Chow420
Retail Automation and Cannabis
Newark, DE
Consumer Internet
Consumer Products
Chow is the one stop destination for all CBD brands. At chow we are creating an online and physical solution for the emerging billion dollar cannabis market. With our automated dispensaries and online marketplace, we plan to build the bedrock for the cannabis market.
$1,065,662
raised
2,638
Investors
$5.04M
Valuation
$0.63
Price per Share
$189.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on August 29, 2020 and is no longer accepting investments.
Reasons to Invest
CBD sales are predicted to reach $22B by 2022, and the overall U.S cannabis could pump nearly $80 billion annually by 2022
First-mover advantage and strategic market position in a billion-dollar market
The global smart retail market is estimated to grow from USD 21.6 billion in 2020 to USD 62.5 billion by 2025
Connecting consumers with easily-accessible, high-quality cannabis products they can trust
In an over-saturated CBD industry, quality brands are being drowned out, and consumers are ill-equipped to make educated judgments on finding the best products in the market. New brands are struggling to find a foothold in the dense landscape, and established brands are failing to get in front of the right customer.
Synchronizing automated physical retail with online retail for the CBD market
We test and vet over 200 plus brands to maintain high quality, so consumers get the best products when they shop at Chow. Our automated dispensaries and online marketplace are accessible 24 hours a day for the convenience of our customers. With Chow, customers can shop, learn and review the CBD products they love. For us, the future is not total domination of e-commerce; rather, it is the complete digitization of all retail.
Current Stage
We plan to start launching Chow machines and automated markets in Q4 2020.
We are currently developing zero-contact retail technologies for our automated machines with the use of smart barcodes. This is to respond to customer concerns about physical contact when shopping.
*Images of the smart barcodes are computer generated demo versions. Product is still currently under development.
CBD Sales are predicted to hit $20B by 2022
Source: Brightfield Group | Yahoo Finance
Currently, there is no dominant retailer in the CBD market, which means that there is an opening for a niche leader. Just like how Whole Foods became the leading retailer for organic foods, we want Chow to be the leading retailer in the CBD industry. With the use of our automated dispensaries, and online marketplace, we will be able to launch faster and stay 10 steps in front of the competition.
source for graph: Yahoo
CBD - The Intersection with billion-dollar industries:
CBD exists right at the intersection of 3 huge consumer trends. The $49 billion dollar "Herbal Supplement Industry", the growing anxiety economy and the almost overnight rise of the legal cannabis industry.
source for image: Vox
An eager customer base and proven returns
- Our first Beta Chow Pod executed over 1,200 transactions (70% profit margins) in a short period of time
- We have won over 800 unique customers in a very short period of time
Convenience across all platforms
Customers who live near an Automated Chow machine or an automated market can access our products at any time. If there aren’t any machines nearby, customers can shop from the best products online through our online marketplace. We provide 24-hour shipping for all online orders.
Smart Ecosystem: Machines, Mobile & Desktop
Revenue Generation :
Online marketplace subscription: We charge retailers and brands monthly fees to utilize our services online.
12% fee on all online transactions: We take 12% of all online transactions that go through our platform. The goal of Chow420.com is to serve as the backbone for the CBD market online and also as a way to channel traffic to physical machines. Watch more here!
- High-yield partnerships (380%): We’ve lined up specific, highly-yield partnerships with over 200 plus leading brands in the industry, some of which allow us to make 387% of our cost price on each product we sell. Our overhead costs are very low because we do not incur labor costs for our automated dispensaries. We also plan on expanding to other products beyond CBD such as THC (in specific states, countries), essential oils, e.t.c.
- ChowPods (Machines): We sell machines to CBD businesses and other businesses. The average cost of a ChowPodis $15,000.
- Raas (Chowgo): The COVID-19 Pandemic has exposed the fragility of present physical retail solutions, so we plan to launch a RAAS (Retail as a service) solution called Chowgo in 2021. Our goal is to reduce the cost and liability of operating physical stores for other businesses with the use of smart machines. In summary, we plan on replicating the WeWork model for retail with the use of our machines.
Chowgo Raas Market - Coming 2021
*The Raas image is a computer-generated demo version of Chowgo. Product is still currently under development*
We’re the first in the market of smart retail company for CBD products
No other company has entered the CBD market with the technology of seamlessly integrating a physical and online platform that makes it easier for consumers to shop from over 200 CBD brands at home OR in person. While there may be other brick and mortar retailers for CBD products and websites, we’re the first place to create a safe-space for the best products in the CBD market to connect with customers.
Chow BETA test run in New York City
Chow and the CBD market by 2025
By 2025, we plan to have 10,000 automated dispensaries across the country and maintain an efficient online marketplace that will enable us to have a dominant presence in this space. We believe our strategic positioning will allow us play a key role in the overall cannabis market
Chow Beta launch event
Introducing Automated Zero-Contact CBD Markets in Q4 2020:
The COVID-19 Pandemic has exposed the fragility of present physical retail solutions.
At Chow, we have taken it upon ourselves to not just create automated machines for CBD products, but redefine the overall retail experience for the future. For physical retail to thrive, customers need to feel safe and that is what we want to achieve with our automated markets.
Our automated markets will allow us to launch more machines in an efficient way, improve quality control, serve more customers daily (can hold over 3000 products), and will let us scale to RaaS (Retail as a Service) solutions for other industries.
For us, the future is not total domination of e-commerce; rather, it is the complete digitization of all retail.
Chow Automated Markets - Q4 2020
*Images are computer generated demo versions. Product is still currently under development.
THC:
We plan to jump into the THC market as soon as it becomes legal on the federal level in the U.S. We believe we can support the whole cannabis Industry with our ecosystem. The U.S cannabis industry could pump nearly $80 billion on an annual basis into the nation’s economy by 2022.
THC Expansion
The U.S cannabis industry - $80 billion by 2022.
An experienced and driven team
Chow was founded by Zach and David Obasiolu.
David is a serial entrepreneur as well as a computer and electrical engineer known for building automated solutions for power, finance, and healthcare industries to ensure security, efficiency and reliability. He is responsible for building and managing Chow's ecosystems (online and automated dispensaries). Zachary has a design and project management background in the startup industry - where he had early success helping a startup grow from a 2-person team to an acquired business. Together, they have what they need to make Chow a success.
Invest in the future of Cannabis and Retail Automation
Chow will be the leader in this exciting market. We have a great team and have spent the last 2 years conducting research and development on the CBD market. We have built our online platform, tested our first BETA machine, designed our final machine from our BETA, and have partnered with various CBD manufacturers and an electronics manufacturer that will build our automated dispensaries at a very low cost.
Key points and Advantages:
We believe we have created the most attractive experience in this market.
As other bricks and mortar retail companies scramble to compete, we can launch 10 times faster with automated dispensaries.
This is a market without a dominant retailer.
We have very low overhead costs and high-profit margins.
We do not have any inventory risk because brands are paid after customers purchase products.
We hold a very strategic place in this market, where both brands and customers need us.
Offering Summary
Company | : | VLISO Inc. |
Corporate Address | : | 2035 Sunset Lake RoadSuite B-2, Newark, DE 19703 |
Offering Minimum | : | $9,999.99 |
Offering Maximum | : | $1,069,999.56 |
Minimum Investment Amount(per investor) | : | $189.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 15,873 |
Maximum Number of Shares Offered | : | 1,698,412 |
Price per Share | : | $0.63 |
Pre-Money Valuation | : | $5,040,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below
Perks*
$315+ (Bronze): Investors will receive a collection of the 3 hand-picked CBD products from the brands we work with. Products will range from CBD oil, drinks, snacks, skincare, flower, and CBD for pets.
$1,000+ (Silver): Bronze Perk + access to all online seller services on Chow420.com for 3 months.
$3,000+ (Gold): Bronze Perk + access to all online seller services on Chow420.com for one year.
$10,000+ (Platinum): Bronze Perk + Partner with us to launch a Chow Machine. Machine shipping costs apply.
This perk is for the Chow v1 machine. The Chow v1 machine is the base Chow machine without the contactless technology and age-verification technology.
$45,000+ (Diamond): Gold perk + Partner with Chow to launch an automated market.
*All perks occur after the offering is completed.
The 10% Bonus for StartEngine Shareholders
VLISO Inc. will offer 10% additional bonus shares for all investments that are committed by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 or made at least two investments in StartEngine's own offerings.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.63 / share, you will receive 110 Common Stock shares, meaning you'll own 110 shares for $63 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, unless their eligibility period has been extended through additional subsequent investments in StartEngine's own offerings.
Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company that surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Any expense labeled “Travel and Entertainment”. Any expense labeled “Administrative Expenses” not strictly for administrative purposes. Salary payments made to one’s self, a friend or relative. Vendor payments.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$1,594.00
USD
$2,765.00
USD
Cash And Cash Equivalents
$400.00
USD
$2,765.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$0.00
USD
$0.00
USD
Long Term Debt
$30,000.00
USD
$30,000.00
USD
Revenues And Sales
$23,176.00
USD
$3,877.00
USD
Costs Of Goods Sold
$6,243.00
USD
$1,025.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$1,171.00
USD
-$14,027.00
USD
Risks
A 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.
Updates
Patent-Pending ChowCheck Algorithm | New CBD brand by Chow | Featured on Yahoo Finance | Featured on Tech Times
over 1 year ago
Patent-Pending ChowCheck Algorithm
The “Amazon for Cannabis”
That’s what we are building here at Chow. The pandemic emphasized the need for online retail in the cannabis industry. For online retail to be effective in a highly regulated market, we understood the need to create a dynamic and adaptable market that automates compliance in real-time for brands and customers regarding different state laws and regulations. With the help of the best cannabis firm in the country (Hoban Law Group), we perfected our compliance algorithm, and as of last week, our compliance algorithm for our marketplace is now PATENT-PENDING
New Brand by Chow - Moon:
We are pleased to announce the introduction of our new brand called “Moon.” We understand the need to have our own brands expand our revenue channels, which is why we have introduced Moon to our list of brands. The purpose of Moon is to help with sleep, which is why we named it Moon.
Featured on Yahoo Finance
https://finance.yahoo.com/news/chow420-revolutionizing-cbd-market-automated-142722691.html
Featured on Tech Times
Chow Machines and Pivots:
As the pandemic worsens and concerns of insecurity rise. We have suspended the launch of all individual machines, so we do not incur any form of liabilities that may affect us as a company. Moving forward, we will only launch automated stores like AmazonGO. Our stores will also be called ChowGO and will include other plant-based products. Efforts to launch individual machines have also begun this quarter through our platinum investors.
Investor Machine Partnerships:
We have developed a Chow v1.5 machine for investors and entrepreneurs to lease and sell our products nationwide. More information will be provided on this in our next month's newsletter. This buy-in fee for this will be $6,500 (free for platinum investors). The size of the Chow v1.5 machine is 700*1250*257mm (W*H*D) and it can be placed on a wall. The leasing of these machines will go through chowpods.com.
Shop Cibigo on Chow420.com | Platinum Investors | 5th Batch of Giveaways
almost 2 years agoShop Cibigo on Chow420 with automated compliance (Share with family and friends):
https://chow420.com/search?brands=cibigo
Platinum Investors: For platinum investors interested in launching machines, a representative will reach out to you in October to start the onboarding process for your machine. The reason for the delay is because we are still waiting for the full list of all platinum investors so we can onboard everyone at the same time, so thank you for your patience. If you have any questions, please always feel free to email contact@chow420.com
Giveaways (For investors that qualify for this perk - $315+ invested):
Due to delays in the disbursement process to us, the last/5th batch of giveaways will be split into two parts because we haven't received the final list of all cleared investors yet. The first part of this batch of giveaways will be sent this week to cleared investors and the second batch of giveaways will be sent in approximately 3 weeks (StartEngine disbursement process timeline) to the rest of the investors that are waiting to be fully cleared.
Thank you | Giveaways | Cibigo | What's Next?
almost 2 years agoWe did it together
Thank you to all our investors!
Fifth Round of Giveaways:
The fifth and last round of Investor giveaways(perks) starts in 2 weeks.
First Factory Images of Cibigo (A Chow Brand):
Last week, we announced plans to start the production of Cibigo.
This week, we've started producing our in-house CBD brand, Cibigo.
Cibigo will allow us to provide more variety and perks for customers on Chow.
Cibigo will also be at the forefront of our monthly subscription boxes this fall.
Cibigo will be available on Chow420.com in about 2 weeks.
Product Line Up for Cibigo:
1. Full Spectrum Gummies: 500mg, 1000mg and 2000mg
2. Full Spectrum Tincture Oils: 1,000mg and 2,000mg (NEW)
3. 750mg CBD capsules
4. 1g CBD pre-roll
5. 400mg CBD healing Salve
6. 750mg CBD sports capsules with Tumeric Root to aid pain relief
What's Next?
Based on our market research and goals for this round, we have decided to focus on our automated markets and online marketplace.
On the online end, the goal is to achieve an Amazon for CBD products through our mobile applications (Oct. 2020) and website. With our CBD Brand partners, we will be introducing a 'Sold by Chow' service on Chow420 this fall. The 'Sold by Chow' service will power same-day deliveries for customers in the North-East (due to the presence of our automated markets in the north-east) and provide 24 hour-72 hour (Free-Shipping) deliveries for customers nationwide.
Another goal for the online platform is to support over 5000 independent dispensaries. Dispensaries on Chow pay monthly fees, and we collect 12% of all transactions from independent dispensaries.
We will also be including CBD subscription boxes/memberships for customers this fall, and Cibigo will be the CBD brand for our subscription boxes.
For the automated markets, we will launch 1 to 3 automated markets between 2 cities (Philadelphia and New York). We will launch the automated markets one after the other, so we don't make any mistakes. The goal for the automated markets is to use the data we get from the first automated market to launch more automated markets. The automated markets will be in strategic locations and contain about five to ten machines each, with a delivery service that can cover a 5 to 10-mile radius, dependent on city regulations.
With the above goals, we believe we can grow efficiently and sustainably in a post-COVID world, which will allow the company to succeed in the long run, and allow us to launch more machines in the future.
Why did we choose this strategy? Below are key events that happened this summer, and these events caused us to go this route:
1. COVID-19: Covid-19 shifted customer behavior to online/delivery services: This showed that companies would not succeed going forward without an online presence and smart delivery services.
2. Green Growth filing for bankruptcy: Green Growth brands was a force to reckon with in the CBD space but expanded too fast (launched over 100 kiosks in 6 months) and ended up bankrupt - even with a $45 million budget.
3. The Riots: The riots raised security concerns about launching single and isolated machines. Based on our risk assessment, we believe it will be better to focus on automated markets for this round as we test out new ways of launching individual machines.
Investor Communications:
For now, all investor communications will be done via monthly and quarterly email newsletters/updates.
At the start of Q1 2021, we plan on launching an investor portal on Chow420.com to streamline communication and help investors track our progress/numbers, stock value, valuation, and future rounds.
Chow420.com v3.0 | Giveaway 4 | Cibigo Brand
almost 2 years agoChow420.com v3.0:
With the help of detailed recommendations (per state laws) from one of the best cannabis law firms in the country, we will be launching the first version of our Chowcheck algorithm (automated online compliance logic embedded in our ecosystem) this week on Chow420.com v3.0.
With the drastic change of CBD customer behavior to online shopping and the uncertainty of physical retail due to COVID-19, we believe we've built the best online CBD platform for the market to thrive.
Giveaway 4: The fourth batch of giveaways went out last week to investors that invested $315 and above. Please, if you have any issues with the products, shoot us an email (chow@vliso.com), and we will be happy to replace them.
Cibigo Brand: We've partnered with a CBD manufacturer to produce a line of high-quality CBD products at affordable prices. The name of the brand is Cibigo. In the next coming weeks, we will list Cibigo products on Chow420. Cibigo will allow us to maximize profits from every product sold online and in machines.
This fall, the Cibigo line will include:
1. Full Spectrum Gummies: 500mg, 1000mg and 2000mg
2. Full Spectrum Tincture Oils: 1,000mg
3. 750mg CBD capsules
4. 1g CBD pre-roll
5. 400mg CBD healing Salve
6. 750mg CBD sport capsules with Tumeric Root to aid pain relief
Possible Delays - mobile application: Due to the restrictions on CBD mobile apps from apple, we anticipate to encounter some pushback and delays. Hence, we plan to set a date in October for the launch soon.
Notice of Funds Disbursement
almost 2 years ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Chow420 has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Chow420 be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Notice of Funds Disbursement
almost 2 years ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Chow420 has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Chow420 be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Most Momentum on 7/23 | "HIGH TIMES HEMP CUP 2020 WINNER" is now on Chow | ChowCheck | Mobile app development
almost 2 years ago
Windy Hill Hemp (High Times Hemp Cup Winner 2020): Windy Hill Hemp makes small-batch premium CBD Hemp products from solventless whole flower hemp extracts of 100% Colorado grown industrial hemp.
Explore store:
https://chow420.com/search?sellers=Windy-Hill-Hemp
ChowCheck - coming August 2020:
ChowCheck: compliance made easy for CBD brands and dispensaries online.
ChowCheck will be built right into Chow420.com. ChowCheck will enable brands and dispensaries to stay compliant with state CBD laws and regulations by the click of a button. With the help of ChowCheck, we aim to be the first platform to automate compliance for all CBD transactions online.
Show Support!
Share and Upvote/applaud this article about Chow420 on Medium:
Chow Mobile App development (Launch: Labor day/September 7th, 2020):
Explore new brands & dispensaries on Chow420.com | Giveaways
almost 2 years agoBrand Highlights:
1.
NixulCBD: NixulCBD is proud to offer the highest quality nano isolate CBD products on the market. Our top priority is providing our customers access to pure CBD products that were carefully formulated using only the best ingredients available, including organically farmed hemp plants.
https://chow420.com/search?sellers=NixulCBD
2.
Hemp Dog: While increasing numbers of Americans are turning to the medical benefits of hemp derived CBD for their personal well being, similar benefits are now available in Hemp Dog’s veterinarian formulated medicine infused dog chews. Humans and canines are very similar. What’s good for people is good for dogs!
hhttps://chow420.com/search/product_detail/MjA2/hemp-dog-cbd-infused-dog-chews
3.
Suntown Sparkling: Suntown Sparkling infuses the perfect amount of CBD to provide a feeling of relaxation and focus. By micronizing and suspending the CBD in water it allows for better and faster absorption than standard hemp oil. We partnered directly with the CBD Source to ensure quality and purity and make sure you are getting the full 10mg by testing our cans by a third-party.
https://chow420.com/search/product_detail/MTk5/citracbd-4-pack
Giveaways:
The third batch of giveaways was sent out last week. The fourth batch of giveaways start in 2 weeks
Notice of Funds Disbursement
almost 2 years ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Chow420 has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Chow420 be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Chow420.com Version 2.0 is now available
almost 2 years agoChow420.com v2.0
New Features include:
- Seamless subscriptions for dispensaries/brands starting at $10/month
- Adaptive and Seamless Payments for customers
- Chow420 Forums for customers and dispensaries/brands
- Chowcash Referrals for dispensaries/brands
- Shop by dispensaries for Customers
- Product Q&A for customers and dispensaries/brands
- Automatic listing Approvals for dispensaries/brands
- Improved Age-Verification Process
- Real-time market updates
- Adaptive FAQ section
- Increased security
- Bug Fixes
We are shifting our efforts to the online market for the time being. This will allow to continue to build our ecosystem in the midst of the pandemic.
Read Article from csp daily news:
https://www.cspdailynews.com/cbdhemp/brick-mortar-retail-losing-cbd-sales-e-commerce
"CHICAGO — While convenience stores have remained open during the coronavirus pandemic, the emerging category of cannabidiol (CBD) products at least for brick-and-mortar retailers may be taking a hit, with online sellers benefiting the most, reported Brightfield Group.
CBD sales across all brick-and-mortar retail is falling by as much as 30%, the Chicago-based data research firm said. At the same time, online sales of the CBD category appear to be stronger, according to Bethany Gomez, managing director of Brightfield Group.
For the convenience channel specifically, Gomez said retailers may encounter challenges with the CBD product category because many c-store shoppers buy on impulse. Unfortunately, a CBD product purchase, which tends to be a higher ring, may not fall into that category.
Prior to the pandemic, CBD products had been steadily growing as a category for c-store operators. In CSP’s 2020 Category Management Handbook, c-stores represent 56% of the approximately $125 million in hemp and CBD product sales in markets measured by Chicago-based research firm IRI. The c-store channel rang up $70.8 million in CBD product sales in 2019."
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