Question 1

Hi ProCanna! Congratulations, this seems like a great idea. I would love if you could help clarify a few points... (sorry for the long sentence, this comment form doesn’t allow to enter new paragraphs). 1. How is your solution different from seed-to-sale software which also in...

Accepted Answer

Hello Felipe! Thank you for your interest in ProCanna, I’m happy to clarify. 1. Seed-to-sale software tracks inventory, which is one requirement for cannabis compliance. ProCanna’s solution begins by making state regulations easily accessible to everyone on a team, provides foundational state-compliant SOPs, policies and audits for all sections of the regulations, from licensing and training to inventory, transportation, advertising, and security. Our platform allows operators to take control...

Question 2

Hi ProCanna Team! I’m interested in your company but wanted to understand the deal structure before committing to an investment. I'm sorry if I missed something already provided but I haven't been able to find any ppm or terms. Thanks!

Accepted Answer

Hi Nick, Thanks very much for your interest in ProCanna’s WeFunder campaign. We are offering a SAFE instrument (Simple Agreement for Future Equity) which provides the investor with the right to purchase shares in ProCanna as part of the company’s next priced round of fund raising which will likely be convertible preferred stock in a funding round in the second quarter of 2022. Investors in the SAFE would be entitled to a 20% discount on the price per share that is established in that next equ...

Question 3

Can you provide an update regarding 2021 revenue? Also, how many states are you operational in at present, and are you currently on track to hit your revenue projections for 2022?

Accepted Answer

Hi Kevin ProCanna is now operational in 8 states: IL. MA, MD, ME, MI, NJ, OH, and PA. We have searchable regulations available in AZ, with full content to be completed within the next week. We are currently working on CT and NV; searchable regulations should be available by mid-March with full content following thereafter. Toolkit and Advisor Dashboard, our newest product offerings were unofficially launched last month, in response to market feedback. The pipeline is now filling quickly since...

Question 4

Hi team. Could you provide an update please on progress with product and market development, revenue or sales pipelines, and other sources of financing beyond this raise on WeFunder please? I’m interested in the opportunity you have and believe that working in the legal space ...

Accepted Answer

Hi Aaron – ProCanna is now operational in 8 states: IL. MA, MD, ME, MI, NJ, OH, and PA. We have searchable regulations available in AZ, with full content to be completed within the next week. We are currently working on CT and NV; searchable regulations should be available by mid-March with full content following thereafter. Toolkit and Advisor Dashboard, our newest product offerings were unofficially launched last month, in response to market feedback. There are 35 +/- companies working in P...

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Easy, smart operations management and regulatory compliance for cannabis companies

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