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Security Type
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CAFES
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Categories
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Technology, Agriculture, Retail, Cannabis & Smoke Products, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$250.00K-$1.00M
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No. Investors
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178
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $328,735
- Revenue
- $1,495
- Short Term Debt
- $17,437
- Cost of Goods
- $1,608
- Long Term Debt
- $755,000
- Net Income
- $-365,233
Key Deal Facts
📈 Oversubscribed in pre-sales signups at 500+ units, $500k in early stage pipeline (not guaranteed)
🚀 Go to Market includes ARR after upfront hardware sale, increasing revenue with every unit sold
💰 Over $755K capital previously raised from Angels and VC
🤖 2nd Time LatinX Founder 🇲🇽 w/ proven success in building game changing robotic solutions and HW
🎓 2021 Mass Challenge Alum (Boston) & ✊ winner of BU/GLP Cannabis Startup Competition 2021
📜 Patent Pending Hydroponics, AI, and Lighting Technology
😀 Customers Love the Product "AI grew my weed, and it is GOOD"
✍️ 5+ years DEVELOPMENT! | We're shaking up a $91.5B+ market with 26.3% CAGR
Management Team / Advisory Board Bios
Carl Palme Founder + CEO2x LatinX founder and “Chief Nerdâ€, passionate about changing the world with innovative technology and unparalleled user experiences. Two decades of experience developing robotic hardware and Vision AI SaaS. Ex Rethink Robotics and Neurala.
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Business Idea
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Management Team
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Valuation
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.