Kush Klubs

Cannabis Network And Subscription-Based Membership Club

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Form C
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Security Type
CAFES
Categories
Retail, Technology, Financial Services, Crypto & Blockchain
Min Investment
$100
Location
Beverly Hills, CA
Offering Date
October 21, 2021
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$250.00K
No. Investors
40
Security Price
$1
Valuation
$1,250,000
Website
kushklubs.com
Number of Employees
10
Cash
$1,192
Revenue
$0
Short Term Debt
$81,814
Cost of Goods
$0
Long Term Debt
$0
Net Income
$40,691

Company Description

A Complete Eco-system where Cannabis Retailers, Brands and Consumers ALL derive value from participating within the Community. We built an application that allowed consumers to search for dispensaries and products, learn about the products they were interested in, reserve those products, use our proprietary payment system to transact (thus eliminating the need for cash) and pick up those products. 

Key Deal Facts

Proven business model; successful BETA completed
Highly scalable model with passive income streams & huge ROI potential
Experienced Team of Entrepreneurs and Start-Up Veterans
First Mover in a recession-proof Industry with a projected $90.4B in revenues & 28% CAGR by 2026 (not guaranteed)
Solutions for legal retailers, brands & consumers against illegal markets, regulations & high tax
Mitigate risk by leveraging B2B and B2C side of the industry
3-5 Year Exit Strategy: IPO / AQ (not guaranteed)
Deals pending with Dispensary Groups with 100+ retail locations and with multiple Brands

Use of Proceeds

  • ($50,000) 92.5% towards Technology Development, 7.5% towards Wefunder fees
  • ($1,500,000) 25% towards Key Hires & Operations, 32.5% towards Marketing & Advertising, 30% towards Technology Development, 5% towards Legal & Finance Controls, 7.5% towards Wefunder fees
  • ($5,000,000) 20% towards Key Hires & Operations, 25% towards Marketing & Advertising, 20% towards Technology Development, 2.5% towards Legal & Finance Controls, 15% towards Territory Expansion, 10% towards Licensing & Acquisitions, 7.5% towards Wefunder fees

Management Team / Advisory Board Bios

Jean Pierre Fatta
Founder & CEO
As a software developer and serial entrepreneur for over 25 years, JP has been at the forefront of identifying trends in emerging markets and implementing data and technology to create new and novel concepts within those markets.

Alejandro Zalles
Chief Technology Officer
Alejandro has two decades of experience and has served as CTO of several companies, developed software for large international financial institutions and led large teams of developers overseeing all aspects of development.

Alan Bailey
Chief Financial Officer
Alan served as a Senior Financial Executive with Paramount Pictures for 35 years, including being its Senior Vice President and Treasurer (1974-2009). He has since served as a “virtual” CFO to a number of emerging and start up companies.
Amount Raised : $59,175
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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