Forbes
Cannabis Delivery Software Platform WebJoint Teams Up With Point-of-Sale Provider Cova
WebJoint
Cannabis Delivery Software
Woodland Hills, CA
E-Commerce
WebJoint is a leader in the field of cannabis delivery software, currently serving more than a third of licensed and operating cannabis deliveries in California. In a blooming industry that is expected to grow to $176 billion in retail sales by 2030, this company has processed more than $244 million worth of orders in California, Massachusetts, Maine, and Michigan, while continuing to expand its operations to all legalized cannabis states.
$189,528
raised
$902,132
previously crowdfunded
158
Investors
$44.4M
Valuation
$3.70
Price per Share
$499.50
Min. Investment
Common
Shares Offered
Equity
Offering Type
$4.1M
Offering Max
14
Days Left
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Rewards
Get rewarded for investing more into WebJoint:
$499+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$2,500+
Investment
Tier 1
Invest $2,500+ and receive WebJoint t-shirt + 5% bonus shares.
$5,000+
Investment
Tier 2
Invest $5,000+ and receive a WebJoint t-shirt and hat + 25% bonus shares.
$10,000+
Investment
Tier 3
Invest $10,000+ and receive a WebJoint t-shirt, hat, and windbreaker + 50% bonus shares.
$25,000+
Investment
Tier 4
Invest $25,000+ and a WebJoint t-shirt, hat, windbreaker, and swag box + receive 75% bonus shares.
$50,000+
Investment
Tier 5
Invest $50,000+ and receive a WebJoint t-shirt, hat, windbreaker, swag box, and a meeting with WebJoint Executives + 100% bonus shares.
Reasons to Invest
- Proven concept: More than a third of currently operating cannabis delivery companies in California use WebJoint to manage their business operations.
- Exploding industry: The cannabis market is expected to reach $176 billion by 2030, with delivery being the fastest-growing segment.* Thanks to our investors, WebJoint is now a multi-state operator, processing delivery transactions in California, Massachusetts, Maine, and Michigan. Our revenue has grown ~74% since launching our previous raise.
- Strong partnerships: WebJoint has strong partnerships with Weedmaps, Cova, KindTap, and Happy Cabbage to support cannabis deliveries nationwide.
*Market statistics provided by BusinessWire (source)
Overview
WebJoint: Because cannabis doesn’t need to be so complicated
Whether you’re trying to buy a bit of bud or sell it, the legal cannabis industry can be cloudy. But why is it so difficult to work with a product that so many people seem to want?
It turns out, it doesn’t have to be. Since entering the scene in 2017, WebJoint has clarified the process for everyone, from cannabis brands to retail delivery services and consumers.
We believe that’s the real value of our innovative eCommerce and inventory management software—although the $244 million in orders processed to date is nothing to scoff at, either. Nor is the fact that we’re operating in a market projected to reach $176 billion by 2030.*
*Market statistics provided by BusinessWire (source)
The Problem
The cannabis industry is difficult to navigate for consumers and retailers alike
Due to restrictive state regulations and the youth of the legalized cannabis industry, the market lacks a direct-to-consumer sales infrastructure.
Part of the issue is that rather than being able to sell directly to consumers, cannabis brands are required to sell via a middleman: licensed retailers.
It’s a convoluted system wherein cannabis brands are disconnected from their customer base, and retail delivery services struggle to keep track of delivery orders while also maintaining compliance with state regulations.
The end result? Consumers often find it remarkably difficult to find and purchase the specific product they want to have delivered to their door.
The Solution
Cultivating a nascent delivery market
The solution, to us, was simple: Build a scalable Direct-to-Consumer infrastructure with a network of cannabis delivery services. Streamline the buying, selling, and delivery processes to benefit everyone.
The Market
Cannabis is growing (and growing and growing) as legalization takes over more states
The global legal cannabis market was estimated to be worth $25.6 billion in 2021, and it’s expected to grow to $176 billion by 2030.*
*Market statistics provided by BusinessWire (source)
(source)
Delivery is being adopted at a much higher rate than previously expected. California estimates that over 54% of the state's consumers now order cannabis EXCLUSIVELY through delivery.*
*Information provided by CA.gov, Section 1(a) (source)
(source)
Furthermore, the effects of COVID-19 have accelerated the industry’s transition to a delivery-dominated market, with delivery being the fastest-growing segment of the industry.*
*Information provided by Marijuana Business Daily and PR Newswire (source, source)
Our Traction
We’re already a commanding force in the California canna-business
Since launching in 2017, we’ve built the largest network of cannabis delivery services in California and become the market leader in the cannabis delivery software niche. Now, more than a third of licensed and operating cannabis deliveries use WebJoint to manage their businesses every day.
Presently, our focus is on leveraging this network to enable direct-to-consumer cannabis sales and expand this technology to delivery-enabled states nationwide.
Our most recent numbers:
- 553,000 retail cannabis customer accounts created
- Average Ticket Price of $81.89
- 116.99% YoY increase in orders delivered through our platform from 2020 to 2021
- More than $244 million in orders processed
- ~71% YoY increase in volume of orders processed
- Over 3 million orders completed in California, Maine and Massachusetts
What We Do
Two products that work together to simplify online ordering
Delivery Software Suite
Our flagship product is an eCommerce and inventory management software for cannabis delivery services. It manages customers and staff, provides sales reports and analytics, creates delivery zones, and tracks drivers.
Importantly, this software is certified by and integrated with METRC, the leading seed-to-sale tracking software in the United States, allowing us to automate operators’ compliance with state regulations.
Direct-to-Consumer Platform
Our cannabis marketplace eCommerce technology empowers anyone (cannabis brands, influencers, celebrities) to leverage our delivery network and enable direct ordering from any website -- all without needing to invest in physical inventory or acquire a cannabis license.
When a customer places an order, that order is simply dispatched to the closest retail delivery service for fulfillment.
This platform creates an ecosystem that:
- Makes it easy for cannabis brands to market directly to their customers and enable direct online ordering
- Improves the end-user experience by making it easier to find and order popular cannabis products
- Increases revenues for cannabis delivery services with customer orders sent from marketplace websites
The Business Model
Software fees drive our delivery service
For our Delivery Software Suite, we collect a SaaS fee from cannabis delivery operators, based on the number of retail orders they process per month. Additional fees within the Delivery Software Suite include customer notifications via text, delivery tasks, and digital payment processing.
For our Direct-to-Consumer platform, we collect a SaaS fee from marketplace customers based on the number of cannabis delivery services they want to connect to. We also collect a flat rate service fee for every customer order sent to the retailer using our Direct-to-Consumer platform.
How We Are Different
Providing highly scalable cannabis delivery that is more efficient—and profitable
WebJoint’s competitive edge comes from the depth of our delivery data: we know exactly what products are being moved through our system, in every delivery vehicle across the entire state.
This knowledge allows us to discover top-selling products and make them available to consumers across the state. From the small mom-and-pop shop to the full-scale delivery service, any operation can log in to WebJoint and grow their business with our technology.
This opens up the door for anyone, especially high-traffic individuals (celebrities, influencers, cannabis brands), to start their own cannabis eCommerce shop and generate revenue.
The Vision
Blazing our way across the U.S.
We’ve established a scalable and proven business model in California. Over the next several years, our plan is to expand this model to every delivery-capable cannabis state in the country.
We seek to continue innovating within the delivery software niche, as well, eventually entering additional markets with our patent-pending technology. Few industries exist that have as many regulations as cannabis—which is why we believe the technology we’ve created can benefit other industries in need of solutions for overcoming compliance and regulatory challenges large and small.
Our Leadership
Founders are trailblazers in the California cannabis industry
What began as nothing more than two tech-savvy teens building websites for cannabis retailers has grown into an industry game changer. Now, Christopher Dell’olio, CEO, and Hilart Abrahamian, COO, leads a team composed of six other administrators in sales, marketing, customer success, and product development, as well as 12 full-time developers.
WebJoint already manages more than a third of all operating cannabis deliveries in the state, and we are eager to show our investors just how much more we can accomplish with their capital.
Why Invest
Capitalize on cannabis before it’s too late
WebJoint is in the unique position of being a leader in a nascent industry that we have no doubt is only going to keep growing at a rapid pace.
If (or as we believe, when) cannabis becomes legalized throughout the U.S., will you regret not investing in WebJoint when you had the chance?
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Offering Summary
Company | : | Pyrotree Inc. |
Corporate Address | : | 6303 Owensmouth Avenue 10th Floor, Woodland Hills, CA 91367 |
Offering Minimum | : | $9997.4 |
Offering Maximum | : | $4,097,864.70 |
Minimum Investment Amount(per investor) | : | $499.50 |
Terms
Offering Type | : | Equity |
Security Name | : | Class B Common Stock |
Minimum Number of Shares Offered | : | 2,702 |
Maximum Number of Shares Offered | : | 270,290 |
Price per Share | : | $3.70 |
Pre-Money Valuation | : | $44,377,026.70 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Previous Investors:
As you have previously invested in WebJoint, you are eligible for additional bonus shares. Previous investors will receive 25% bonus shares.
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and receive 50% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive 25% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive 15% bonus shares.
Amount-Based:
$2500+ | Tier 1
Invest $2,500+ and receive WebJoint t-shirt + 5% bonus shares.
$5,000+ | Tier 2
Invest $5,000+ and receive a WebJoint t-shirt and hat + 25% bonus shares.
$10,000+ | Tier 3
Invest $10,000+ and receive a WebJoint t-shirt, hat, and windbreaker + 50% bonus shares.
$25,000+ | Tier 4
Invest $25,000+ and a WebJoint t-shirt, hat, windbreaker, and swag box + receive 75% bonus shares.
$50,000+ | Tier 5
Invest $50,000+ and receive a WebJoint t-shirt, hat, windbreaker, swag box, and a meeting with WebJoint Executives + 100% bonus shares.
*All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Webjoint will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
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 Class B Common Stock at $3.70 / share, you will receive 110 shares of Class B Common Stock, meaning you'll own 110 shares for $370. 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 during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and Previous Investors' Bonus in addition to the aforementioned bonus.
The Company will not incur any irregular use of proceeds.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$373,276.00
USD
$15,804.00
USD
Cash And Cash Equivalents
$357,455.00
USD
$14,034.00
USD
Accounts Receivable
$0.00
USD
$0.00
USD
Short Term Debt
$0.00
USD
$83,728.00
USD
Long Term Debt
$0.00
USD
$0.00
USD
Revenues And Sales
$815,966.00
USD
$468,683.00
USD
Costs Of Goods Sold
$123,765.00
USD
$80,703.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
$434,698.00
USD
$306,143.00
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
WebJoint onboards new cannabis delivery customer, Headstash Flower Delivery!
1 day ago
Hey WebJoint family!
We're excited to announce that we've recently onboarded a new cannabis delivery based in Humboldt County, Headstash Flower Delivery, to add to our rapidly growing cannabis delivery network.
As one of the leading cannabis delivery software products on the market, we are so excited to have Headstash Flower Delivery onboard and look forward to helping them launch and scale their cannabis delivery to new heights.
WebJoint onboards new cannabis delivery customer, Uncle Green Inc.!
3 days ago
Hey WebJoint family!
We're excited to announce that we've recently onboarded a new cannabis delivery based in Central California, Uncle Green Inc., to add to our rapidly growing cannabis delivery network.
As one of the leading cannabis delivery software products on the market, we are so excited to have Uncle Green Inc. onboard and look forward to helping them launch and scale their cannabis delivery to new heights.
WebJoint onboards new cannabis delivery customer, GreenMart Organics!
7 days ago
Hey WebJoint family!
Our cannabis delivery network is growing! We're excited to announce that we've recently onboarded a new cannabis delivery based in Southern California, GreenMart Organics, to add to our rapidly growing cannabis delivery network.
As one of the leading cannabis delivery software products on the market, we're ecstatic to have GreenMart Organics onboard and look forward to helping them launch and scale their cannabis delivery to new heights.
We will continue to highlight new deliveries as we onboard them to the WebJoint platform. So, stay tuned!
WebJoint Investor Q&A Webinar - Join us today!
about 1 month ago
Hello WebJoint Community,
We will be hosting an Investor Q&A Webinar, featuring ME – WebJoint CEO Christopher Dell'olio. Register today for this exclusive online event!
WebJoint’s cannabis delivery technology grants operators complete independence. Our platform connects cannabis brands, their clients, and retail delivery services together in one easy to use ecosystem. Using our direct-to-consumer platform, our team will help you explore new cannabis markets and expand locally, regionally, and statewide.
In fact, WebJoint is the leader in cannabis delivery software, powering over 33% of California’s delivery services!
One day left to register! Showtime is July 14th at 3:00 PM Pacific Time (US & Canada), and we will be answering all your burning questions about WebJoint.
You can register here!
If you have been on the fence about committing your investment, I suggest you should take advantage of this FREE webinar.
We encourage everyone to spread the word to their network about investing and joining this exclusive online event!
Warmly,
Christopher Dell'olio
CEO
WebJoint Investor Q&A Webinar - One week left to register!
about 1 month ago
WebJoint’s cannabis delivery technology grants operators complete independence. Our platform connects cannabis brands, their clients, and retail delivery services together in one easy-to-use ecosystem. Using our direct-to-consumer platform, our team will help you explore new cannabis markets and expand locally, regionally, and statewide.
In fact, WebJoint is the leader in cannabis delivery software, powering over 33% of California’s delivery services!
We will be hosting an Investor Q&A Webinar featuring WebJoint CEO Christopher Dell'olio. Register today for this exclusive online event!
One week left to register! Showtime is July 14th at 3:00 PM Pacific Time (US & Canada), and we will be answering all your burning questions about WebJoint.
You can register here!
If you have been on the fence about committing your investment, I suggest you should take advantage of this FREE webinar.
We encourage everyone to spread the word to their network about investing and joining this exclusive online event!
Warmly,
Christopher Dell'olio
CEO
Last Chance to Attend our Investor Summit!
about 1 month ago
Hey StartEngine Family,
Just a gentle reminder that this is your last chance to attend our first investor summit in Santa Monica, CA on July 8th!
Learn about the exciting investment opportunity in cannabis delivery technology with the WebJoint team and cannabis industry operators.
Current investors are invited to attend for FREE. Fill out the form here for your tickets.
This event is also open to the general public and potential investors.
Purchase your tickets here to attend.
A purchase of a ticket to this event includes:
- A $50 coupon code to SeeCanna cannabis delivery
- Free food and drinks at the event
- Exclusive access to networking and investment opportunities in the cannabis industry
We hope to see you all there!
Company on the Rise!
about 1 month ago
Hello WebJoint Community,
WebJoint is the only software designed to increase cannabis delivery revenue. We’re pushing boundaries: our delivery-first mindset helps us streamline your green right to your door!
In fact, WebJoint is the leader in cannabis delivery software, powering over 33% of California’s delivery services:
HYPERWOLF
LakeSide Remedy
Three Trees
The Source
instakush
California Patients Club
Additionally, we are ecstatic to be in partnership with:
Cova
Weedmaps
KindTap
Chasqui
metrc
Be sure to read up on our Forbes feature: "Cannabis Delivery Software Platform WebJoint Teams Up With Point-of-Sale Provider Cova."
Learn more about WebJoint and how to become an investor by visiting our website.
Our team is looking forward to a strong campaign filled with many milestones.
Warmly,
Christopher Dell'olio
CEO
WebJoint Investor Q&A Webinar- 2 weeks left to register
about 2 months ago
Hello WebJoint Community,
WebJoint’s cannabis delivery technology grants operators complete independence. Our platform connects cannabis brands, their clients, and retail delivery services together in one easy to use ecosystem. Using our direct-to-consumer platform, our team will help you explore new cannabis markets and expand locally, regionally, and statewide.
In fact, WebJoint is the leader in cannabis delivery software, powering over 33% of California’s delivery services!
We will be hosting an Investor Q&A Webinar featuring WebJoint CEO Christopher Dell'olio. Register today for this exclusive online event!
2 weeks left to register! Showtime is July 14th at 3:00 PM Pacific Time (US & Canada), and we will be answering all your burning questions about WebJoint.
You can register here!
If you have been on the fence about committing your investment, I suggest you should take advantage of this FREE webinar.
We encourage everyone to spread the word to their network about investing and joining this exclusive online event!
Warmly,
Christopher Dell'olio
CEO
WebJoint raises over $175,000+!
about 2 months ago
Hey WebJoint family - thanks for helping us cross our first milestone of the new raise!
So far, we've raised over $175,000+ across 140+ investors. Thank you to everyone who has invested and to those who are actively sharing our offering with their family, friends, and colleagues. We're excited to get this raise going on an incredible start and look forward to growing the WebJoint family from here!
Meet Our CEO!
about 2 months ago
Hello WebJoint Community,
My name is Christopher Dell’olio and I am the CEO of WebJoint! I founded my company because I wanted to automate the entire cannabis delivery process.
From the moment the customer places an order to the close of the delivery, WebJoint is designed to help you sell more with less effort so you can focus on what matters most to your business.
WebJoint’s software was designed to be 100% compliant with the state’s track-and-trace software, which automatically updates based on changes in cannabis regulations both locally and state-wide!
Over one-third of deliveries in California utilize our system to help manage their business! It manages inventory in driver vehicles and assigns incoming orders automatically to the nearest driver carrying that stock. Our system practically runs itself, minimizing delivery times while maximizing sales.
We have processed more than $244 million worth of orders in California, Massachusetts, Maine, and Michigan, while continuing to expand operations to all legalized cannabis states.
Now that you know a little more about our background, I hope you consider joining our investor community!
Learn more about WebJoint and how to become an investor by visiting our website.
Our team is looking forward to a strong campaign filled with many milestones.
Warmly,
Christopher Dell'olio
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