Bringing Economic Efficiency to the Cannabis Industry
Cannabis is one of the fastest growing and most lucrative industries in the world today. Poised to become a $31.4 billion-dollar industry, cannabis is now medically available in 29 states in the United States, and totally legalized (for recreational and medical use) in nine states and the District of Columbia. All but four states have approved access to non-psychoactive cannabis extracts, produced for medicinal use.
With the shift in legality around cannabis, we are also observing a shift in culture. If you’re in Los Angeles, dispensary and cannabis delivery billboards are everywhere. In Colorado, dispensaries and cannabis businesses are frequented by tens of thousands of customers, daily. The entertainment industry, too, is taking notice, with new shows popping up regularly that explore the in’s and out’s of the marijuana realm.However, in spite of all the statewide changes and enormous public support, marijuana is still federally illegal. Cannabis products that are produced in FDA approved facilities and taxed by the government, still can not cross state lines. And in Texas you could be arrested for having the exact same product that is medically and recreationally celebrated in your home state.
While federal policy appears to be softening and federal laws may soon shift, they have not shifted yet. Dispensaries, even in states where cannabis is legal, find it near impossible to work with banks, or find merchant processors that won’t shut them down for selling marijuana.
Many of these businesses went from processing just a few orders — in cash — to having a huge boom in sales. This dramatic increase in sales requires a more sophisticated payment processing system. However, federal laws governing fiat currency have conspired to make that incredibly difficult. Because both banks and merchant processors are governed by unique sets of federal guidelines and restrictions, they are, in many cases, legally unable to accept deposits or process transactions for legally operating cannabis businesses.
To address this problem, CannCo's is creating a blockchain-powered ecosystem that will provide the following services for the cannabis industry and eventually other developing and underbanked markets:
The cannabis industry’s growth is accelerating at an exponential rate. However, with rapid growth comes an ever-increasing set of challenges. This problem is made worse by the fact that the major Fortune 500 players, like banks and software companies, who would normally step into an emerging market with solutions to these problems, are fundamentally precluded from participating in the cannabis market. So, as long time cannabis entrepreneurs who have watched and participated in the market since its infancy, we feel it is our responsibility to ensure that the cannabis industry’s growth is not hindered by a lack of effective infrastructure or business intelligence.
Once deployed, CannCo will ensure that businesses have unfettered access to the critical infrastructure they need to grow rapidly and provide consumers with a safe and consistent experience. Join us in developing a clearer framework for how cannabis businesses operate.
CannCo Brands & Development ("CannCo Brands"), was established in early 2017 and has since acquired or entered into agreements to acquire 3 established, revenue generating business in the cannabis market: Growth Circle, a media, marketing & IR company, serving cannabis brands; Stoner Days, a merchandise manufacturer; and THC Finder, a geo-targeted, mobile marketing platform for dispensaries. All three companies are managed or owned by CannCo Brands currently and all three are revenue generating and profitable. In addition, CannCo Brands has established two subsidiaries to enter the blockchain space - CannCo Network, which will develop platform technology and applications allowing users to access and leverage the blockchain data repository, and CannCoin, which will issue and manage a crypto asset utility token and related blockchain data repository. CannCo Network has already hired lead software architects and developers and has begun development on both the software platform and mobile applications. In addition, CannCoin has begun early stage development of the underlying smart contracts which will power the first version of the crypto asset, which will operate as an ERC token. Both projects are in development but have not yet reached alpha stage. Under the direction of CannCo Network's software development team, CannCo Brands will begin redevelopment of the THC Finder mobile application, with integrated CannCoin wallet in May of 2018, with an anticipated alpha version target release date in August of 2018. During that time, CannCoin anticipates launching the initial, fully developed CannCoin token for sandbox testing in June of 2018. The public release of a fungible crypto asset is projected for in the first quarter of 2019, which will mark the launch of the fully functional transaction platform.
With the shift in legality around cannabis, we are also observing a shift in culture. If you’re in Los Angeles, dispensary and cannabis delivery billboards are everywhere. In Colorado, dispensaries and cannabis businesses are frequented by tens of thousands of customers, daily. The entertainment industry, too, is taking notice, with new shows popping up regularly that explore the in’s and out’s of the marijuana realm.However, in spite of all the statewide changes and enormous public support, marijuana is still federally illegal. Cannabis products that are produced in FDA approved facilities and taxed by the government, still can not cross state lines. And in Texas you could be arrested for having the exact same product that is medically and recreationally celebrated in your home state.
While federal policy appears to be softening and federal laws may soon shift, they have not shifted yet. Dispensaries, even in states where cannabis is legal, find it near impossible to work with banks, or find merchant processors that won’t shut them down for selling marijuana.
Many of these businesses went from processing just a few orders — in cash — to having a huge boom in sales. This dramatic increase in sales requires a more sophisticated payment processing system. However, federal laws governing fiat currency have conspired to make that incredibly difficult. Because both banks and merchant processors are governed by unique sets of federal guidelines and restrictions, they are, in many cases, legally unable to accept deposits or process transactions for legally operating cannabis businesses.
To address this problem, CannCo's is creating a blockchain-powered ecosystem that will provide the following services for the cannabis industry and eventually other developing and underbanked markets:
- Transparent supply chain management
- Business banking and merchant processing
- Trade finance
- Direct consumer-engagement solutions
The cannabis industry’s growth is accelerating at an exponential rate. However, with rapid growth comes an ever-increasing set of challenges. This problem is made worse by the fact that the major Fortune 500 players, like banks and software companies, who would normally step into an emerging market with solutions to these problems, are fundamentally precluded from participating in the cannabis market. So, as long time cannabis entrepreneurs who have watched and participated in the market since its infancy, we feel it is our responsibility to ensure that the cannabis industry’s growth is not hindered by a lack of effective infrastructure or business intelligence.
Once deployed, CannCo will ensure that businesses have unfettered access to the critical infrastructure they need to grow rapidly and provide consumers with a safe and consistent experience. Join us in developing a clearer framework for how cannabis businesses operate.
CannCo Brands & Development ("CannCo Brands"), was established in early 2017 and has since acquired or entered into agreements to acquire 3 established, revenue generating business in the cannabis market: Growth Circle, a media, marketing & IR company, serving cannabis brands; Stoner Days, a merchandise manufacturer; and THC Finder, a geo-targeted, mobile marketing platform for dispensaries. All three companies are managed or owned by CannCo Brands currently and all three are revenue generating and profitable. In addition, CannCo Brands has established two subsidiaries to enter the blockchain space - CannCo Network, which will develop platform technology and applications allowing users to access and leverage the blockchain data repository, and CannCoin, which will issue and manage a crypto asset utility token and related blockchain data repository. CannCo Network has already hired lead software architects and developers and has begun development on both the software platform and mobile applications. In addition, CannCoin has begun early stage development of the underlying smart contracts which will power the first version of the crypto asset, which will operate as an ERC token. Both projects are in development but have not yet reached alpha stage. Under the direction of CannCo Network's software development team, CannCo Brands will begin redevelopment of the THC Finder mobile application, with integrated CannCoin wallet in May of 2018, with an anticipated alpha version target release date in August of 2018. During that time, CannCoin anticipates launching the initial, fully developed CannCoin token for sandbox testing in June of 2018. The public release of a fungible crypto asset is projected for in the first quarter of 2019, which will mark the launch of the fully functional transaction platform.
The Offering
Investment: Common Stock & CannCoins
$0.10/share of Common Stock│When you invest you are betting the company’s future equity value will exceed $8M.
Perks*
CannCoins (the "Tokens")
The Offering includes 10 Tokens for every $1 invested. In addition, the following bonuses apply, and these tokens are subject to the Bonus Rates and Terms noted below.
Individual Token Bonus Rates: Individual Investors who participate in the CannCo Regulation CF crowdfunding campaign, may be eligible to receive bonus tokens, if they contribute more than the minimum investment. The size of the bonus will depend on the size of the investment, and the bonus thresholds are as follows:
Group Token Bonus Structure: In addition to whatever individual token bonuses an investor may receive for their individual investment, the entire investor pool may receive an additional token bonus, for their performance in helping CannCo reach certain investment milestones. Additional token bonuses are as follows:
CannCoins
Description: CannCoin Tokens will be an ERC20/223 Token built on the Ethereum Blockchain and function as the primary medium of exchange usable within our own proprietary CannCo Network platform, and will be used as an exchange medium between consumers, retailers, and upstream supply chain partners.
The right to tokens is contingent upon the successful development of such Tokens and to the extent applicable, the blockchain upon which they function. There is no guarantee that successful development will ever occur.
*All perks will be delivered after the campaign is completed, and upon availability of the Tokens. See Offering Summary below for additional terms.
$0.10/share of Common Stock│When you invest you are betting the company’s future equity value will exceed $8M.
Perks*
CannCoins (the "Tokens")
The Offering includes 10 Tokens for every $1 invested. In addition, the following bonuses apply, and these tokens are subject to the Bonus Rates and Terms noted below.
Individual Token Bonus Rates: Individual Investors who participate in the CannCo Regulation CF crowdfunding campaign, may be eligible to receive bonus tokens, if they contribute more than the minimum investment. The size of the bonus will depend on the size of the investment, and the bonus thresholds are as follows:
- $500+ — If you invest $500-$1999, you will receive a 20% Token Bonus (i.e. 2 extra tokens per $1 invested, for a total of 12 tokens per $1 invested).
- $2,000+ — If you invest $2,000-$9,999, you will receive a 40% Token Bonus, for a total of 14 tokens per $1 invested.
- $10,000+ — If you invest $10,000-$49,999, you will receive a 60% Token Bonus, for a total of 16 tokens per $1 invested.
- $50,000+ — If you invest $50,000-$99,000, you will receive a 80% Token Bonus, for a total of 18 tokens per $1 invested.
- $100,000+ — If you invest $100,000 you will receive a 100% Token Bonus, for a total of 20 tokens per $1 invested.
Group Token Bonus Structure: In addition to whatever individual token bonuses an investor may receive for their individual investment, the entire investor pool may receive an additional token bonus, for their performance in helping CannCo reach certain investment milestones. Additional token bonuses are as follows:
- $107,000+ — "Milestone A". If the StartEngine investor community collectively contributes more than $107,000 in total investment, each individual investor who participates in Milestone A, will receive 5 extra tokens per $1 invested.
- $535,000+ — "Milestone B". If the StartEngine investor community collectively contributes more than $535,000 in total investment, each individual investor who participates in Milestone B, will receive 5 extra tokens per $1 invested and each individual investor who participated in Milestone A will now receive 10 extra tokens per $1 invested.
- $1,070,000+ — "Milestone C". If the StartEngine investor community collectively contributes more than $1,070,000 in total investment, each individual investor who participates in Milestone C, will receive 5 extra tokens per $1 invested. Each individual investor who participated in Milestone B will now receive 10 extra tokens per $1 invested and each individual investor who participated in Milestone A will now receive 15 extra tokens per $1 invested.
CannCoins
Description: CannCoin Tokens will be an ERC20/223 Token built on the Ethereum Blockchain and function as the primary medium of exchange usable within our own proprietary CannCo Network platform, and will be used as an exchange medium between consumers, retailers, and upstream supply chain partners.
The right to tokens is contingent upon the successful development of such Tokens and to the extent applicable, the blockchain upon which they function. There is no guarantee that successful development will ever occur.
*All perks will be delivered after the campaign is completed, and upon availability of the Tokens. See Offering Summary below for additional terms.
While the cannabis market is finite, our ability tocreate functional economic infrastructure platforms that can meet the needs ofunbanked communities and closed loop economies is almost infinitely scalable. As long as there are emerging economies and industries, there will becontinued opportunity for CannCo to deploy solutions into these markets. The Cannabis Industry Needs Greater Financial Efficiency Federal Restrictions Come at a Cost While marijuana seems socially ubiquitous and largely accepted legally, the reality is marijuana still maintains a federal designation as a Schedule-1 controlled substance.
Federal Law 280E state that “any business that engages in the distribution of Schedule-1 or Schedule-11 controlled substances are barred from tax deductions, such as for leasing property or paying salaries.” This means that dispensaries may have to fork as much as 70% in federal taxes. What’s more, banks and credit unions in “safe states” for marijuana gravely fear penalization from federal authorities for working with dispensaries. For this reason, virtually all banks turn dispensaries and cannabis business away rather than doing business with them.
The result is that cannabis businesses are left to work in cash, which is not efficient, sustainable, secure, or ultimately scalable. Overworked and Overwhelmed: Why Dispensary Owners Need Help Dispensary and marijuana business owners face challenges unlike any other industry, because they do not have the ability to scale in the way that traditional businesses do. This is the result of a myriad of federal restrictions and a complex framework of state and local legislation, which often conflicts and creates even great jurisdictional and operational confusion.
On a more basic level, many people who entered into the cannabis industry were not necessarily business people to begin with. They either loved cannabis or saw an amazing opportunity and were ready to jump aboard. In either case, they did not realize the innumerable challenges that lied in wait.
Our mission is to make doing business easier for people in the industry, with a streamlined approach and a full suite of interconnected infrastructure solutions. Leveraging blockchain technology and a cryptocurrency powered ecosystem make this possible. Having marijuana businesses utilize a decentralized form of currency can make basic business processes more seamless. CannCoin provides a singular, unified economic marketplace for all business who want to operate in the cannabis market, which allows these businesses to: Interact more easily... Process transactions more efficiently… Reach their customers more effectively... Remain compliant with constant changes to the legal landscape surrounding cannabis... How It Works
How It Works
The ecosystem depends on consumers and producers utilizing the CannCoin token. The CannCoin token will move through the supply chain, from consumer to producer, which will strategically position CannCoin as the standard currency to leverage and utilize as working capital for the entire industry. CannCoin will be used to process payment for transactions at the retail level, and then utilized by merchants to pay suppliers, vendors, service providers and even employees.
Here's How We'll Deploy
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Here's How We'll DeployCannCo will develop a CannCoin digital wallet, which will be both integrated into numerous 3rd party dispensary finder applications, as well as launched as a standalone wallet app. Each wallet will be pre-loaded with an initial coin gift.
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Our Market Traction and ExperienceCannCo Brands & Development (CannCo Network and CannCoin’s parent company) currently owns multiple revenue-positive subsidiaries and has entered into additional strategic partnership agreements with key established businesses at every stage of the the legal cannabis supply chain, creating a fully functional end-to-end ecosystem before the product is launched.
These companies will serve as the initial ecosystem participants from day one of our platform launch, which will provide both proof-of-concept and immediate market utility, which has yet to be accomplished in the cannabis cryptocurrency space. CannCo’s founders have combined five decades of experience in the California cannabis market, software development industry, and national financial markets.
Our numerous profitable companies that are actively participating in the cannabis supply chain give us an insider look into the nuances of this growing industry, as well as immediate feedback to support our agile software development platform, ensuring that products meet the demands of industry participants.
Our team has extensive corporate C-Level experience in management, marketing, software, and product development, which will enable us to ensure that product and platform development stay on track and on a budget, and most importantly, that the company is successfully grown, effectively marketed, and ethically managed.
These companies will serve as the initial ecosystem participants from day one of our platform launch, which will provide both proof-of-concept and immediate market utility, which has yet to be accomplished in the cannabis cryptocurrency space. CannCo’s founders have combined five decades of experience in the California cannabis market, software development industry, and national financial markets.
Our numerous profitable companies that are actively participating in the cannabis supply chain give us an insider look into the nuances of this growing industry, as well as immediate feedback to support our agile software development platform, ensuring that products meet the demands of industry participants.
Our team has extensive corporate C-Level experience in management, marketing, software, and product development, which will enable us to ensure that product and platform development stay on track and on a budget, and most importantly, that the company is successfully grown, effectively marketed, and ethically managed.
Cannabis InvestorsInvest in CannCo!CannCo has a vision that is focused and achievable, and our core team has the relevant expertise and experience to carry it out. Beginning with the cannabis industry in California, we believe that we will be able to fuel rapid adoption and deployment of our platform. The cannabis industry overall is incredibly tight knit and notoriously difficult to penetrate. However after decades of experience founding and growing some of the largest companies and most successful brands in the industry, we are armed with an intimate understanding of the consumer’s needs and unprecedented reach into the marketplace.
A lack of any effective infrastructure, combined with extraordinary need and a very finite, accessible group of industry participants, make cannabis the perfect test bed for a blockchain powered, end-to-end supply chain and banking infrastructure. However, we definitely see applications for our technology far beyond the cannabis market. As CannCo receives wider adoption, we will also begin to explore other exciting applications of our technology, in closed loop financial ecosystems. For example, our platform could be used to facilitate transactions at leading music festivals, or to provide banking, trading and other services to underserved communities and emerging economies.
We're excited about the potential of our technology, and we want you to be a part of it. Invest in CannCo, and help us use the power of blockchain to have an appreciable, positive impact on the world.
A lack of any effective infrastructure, combined with extraordinary need and a very finite, accessible group of industry participants, make cannabis the perfect test bed for a blockchain powered, end-to-end supply chain and banking infrastructure. However, we definitely see applications for our technology far beyond the cannabis market. As CannCo receives wider adoption, we will also begin to explore other exciting applications of our technology, in closed loop financial ecosystems. For example, our platform could be used to facilitate transactions at leading music festivals, or to provide banking, trading and other services to underserved communities and emerging economies.
We're excited about the potential of our technology, and we want you to be a part of it. Invest in CannCo, and help us use the power of blockchain to have an appreciable, positive impact on the world.
James Iacabucci
Technology Manager
James is a lead developer at GeoPulse.
Dustin Titus
Marketing Manager
Marketing with GeoPulse.
David DiNucci
Product Manager
Product at GeoPulse.
James Pakulis
Senior Advisor
Advisor at GeoPulse.
Offering SummaryMaximum 1,070,000* shares of common stock ($107,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 100,000 shares of common stock ($10,000)
Company
d.b.a CannCo Brands & Development, Inc. (Geopulse Explorations, Inc)
Corporate Address
6600 Sunset Blvd, 2nd Floor, Los Angeles CA, 90028
Description of Business
CannCo Brands is a Nevada based acquisition and development company aimed at building and leveraging new technologies to support emerging economies and markets, such as the legal cannabis market. CannCo is developing a proprietary blockchain technology which will power and support a network of infrastructure partners for legally operating cannabis businesses throughout the United States and Canada.
Type of Security Offered
Common Stock in Geopulse Exploration, inc. (OTCMKTS: GPLS) and CannCoin Tokens
Purchase Price of Security Offered
$0.10
Minimum Investment Amount (per investor)
$420
Perks*
The Offering includes 10 Tokens for every $1 invested. In addition, the following bonuses apply, and these tokens are subject to the Bonus Rates and Terms noted below.
Individual Token Bonus Rates: Individual Investors who participate in the CannCo Regulation CF crowdfunding campaign, may be eligible to receive bonus tokens, if they contribute more than the minimum investment. The size of the bonus will depend on the size of the investment, and the bonus thresholds are as follows:
$500+ — If you invest $500-$1999, you will receive a 20% Token Bonus (i.e. 2 extra tokens per $1 invested, for a total of 12 tokens per $1 invested).
$2,000+ — If you invest $2,000-$9,999, you will receive a 40% Token Bonus, for a total of 14 tokens per $1 invested.
$10,000+ — If you invest $10,000-$49,999, you will receive a 60% Token Bonus, for a total of 16 tokens per $1 invested.
$50,000+ — If you invest $50,000-$99,000, you will receive a 80% Token Bonus, for a total of 18 tokens per $1 invested.
$100,000+ — If you invest $100,000 you will receive a 100% Token Bonus, for a total of 20 tokens per $1 invested.
Group Token Bonus Structure: In addition to whatever individual token bonuses an investor may receive for their individual investment, the entire investor pool may receive an additional token bonus, for their performance in helping CannCo reach certain investment milestones. Additional token bonuses are as follows:
$107,000+ — "Milestone A". If the StartEngine investor community collectively contributes more than $107,000 in total investment, each individual investor who participates in Milestone A, will receive 5 extra tokens per $1 invested.
$535,000+ — "Milestone B". If the StartEngine investor community collectively contributes more than $535,000 in total investment, each individual investor who participates in Milestone B, will receive 5 extra tokens per $1 invested and each individual investor who participated in Milestone A will now receive 10 extra tokens per $1 invested.
$1,070,000+ — "Milestone C". If the StartEngine investor community collectively contributes more than $1,070,000 in total investment, each individual investor who participates in Milestone C, will receive 5 extra tokens per $1 invested. Each individual investor who participated in Milestone B will now receive 10 extra tokens per $1 invested and each individual investor who participated in Milestone A will now receive 15 extra tokens per $1 invested.
*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.
Terms of Tokens
CANNCOIN Token
Description: CannCoin Tokens will be an ERC20/223 Token built on the Ethereum Blockchain and function as the primary medium of exchange usable within our own proprietary CannCo Network platform, and will be used as an exchange medium between consumers, retailers, and upstream supply chain partners.
The Company currently does not have a functional distributed ledger based business model nor a blockchain based token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items. There is no guarantee that successful development will ever occur. The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.
Tax Advisory: Investors should consult their tax advisors with respect to the tax basis for each of the common stock and the CannCoin tokens, since they will trade independently.
Jurisdictions: No Investor who (i) resides, (ii) is located, (iii) has a place of business, or (iv) is conducting business (any of which makes the Investor a “Resident”) in the state of New York will be accepted in this offering.
The 10% Bonus for StartEngine Shareholders
Geopulse Explorations, Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 1,000 shares of Common Stock at $0.10 / share, you will receive 100 Common Stock bonus shares, meaning you'll own 1,100 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of ProceedsThe Company doesn't intend to experience an irregular use of proceeds.
Most recent fiscal year-end:Prior fiscal year-end:
Total Assets
$336,633.00USD
$215,066.00USD
Cash And Cash Equivalents
$17,753.00USD
$6,518.00USD
Accounts Receivable
$204,600.00USD
$208,500.00USD
Short Term Debt
$99,190.00USD
$0.00USD
Long Term Debt
$24,808.00USD
$24,970.00USD
Revenues And Sales
$316,742.00USD
$264,364.00USD
Costs Of Goods Sold
$160,592.00USD
$45,725.00USD
Taxes Paid
$0.00USD
$0.00USD
Net Income
-$128,633.00USD
$202,025.00USD
RisksA crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Technology Manager
James is a lead developer at GeoPulse.
Dustin Titus
Marketing Manager
Marketing with GeoPulse.
David DiNucci
Product Manager
Product at GeoPulse.
James Pakulis
Senior Advisor
Advisor at GeoPulse.
Offering SummaryMaximum 1,070,000* shares of common stock ($107,000)
*Maximum subject to adjustment for bonus shares. See 10% Bonus below
Minimum 100,000 shares of common stock ($10,000)
Company
d.b.a CannCo Brands & Development, Inc. (Geopulse Explorations, Inc)
Corporate Address
6600 Sunset Blvd, 2nd Floor, Los Angeles CA, 90028
Description of Business
CannCo Brands is a Nevada based acquisition and development company aimed at building and leveraging new technologies to support emerging economies and markets, such as the legal cannabis market. CannCo is developing a proprietary blockchain technology which will power and support a network of infrastructure partners for legally operating cannabis businesses throughout the United States and Canada.
Type of Security Offered
Common Stock in Geopulse Exploration, inc. (OTCMKTS: GPLS) and CannCoin Tokens
Purchase Price of Security Offered
$0.10
Minimum Investment Amount (per investor)
$420
Perks*
The Offering includes 10 Tokens for every $1 invested. In addition, the following bonuses apply, and these tokens are subject to the Bonus Rates and Terms noted below.
Individual Token Bonus Rates: Individual Investors who participate in the CannCo Regulation CF crowdfunding campaign, may be eligible to receive bonus tokens, if they contribute more than the minimum investment. The size of the bonus will depend on the size of the investment, and the bonus thresholds are as follows:
$500+ — If you invest $500-$1999, you will receive a 20% Token Bonus (i.e. 2 extra tokens per $1 invested, for a total of 12 tokens per $1 invested).
$2,000+ — If you invest $2,000-$9,999, you will receive a 40% Token Bonus, for a total of 14 tokens per $1 invested.
$10,000+ — If you invest $10,000-$49,999, you will receive a 60% Token Bonus, for a total of 16 tokens per $1 invested.
$50,000+ — If you invest $50,000-$99,000, you will receive a 80% Token Bonus, for a total of 18 tokens per $1 invested.
$100,000+ — If you invest $100,000 you will receive a 100% Token Bonus, for a total of 20 tokens per $1 invested.
Group Token Bonus Structure: In addition to whatever individual token bonuses an investor may receive for their individual investment, the entire investor pool may receive an additional token bonus, for their performance in helping CannCo reach certain investment milestones. Additional token bonuses are as follows:
$107,000+ — "Milestone A". If the StartEngine investor community collectively contributes more than $107,000 in total investment, each individual investor who participates in Milestone A, will receive 5 extra tokens per $1 invested.
$535,000+ — "Milestone B". If the StartEngine investor community collectively contributes more than $535,000 in total investment, each individual investor who participates in Milestone B, will receive 5 extra tokens per $1 invested and each individual investor who participated in Milestone A will now receive 10 extra tokens per $1 invested.
$1,070,000+ — "Milestone C". If the StartEngine investor community collectively contributes more than $1,070,000 in total investment, each individual investor who participates in Milestone C, will receive 5 extra tokens per $1 invested. Each individual investor who participated in Milestone B will now receive 10 extra tokens per $1 invested and each individual investor who participated in Milestone A will now receive 15 extra tokens per $1 invested.
*All perks and tokens will be delivered after the campaign is completed, and upon availability of the Tokens.
Terms of Tokens
CANNCOIN Token
Description: CannCoin Tokens will be an ERC20/223 Token built on the Ethereum Blockchain and function as the primary medium of exchange usable within our own proprietary CannCo Network platform, and will be used as an exchange medium between consumers, retailers, and upstream supply chain partners.
- Initial Blockchain: Ethereum, ERC20/ERC223
- Migration to Alternative Blockchain: Cardano (potentially; we are in preliminary discussions with IOHK now)
- Expected Network Launch date: 9/1/18
- Total amount of Tokens authorized for creation: 500,000,000 (subject to change without notice)
- Amount of Tokens or Rights to Tokens already issued: None
- Will they be listed on Exchanges: Yes
- if so, which: TBD
- Voting Rights: None
- Restrictions on Transfer: 1 year from closing of Offering
- Dividends/Distributions: None
- Redemption Rights: None
- Other: None
The Company currently does not have a functional distributed ledger based business model nor a blockchain based token and there is no guarantee that such will be developed in the future. The promise of future tokens is contingent upon the successful development of such items. There is no guarantee that successful development will ever occur. The right to receive future tokens and the offering of future tokens is being offered as part of this offering exempt from registration under Regulation CF.
Tax Advisory: Investors should consult their tax advisors with respect to the tax basis for each of the common stock and the CannCoin tokens, since they will trade independently.
Jurisdictions: No Investor who (i) resides, (ii) is located, (iii) has a place of business, or (iv) is conducting business (any of which makes the Investor a “Resident”) in the state of New York will be accepted in this offering.
The 10% Bonus for StartEngine Shareholders
Geopulse Explorations, Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders (with ≥ $1,000 invested in the StartEngine Reg A+ campaign) within 24 hours of this offering going live.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% bonus on this offering within a 24-hour window of their campaign launch date. This means you will receive a bonus for any shares you purchase. For example, if you buy 1,000 shares of Common Stock at $0.10 / share, you will receive 100 Common Stock bonus shares, meaning you'll own 1,100 shares for $100. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of ProceedsThe Company doesn't intend to experience an irregular use of proceeds.
Most recent fiscal year-end:Prior fiscal year-end:
Total Assets
$336,633.00USD
$215,066.00USD
Cash And Cash Equivalents
$17,753.00USD
$6,518.00USD
Accounts Receivable
$204,600.00USD
$208,500.00USD
Short Term Debt
$99,190.00USD
$0.00USD
Long Term Debt
$24,808.00USD
$24,970.00USD
Revenues And Sales
$316,742.00USD
$264,364.00USD
Costs Of Goods Sold
$160,592.00USD
$45,725.00USD
Taxes Paid
$0.00USD
$0.00USD
Net Income
-$128,633.00USD
$202,025.00USD
RisksA crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
