Cannabox

Cannabox

Cannabis Subscription Box

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Security Type
Common Stock
Min Investment
$107
Location
Phoenix, AZ
Offering Date
September 09, 2021
Expected Close Date
March 10, 2022
Target Raise
$1.00K-$308.00K
Security Price
$1.14
Valuation
$12,000,000

Company Description

Cannabox is a monthly membership that sends customers a mystery box of innovative cannabis accessories like glass, papers, wraps, gear, snacks, and more. Designed by stoners for stoners.

Key Deal Facts

The cannabis market valued at $24.6B in 2020 is expected to reach $55.9B by 2026.
Cannabox has achieved $14.4M in revenue to date and experienced 63.5% YoY revenue growth from 2019 to 2020.
Cannabox has nearly 1M followers across social media platforms and has been featured by press such as SF Weekly, Weed Maps, MG Retailer, Leafly and Starter Story.

Management Team / Advisory Board Bios

Michael Berk, CEO
Michael has been a passionate cannabis user for 20+ years. After successfully exiting his previous subscription-based business, he used the acquisition funds to start Cannabox. Michael has been the sole founder and CEO since 2013.

Anthony Berk, COO
Although not a founder, Anthony was onboarded in 2017 as the creative director and head of marketing. Anthony has taken the Cannabox brand to a new level with new marketing strategies, influencer campaigns, innovative product design, and more.

Rai Khan, Social Media Manager (Contractor)
Rai oversees all social media curation and assists with Cannabox product design & curation. She is currently working towards a masters in design at ASU.
Amount Raised : $62,612
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Security Description

Common stock is a security that represents ownership in a corporation.

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