
President & COO
Mr, Woolmer is a veteran cannabis industry professional, with over a decade of experience in the legal cannabis industry. Mr. Woolmer’s cannabis career began in operations, where he helped rebrand, streamline and grow the operations of the largest chain of retail dispensaries in the country. In 2009, Mr. Woolmer and his partner were awarded the first commercial cultivation permit ever issued by the State of California. Most recently, Mr. Woolmer co-founded Centuria Natural Foods, where he and his partners built the largest global supply chain of CBD (hemp extract) in the world, spanning 4 countries, on two continents in four years. He served as the CFO for Centuria from 2014-2017. Under Jesse’s lead, Centuria was awarded the first and only federal continuous import bond ever issued by the Department of Homeland Security, to import cannabis plant material into the United States. Mr. Woolmer’s extensive experience affords CannCo a unique insight and ability to address the needs of virtually every supply chain participant, be they consumers or federal regulators, and everyone in between. He has served as the President and COO of GeoPulse since June 2017.
Deal Notes
- Type of Security Offered: Common Stock in Geopulse Exploration, inc. (OTCMKTS: GPLS) and CannCoin Tokens
- Purchase Price of Security Offered: $0.10
- Minimum Investment Amount (per investor): $420
- Maximum 1,070,000* shares of common stock ($107,000)
- Minimum 100,000 shares of common stock ($10,000)