CanEx

The cannabis delivery app for Southern California and beyond

Security Type: Crowd SAFE
Min Investment: $150
Location: Montebello, CA
Offering Date: February 14, 2023
Expected Close Date: April 15, 2023
Target Raise: $25.00K-$1.24M
No. Investors: 16
Security Price: $1
Website: canexdelivery.com

Number of Employees: 70
Cash: $262,411
Revenue: $13,042,719
Short Term Debt: $742,513
Cost of Goods: $6,716,403
Long Term Debt: $0
Net Income: $454,871

Key Deal Facts

Cannabis delivery service serving 175k clients in Southern CA
$10M revenue in 2022
Industry-leading loyalty program with 49% repeat customers
Cutting-edge technology underpinning delivery operations
Data-driven analytics: streamlines operations, improves customer retention
Founder with 20 years of experience building international companies

Perks

Invest
$10,000
Receive
Tour one of our Cannabis Facilities in Los Angeles with one of the founders.

Invest
$25,000
Receive
Dinner with CEO. Spend a few hours with Jim while breaking bread in LA.

Invest
$50,000
Receive
Employee for a day ! Do a few deliveries, tour the facility, and dinner with CEO.

Management Team / Advisory Board Bios

Jim Damask
Founder/CEO
Seasoned entrepreneur who has built two successful companies in highly regulated, non-transparent markets. Founder of Indo-Cali, which merged with CanEx in 2020.

Shannon Bitzer
Founder/COO
Marine Corps veteran and original founder of CanEx prior to merging with Indo-Cali. Deep, hands-on experience in cannabis delivery management and operations.

Dean Armitage
Consultant: Delivery Infrastructure
Developed the delivery infrastructure & technology for Domino's and Papa John's, helped them scale to thousands of retail locations globally.

Sam Brown
Consultant: Data Science
Data scientist and Oxford economist for 20+ years, specializing in the use of data science and machine learning to optimize business operations/decisions

Arthur Augustine
Director of Operations

Clint Shirley
Managing Partner

Eric Maloney
Marketing & Sales

Carlos Romero
Inventory & Logistics Specialist

Candace Salem
Compliance

Ani Sardarian
HR, Finance

Amount Raised : $5,950

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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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