CanEx

Cannabis Delivery Service

Company Information

Website:

https://www.canexdelivery.com/

Sector:

Mobile Software & Services

Location:

Montebello, CA

Buying cannabis is harder than it should be. In California, for example, seventy-four percent of cities don’t have a dispensary. And the state has only about four retailers for every 100,000 adults.

Consumers are struggling to find a trusted, convenient way to buy cannabis products. That’s why CanEx was created.

This mobile service offers cannabis delivery for those in Southern California. In 2022, the company generated ten million dollars in revenue and filled 750,000 orders.

In California, the cannabis industry has grown from less than two billion dollars in revenue in 2018 to more than four billion dollars in 2022. By 2026, revenues are expected to surpass five billion dollars.

Team Background

Jim Damask - Co-Founder & CEO
Shannon Bitzer - Co-Founder & COO

Co-Investors

Raising
$1.24 million
Committed
$3,850 (0%)
Current Valuation
$25 million Cap / 0% Discount
Min. Investment
$150
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
Notable Investors
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