Why Invest in Cannary?
Cannary Packaging Inc. provides the picks and shovels for the green rush by providing premier vape products, branding and custom packaging for emerging leaders in the cannabis industry. Cannary serves all verticals for the market through both retail and wholesale channels. Cannary went live with its online sales platform in October 2018, and has a strong growing customer base. Current sales of both retail and wholesale verticals are driving the company’s continued profitability.
Where We’re At
$4 MILLION USD REVENUE IN ITS FIRST YEAR OF OPERATION
Cannary is experiencing strong revenue growth, and is establishing industry leading margins. The Company achieved $4 Million USD revenue in its first calendar year of operations. Management has been identifying new and unexplored potentials in all areas of the global cannabis marketplace. The Company has identified significant opportunities in the North American cannabis vape hardware and custom packaging industry. The Company is the exclusive Distribution Agent for Verified® Vapes, a premier vape hardware product line.
According to internal financial projections, the Company is anticipating a rapid growth curve and expects positive revenue of $10 Million USD in 2020, with significant room for growth in the coming years.
Terms of the Deal
The terms of the private placement are based upon a Pre-Money Valuation of $4 Million USD and a Post-Money Valuation of $6 Million USD. This assumes a maximum offering of $2,000,000 USD (40,000,000 shares) at the unit price of USD $0.05 per share. The Company reserves the right to waive this maximum.
Cannary Packaging expects to have 60,107,834 million common voting shares, post-financing. The Company is exercising its prerogative with respect to the private issuer exemption, section 2.4 of NI 45-106. Cannary Packaging Inc. intends to apply the proceeds of the financing towards its North American expansion, purchasing bulk inventory, as well as general working capital.
The estimated breakdown of the Company’s funding activities can be seen below.